Saturday, October 08, 2005

Theory of Luck

In Doyle's Super System he talks about gambling with other people's money in no-limit Hold-em. He'll run a series of bluffs to run up his stack and then he moves all in with some kind of draw either hoping to win the pot right there or catch his draw and bust someone.

I use this strategy in a $6-12 Omaha Hi-Lo game I like to play. I avoid all marginal decisions if I am losing or even, but if I'm ahead I will play a marginal hand or take a shot at a marginal draw that I wouldn't otherwise.

This is a theory of luck really. Some may argue that the right decision is the right decision and should not be affected by your chip stack, but I disagree. When I have the opportunity to gamble with other people's money I will take a few shots and try to run it up.

No comments: