For the sake of argument, I put your math play against a player who sees every flop for any price. What is the correct play against this player? Wait for AA and get blinded out of every pot? You never know what this player could have, and if his betting is consistent for any hand, then you could never call, except with the absolute nuts, and most players take down a lot more pots than the ones where they have the absolute nuts. While I believe that the odds are important in poker, it isn't everything. Against experienced players I think table image is much more important. Image is probably 3/4 of Dan Harrington's game. He comes off as a rock, and everyone says he is a rock, so 99% of the time when he bets big or raises big, he's respected, even if he is really holding crap. This works in the opposite for Gus Hansen. Players know that he can play anything, and can bet almost anything. In what I guess I'll call "serious" poker (which would probably comprise maybe 5% or less of online poker) psychology is probably a greater factor than the odds.