[MLG]

"Trust me. I know my game theory. The "event" is the flop, not each time the action comes to you.

As I said earlier: imagine you're sandwiched between two big stack opponents who min re-raise each other until one is allin. If at each decision point you calculate implied odds to play for set value based on your cost-to-call, you might easily make every successive call, and would become allin yourself, at which point you would have ~2:1 going into the flop -- hardly sufficient odds to play for set value."


Baltostar,
this is very wrong. its wrong because you are closing the action, so you do not have to worry about the possibility of putting more money in on this street.