Re: The Wotmog theory
The one thing this thread brought to mine was my general thoughts I've had fuzzy in my head for some time, about chip value relative to the average stack, for want of a better, more accurate term...
For instance, I've heard analogies trying to explain a decrease in value the more chips you have, something like "when you have $10, finding $1000 is huge. When you've got $100 million, what's a few hundred thousand between friends?"
Take this scenario here though, where everybody at the table has 8kTC left.
Here, I would imagine that having any value >8k for your chip stack is worth significantly more than <8k, but I can't decide if this is a legitimate claim or not. For instance, if everybody has 8k and you have 3k, doubling up has a significant impact on your EV... but if you have 6k, doubling up now seems to provide a much larger boost to your EV: if I had to guess, I'd say it's significantly more than 2x the effect that the shortstack double up has, despite the fact that it's precisely 2x the chips gained. Surely, skill in playing a big stack comes into play, and I've often thought people put way too much faith in the "you gotta survive" mantra, but even having 8001 chips vs your opponent's 8000 would obviously boost the real-money expectation of a hand played for his entire stack, since when you have him covered, the worst case scenario (losing 8kTC) still carries a $EV that's in the black.
Anybody who has thought about this more than I have, or has more capacity with which to do so, have anything to add?
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