Re: Is chasing higher ranked hands ever justified?
The answer your looking for is that there are two kinds of chasing... chasing when you have pot odds, and chasing when you don't. So mathematically it's correct to chase an open ended straight when you're getting 5-1 or better but not when you're only getting 4-1. You may drag big pots by hitting a chase you shouldn't have been in the search for, and you feel good at the time, but statistically you will lose money over a long period of time by wasting those bets without sufficient odds.
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