Thursday, January 19, 2012

Shades of greed

Would you say it's greedy to keep playing after doubling up? I think such behavior falls on the greed spectrum, but where it falls depends on context. Last night, I kept playing after doubling up; the thing was, I'd already hit the felt once. I was basically back to square one. In my opinion, continuing to play at that point, rather than being overtly greedy, was more a case of asking too much of luck.

I hit the felt on hand 3; I'd been dealt pocket rockets, and went all in with them when not one but two opponents acting before me went all in preflop. This was a table with a lot of action! My pair of aces lost to three of a kind, fours. Even with three opponents, I was a 52% favorite before the flop; the next best hand was a 19% underdog at that point. The pot was a whopping $136,900, and obviously I would have ended my night had I won it.

I reupped for the max, and got back into the black on hand 55; my full house of queens full of threes won a pot worth $80,100. If I'd quit right then, I would have made a small profit of $6,600 on the night. Unfortunately, I didn't. My luck then turned for the worse, and I ended up hitting the felt a second time.

During current Hold'em session you were dealt 108 hands and saw flop:
- 8 out of 15 times while in big blind (53%)
- 2 out of 16 times while in small blind (12%)
- 27 out of 77 times in other positions (35%)
- a total of 37 out of 108 (34%)
Pots won at showdown - 4 of 13 (30%)
Pots won without showdown - 3

delta: $-80,000
balance: $3,302,504

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