How valuable are implied odds in stud?

[Micturition Man]

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However I was not the person with this hand. The person with this hand is considered to be an expert stud player.

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I believe Phil Ivey made this exact play in a $1,000/$2,000 game the other night. He proceeded to check/call after pairing his 8 on fourth street, and he got a ton of action on fifth and sixth (I think 7 big bets total) after catching another 8 on fifth. His opponent caught paint on those streets, and ended up losing a showdown to Ivey's full house. I also thought the decision on third street was interesting to consider.

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Nice catch sir.

I changed the limit to 100-200 and didn't name Phil because I didn't want people to get distracted with false hand-waving arguments like "At these limits poker becomes much more of a mental game!", or "Phil and David probably have a long history with each other so they're just playing this way for fun."

(I have actually seen both of those arguments made, more or less, in other forums to justify dubious plays by name pros.)