Follow-Up Question:
How does the 5/10 rule apply here?
From
this post:
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Q: I've heard other posters mentioning the 5/10 rule. What is it?
A: The 5/10 rule is an important no-limit concept that first appeared in Bob Ciaffone's excellent book, "PL & NL Poker." To quote directly from the book:
"When contemplating calling a raise because your position is good, you have a clear call if the raise is less than 5% of your stack, and a clear fold if it is more than 10%. In between those numbers, use your judgement."
It's a good rule for calling a preflop raise with a pocket pair in hopes of hitting a set. The driving force behind the concept is the implied odds in a given situation. If you get your set, but the opponent only has 5BBs after the initial raise, calling to hit the set in the first place is incorrect.
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So, if you have 100BB, then a 10BB call in position is marginal. But what if people at the table only have about 60BB in front of them? Then you shouldn't call more than 6BB, right?
I'm still learning... just trying to think this through. Thanks for all the great feedback!