[Todd Terry]

Baltostar:

I think the first thing you ever learn in microeconomics is to ignore sunk costs. You are faced with a decision as to whether to put in a specific number of chips, 1200. The "implied odds", which is really the implied expectation, are what you expect to win if you hit, multiplied by the percentage that you hit. It's really that simple. And flopping a set or better is 7.5:1, the 7:1 I stated earlier was off the top of my head, not that it makes a difference.

I know enough about game theory to know that game theory has either virtually or absolutely nothing to do with this problem, depending on your perspective.