Mike Stein, author of the excellent Quantitative Poker blog, joins us to talk about skill vs luck in poker, how tax implications and the declining utility of money should affect your game selection, and game theoretically optimal bluffing strategy across multiple streets. You can follow Mike on Twitter , read his “sticky” about tax implications on 2+2, and see him quoted in BusinessWeek.
0:30 Interview: Mike Stein
50:38 Strategy: Optimal multi-street bluffing
69:23 Strategy: Hero-calling a four-flush river
Hero is on the button with $315, Villain is in SB with $225.
3 limps in MP, Hero raises to $16 with Ac 7c on the button, SB calls, limpers fold.
Pot = $40
Hero = $299
Villain = $219
Villain checks, Hero bets $25. Villain calls.
Pot = $90
Hero = $274
Villain = $184
Hero bets $50. Villain calls.
Pot = $190
Hero = $225
Villain = $134
Villain shoves, Hero calls.