[Nigel]

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Now that I know who you guys are talking about...

I don't think he's lucky or cheating. I thought he was a fish at first, but after enough hands with him I'd guess he's a very talented hand reader who gets away with loose pre-flop play because he's much better than average at post-flop. Plus, he plays the metagame well and adjusts his play to individuals. As Eric pointed out, he makes the maximum from weak players.

I'm betting he's one of those "naturals" and has probably written some custom PT-type statistical tools to help himself adjust to specific players.

I know he made considerable adjustments when playing against my girlfriend (who kills the party 30-60). She was thrashing him in the beginning but he changed his play against her just like you're supposed to. We thought he was just getting lucky until we went over the hands carefully. She'll get up from the table when he sits down now, and she's by far and away the best postflop player I know.

I call him the Borg.

On the other hand, maybe he's just a lucky fish.

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I haven't found that he hand reads even remotely well. He usually horribly overplays his hand and then hits his miracle. But that's just against me, so I can't speak for other's experience with him.