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so your play limit is by time?
about 5hrs, no matter how much you win or lose?
5hrs is enough to ride out the bad variance a majority of the time?
Oh no, I don't limit my time, it was just a rough estimate of the average. Sometimes I play 8hours+ while others I might only play for 3-4, but the amount of hands seen is greatly dependent on the number of players at the table as well as dealer speed. I'll play heads up or at full tables, but on average there are about 3-4 players.
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how does it work if your neighbor has a straight or above?
do you also get 1/2 of the 'blinds' win?
if not, then wouldn't doing 1/2 the Play bet be -EV?
This is only applicable to the 4X "Play" bet, so I have no stake in the anti or blinds and it always pays 1:1. For example, lets say my neighbor has A10o and they are reluctant to go 4 times(or a lot of times they may only go 3x), I'll offer to go half and half on the 4x bet with them or take the additional 1x if they go 3x. A10o vs a random hand wins 62% of the time, so I can expect a 24% avg return. Some people are even afraid of hands like AKo or 88, which are 65%-70% to win vs a random hand, so you can see how this could be quite valuable over the long run.