
Originally Posted by
DaNutsInYoEye
The point is that you're risking your stack in a situation where you aren't sure where you stand. Folding is clearly the best option.
I am bumping this thread because I think most of the replies are completely wrong.
You know exactly where you stand. You have a pair and OESD.
You are either 40% or 70% to win.
There is about a 50% chance of each. (Assuming he will make this play with any overpair, and AK/AQ.
If you call and win you will have X chips which = Y$Equity
If you call and lose, you get 6th place money.
IF the % you win x Y$ Equity > %you lose x 6th place money
Then a call is correct. There is no debating this fact.
The only issue is to determine the value of $Y.
ICM gives us a simple way to do this. It assumes equal skill for all players, so it is therefore intrinsically flawed.
You must also take Q value into account(How your stack compares to the average) and the average M value for the table and where you will be if you fold. (How long do you have before you need to make a move)
NOTE: I am using HoH terms, but these are not unique concepts. They are simple fact, that all good tournament players know.
The idea that you don't want to gamble and you are afraid you might be beaten no longer comes into play. You will never win a tournament waiting for the nuts.