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 Originally Posted by givememyleg
Seat 5: grinder55 (1020 in chips)
Is that why it's calculating -ev? (btw I have no idea how the program works).
I think his range should be much much wider. Even if he is stupid it doesn't take a lot to realize you have the big stack so be an asshole/spew.
How can you seriously fold here?
It's -EV even when he is raising any 2 as long as you have no FE (and you really don't have any FE) By the program, I assume you mean SNGPT? I don't have it, but I believe it just uses the ICM with the hand ranges you put in for opponents. The ICM just assumes each person's chance of finishing in 1st is proportional to their chip stack, and then the calculations are done along the same lines for 2nd and 3rd. So, let's look at how the short stack effects all this with 4 players left.
You have about a 3:2 advantage over shorty in chips. If we were to assume that you and shorty will take 3rd and 4th, your equity here would be your 60% chance of placing 3rd times the 20% prize, or 12% of the prize fund. You have about 11% of total chips, so your chances of first are about 11%, times 50% prize is 5.5% of the prize fund. If you double up, your chance of first goes to 22%, or 11% of the prize fund. Doubling up, with respect to your first place winnings, gainst you 5.5% of the prize fund. But this is small compared to your 12% expected share from 3rd place, which will drop to 0 if you lose this hand. You are risking 12% of the fund to gain 5.5%
It turns out here, that the equity you want to protect comes much more from your chance at 3rd place than your chance at first. Your chance at 3rd is substantial, while your chance at 1st is relatively remote. Most of your equity in this tournament comes from your 3rd place finishes. You need a very favorable situation here to risk that 3rd place equity.
Another problem some of you might have with getting your heads around this is the way hand values change at a short table. You might think AK or AKs are truly great hands, and yes they are very strong, but 99 is better than both of them. Only TT+ and maybe 99 are the real monsters at a short table. The value of the pocket pairs starts to drop off rapidly below 99. 88 is very strong still, and 77 is stong-very strong, but 66 drops below most of the good high card hands, and below that you would much rather be pushing than calling a push.
Another thing going on here is the lack of fold equity. Reverse positions with villain, and AK is a push. It's not that you can't play AK here. It's that you can't play it without fold equity. The numbers say you need about a 70% edge here. AK doesn't have that edge over any range.
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