Quote:
Originally Posted by Garick
Yup, this "wait for a better spot" notion is for tournaments, where if you lose your stack, you are done (and is overused even there). For cash, amusing that you are properly rolled, you can take the better spots and the marginally +EV spots, and passing up on "marginal" spots is a huge hit to your winrate.
If, for example, we had 50% equity in this spot, that would mean that we were donating 50% of the pot to our V. As there is already $40 in there that is completely dead, that means we lost $20 in EV by folding. That's an hour's worth of profit for a good player.
This is so true. If continuing is greater than 0 EV and folding is 0 EV, and we can always rebuy, why would we wait for a better spot?
The other phrase I see potentially misused besides, "wait for a better spot," is, "it's not worth the risk." In a cash game, if we are properly rolled, the only thing that is not worth the risk is a play that is negative EV. So if bluffing 1,500 on the river into a pot of 1,000 gets people to fold 2/3 of the time, it is winning $167 and we should do it (unless bluffing a different amount is higher EV). Sometimes hearing, "it's not worth it," sounds more like, "losing 1,500 feels really bad."