The Fundamental Theorem of Poker
You know there is a Fundamental Theorem of Algebra and on of Calculus. So it is the right time to introduce (by David Skolansky) the Fundamental Theorem of Poker:
Every time you play a hand differently from the way you would have played it if you could see all your opponents’ cards, they gain; and every time you play your hand the same way you would have played it if you could see all their cards, they lose. Conversely, every time opponents play their hands differently from the way they would have if they could see all your cards, you gain; and every time they play their hands the same way they would have played if they could see all your cards, you loose.
Example: suppose your hand is not as good as your opponent’s when you bet. Your opponent calls your bet, and you lose. But in fact you have not lost; you have gained! Why? Because obviously your opponent’s correct play, if he knew what you had, would be to raise. Therefore, you have gained when he doesn’t raise, and if he folds, you have gained a tremendous amount! (according to David Skolansky)
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May 26th, 2008 at 13:21
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