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Taipan,
I don't disagree with anything that you're saying. Your math works.
However, I think alot depends on the structure of the game. Here, we're playing live, with 12 or 15 min blinds (depending where you play) and blinds go up fast: 100/100, 100/200, 200/400, 300/600, 500/1000, 800/1600.
So even if I make this "limp with trash" play five times, which is alot, I rarely have the opportunity to do it that often during the first round of blinds, I would only be down 500 chips. Which 30 minutes, or about 15 hands from now, won't even be enough for the big blind.
So here's my logic - I'm sacrificing an insignificant portion of my stack for the opportunity to hit a big hand and grow my stack 20%, 30%, or even 50%.
I understand that I won't hit that kind of hand very often, but if I do, and I can increase my stack to between 7000 and 10,000 I have greatly increased my chances of making the money (6 handed game, pays top 2).
And in the cases where I don't hit those hands, and I get two or three blind levels into the game, am I really going to miss those 300 - 500 chips I spent chasing with trash. So, in other words, lets assume I play tight, and after a few rounds of blinds, I'm down to about 4500 in chips. with blinds at 300/600 and going up to 500/1000 after that, is my situation that much different than if I had spend an additional 500 in the early rounds seeing flops with marginal hands?
Is a stack of 4500 really that much stronger than a stack of 4000 when the blinds are that high?
Online and in live MTT's with deeper stacks and slower blinds, I agree 100%. However, in this structure, I believe that seeing cheap flops early on will help my long term profit.
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