Re: is your \"M\" really important?
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Listen to ansky/lloyd, use common sense.
I've never calculated my M at the table. Its just another way of representing your stack-size. I use BBs. If there are antes, then i say to myself "Self: you have 6BBs...and there's an ante. You need to push more now." Pretty easy, no?
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I will say that I always calculate my "M" whenever I win or lose a big pot, or if the blinds go up. The first time I ever did this was at last year's WSOP. I was in a supplemental event (second chance) and because the blinds were changing so fast I felt like I constantly was calculating "M" and adjusting accordingly. Variance, of course, but I wound up winning that event and I do attribute at least part of it to "M" specifically. While it requires a slightly more complicated math step it is more accurate than just how many BBs, it takes into consideration the antes, and if implemented correctly in its modified form takes into consideration shorthanded play. But again, I don't care what it's called but conceptually it is the most accurate way of taking into consideration your stack size when deciding what types of hands to play and how hard you have to push those hands.
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