Cashout EV and win rate - Small Stakes Pot Limit Omaha

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Cashout EV and win rate

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11-25-2022 , 08:28 AM

PhatPots

Pooh-Bah

Join Date: Sep 2004 Posts: 3,934

I haven't really used the cashout feature on GG Poker or WSOP.ca (for me now). I usually run it twice to minimize variance. But I see that the cashout EV option takes 1% of your EV.
Long-term over a massive sample size, obviously we don't want to give up that 1%. But in the short term obviously, playing with a smaller bankroll and not wanting to have massive PLO swings, it's not that crazy.

Does anyone have any math to support or show what the numbers look like if we use the cashout EV everytime we have the option for a player with a 15BB/100 win rate?

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11-25-2022 , 08:46 AM

davmcg

veteran

Join Date: Jan 2003 Posts: 2,535

Whether the cashout rake is included in rewards calcs is significant. Also if playing in lower stakes where the entire pot is raked, the extra rake is much smaller than at higher stakes where an uncapped 1% is a huge additional rake.

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12-01-2022 , 06:38 AM

Gadolin

stranger

Join Date: Aug 2022 Posts: 6

If you have 15bb/100 win rate I don't think you need to worry about the short term variance. I think there are probably better strategies to handling the short term variance than giving up 1% of your all in spots.

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12-02-2022 , 04:30 PM

Rockyfour

centurion

Join Date: Dec 2021 Posts: 140

I did that for awhile, was nice to watch my money just basically go up instead of swinging 10's of buy in's to bad luck.

However it adds up quick. That's 2 big blinds every time you play for stacks.

After 10k hands I probably play for stacks like 250x which is 500 bigs.

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12-04-2022 , 04:27 PM

Micturition Man

Pooh-Bah

Join Date: Nov 2003 Posts: 5,159

Quote:

Originally Posted by Gadolin

First I've heard of this but no, there is no strategy that is literally going to eliminate all-in variance as this would.

From a bankroll growth point of view such a feature could certainly be justified if it allows you to play bigger than would otherwise be optimal.

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12-05-2022 , 09:56 PM

KnoxKnoxJoke

adept

Join Date: Aug 2021 Posts: 972

Hi. If you are going all in on average with 100bb stacks, the all in pot will be 200bb on average. The cost will be 2bb.

You can see the effect on your winrate per 100 hands by the number of times you expect to be all in. Maybe 1-2 times every 100 hands is reasonable? Depending on pool? So you would be hurting your winrate a significant amount, 2-4bb/100, I would recommend never taking it.

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