Re: When does EV apply? When does it not?
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I should amend this to say... in general it is not wrong to take a +ev bet. But it might be *better* not to.
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This is basically what I was thinking.
My main problem with his reasoning is that he's most likely never going to be playing for this much money again, and folding several small edges might land him ~$1,000,000 richer if other players bust before him.
Some will argue that since he exploits those smaller edges he gives himself a better chance at first place prize money, and that's a very valid point of view.
However I think a situation like this brings up some tricky problems. Exploiting those small edges in $100r on Stars might land you an extra $10k in a single tournament, but passing them up in the ME may get you 100x that much.
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