Wednesday, January 12, 2011

The greed paradox

Last night, I was able to double up because I was greedy enough not to get too greedy. This is the greed paradox. If you're too greedy, you'll bet too heavily, and shed potential callers too fast. You actually have to be extra specially greedy in order to stop yourself from being greedy!

The final hand of the night went down like so:

Table 'Tugela IV' 9-max (Play Money) Seat #8 is the button
Seat 1: (35300 in chips)
Seat 2: (16600 in chips)
Seat 3: (77000 in chips)
Seat 4: (20000 in chips)
Seat 5: neostreet (32700 in chips)
Seat 6: (9500 in chips)
Seat 8: (11000 in chips)
Seat 9: (37679 in chips)
Seat 9: posts small blind 100
Seat 1: posts big blind 200
Seat 4: posts big blind 200
*** HOLE CARDS ***
Dealt to neostreet [3h 7s]
Seat 2: calls 200
Seat 3: raises 200 to 400
Seat 4: calls 200
neostreet: calls 400
Seat 6: calls 400
Seat 8: folds
Seat 9: calls 300
Seat 1: folds
Seat 2: raises 200 to 600
Seat 3: calls 200
Seat 4: calls 200
neostreet: calls 200
Seat 6: calls 200
Seat 9: calls 200
*** FLOP *** [3c 3d Td]
Seat 9: bets 200
Seat 2: calls 200
Seat 3: raises 4400 to 4600
Seat 4: folds
neostreet: calls 4600
Seat 6: folds
Seat 9: calls 4400
Seat 2: calls 4400
*** TURN *** [3c 3d Td] [7d]
Seat 9: bets 3200
Seat 2: raises 3200 to 6400
Seat 3: calls 6400
neostreet: raises 3200 to 9600
el angel 461 joins the table at seat #7
Seat 9: calls 6400
Seat 2: calls 3200
Seat 3: calls 3200
*** RIVER *** [3c 3d Td 7d] [4s]
Seat 9: checks
Seat 2: checks
Seat 3: checks
neostreet: bets 10000
Seat 9: folds
Seat 2: calls 1800 and is all-in
Seat 3: folds
Uncalled bet (8200) returned to neostreet
*** SHOW DOWN ***
neostreet: shows [3h 7s] (a full house, Threes full of Sevens)
Seat 2: shows [Ah Jh] (a pair of Threes)
neostreet collected 64200 from pot

Here are the session stats:

During current Hold'em session you were dealt 10 hands and saw flop:
- 1 out of 1 times while in big blind (100%)
- 0 out of 1 times while in small blind (0%)
- 4 out of 8 times in other positions (50%)
- a total of 5 out of 10 (50%)
Pots won at showdown - 2 of 3 (66%)
Pots won without showdown - 0

delta: $40,300
balance: $859,458

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