Monday, April 02, 2007

Short stack advantage

In a blog entry on playing short stacks in no limit hold'em, Ed Miller makes the following amazing statement:
No-limit is about having a good hand when the money goes in. Having a short stack can be an advantage because your money goes in before your opponents (with deeper stacks) are ready.

I'm just stunned by that.
It's certainly a good idea to have the best of it when the money goes in, but that's far from a defining characteristic of what playing no-limit is all about. If fact, in some situations it's true that that kind of thinking is more important in limit than in no-limit.

That's not quite as much nonsense as the idea that you're better off playing a short stack than playing a deep stack, but it's close.

There are some situations where you're better off with a short stack. But there are also situations where you're better off with a big stack. And the potential payoff from having the big stack is huge compared to the payoff from having the short stack. Intentionally being short-stacked is more a risk reduction tactic than anything else.

Just giving a situational example of when you might do better being short-stacked does nothing towards establishing a benefit of being short-stacked.

I need to get some sleep, I'll get back to this later.

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