High Stakes Poker...

[Talking Poker]

So, dod he ask to run it twice BEFORE or after exposing his hand and/or deciding to call?

In other words, was his logic, "I'll call if we can run this twice, but I'm going to fold otherwise" or was it "I see I'm way behind here. How about if we make two big pots and I let you beat me twice?"

Cause if it was the latter, I'm thinking that's pretty damn -EV.

[Zybomb]

This is known as "doing business" It's fairly common in the card room that I regularly play at

If all the money is in at some point the players can flip their cards if they'd like and then discuss if they want to do business.

For example I ran business last night in the following hand

MY hand: Ac 2c

Board: Ad 2s 4s

Opponents Hand: (all the money went in on the flop) As 5s

I figure it was roughly a coin flip, or I mayhave been behind a little

We did business, which means we ran the turn and river 3 times each, split the pot into 3 piles, and the winner of each time got it's individual third of the pot... sometimes people make it so that if it's even after 2 the pot is hcopped, some do not.

[Windbreaker]

They did this after the cards were shown.

I don't think this changes the EV at all - I think it only changes the variance. Lets say the pot is $100. Say Eli is a 3 to 1 favorite. If this hand is only ran once....he wins $75 on avg.

Now, if you run it twice instead. Eli has a 3/4 *3/4 chance to win the $100. A 1/4*1/4 to lose the entire pot. And a 6/16 to win once and lose the other to chop the pot and get $50 bucks back. So in total his EV = 9/16 *100 + 6/16 *50 = $75.

When they run the hand twice...they only win the entire pot (what's already all in)....if they win the run twice. THey don't win double the amount in the pot.

Edit - more specifically, lowers the variance.

[Windbreaker]

Also of note I think there is a slight advantage for the person with the worse hand in these situations.

I'm not sure if this is 100% correct....but I believe they run the hand twice by burning the card after the river (of the first run) and flipping the next card it as the new turn....and burning another and flipping it as the second river.

If this is the case, I think it slightly improves the chance of a suck out b/c if you don't suck out the first time...then on the second run, there are fewer unseen cards in the deck. Which means there's a higher probability than normal to hit your card, in this case the 10 or ace.

SO it should in the long run increase your chances of splitting pot.

[Zybomb]

That is correct, thats how it works, they burn the next card then the next card after that is the new turn

[Talking Poker]

So they chop the pot first and then play for two pots.

I get it. I like that.