[Willd]

I'm surprised noone has said this before but the most obvious counter point that I can come up with is a direct example.

Using the hand from the other thread as a base, you have a 10000 stack with blinds at 200/400 and raise 3bb from UTG with QQ. UTG+1 who you have a read only ever minreraises with AA and will commit postflop, minreraises you and has you covered. It's folded back to you and it costs 800 to call.

This is a trivally easy call based on your reads as you're risking 800 to win the 3800 already in the pot + 8000 more when you flop your set and double up, offering you combined implied and pot odds of ~15-1. However using baltostar's theory your risk is actually 10800/2000 or ~5-1 so it would be a fold.

This is obviously a very artificial example but it seems the simplest way of pointing out the major flaw in baltostar's thinking.