The Fight Is On: Game Theory Versus Pot Odds
by Reid Young | Published: Jul 09, 2014
What if I told you that sometimes pot odds don’t matter? You might say that it flies in the face of fundamental poker knowledge. Right. Well fortunately for my side of the argument, there is an area of mathematics that is specially dedicated to explaining this wizardry. It’s called game theory. Game theory can get extremely complex when it is used to describe games like no-limit Texas hold’em. But, at the core of all the math, learning game theory optimal poker, or as close as we can get to it, is about learning how to create a strategy that can’t be exploited by your opponent. Now, if you have ever played poker, then you know that everyone makes mistakes constantly. Is your continuation bet (c-bet) the exact correct size? Should you bluff that river with that hand? Great players make solid decisions, but even when they try to be optimal, ...
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