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High stakes poker players make bad decisions?
I was watching High Stakes Poker and the famous Phil Helmuth was a pot on insurance He was very …. that means he would pay close to pot odds of him hitting it 44 was correct the other guy had 32 flop 4510 …. no Flush Draws So Helmuth involved around the table asked what are the chances of losing him … and none of them knew … Jamie Gold and a mathematician whos said between 50% and 33% Helmuth% ended up adopting the 33 and threw an extra 5% on the insurance guy him I'm here now … mathamatician but not in thinking they are all completely out of their heads Straight Draw chances are like 31.5%, but the fact that Phil had set u have a means to reduce the chances of the board mating by the river, the 5% … so that the actual to odds of losing it are 26%, which means Helmuth should only have paid the 26% plus a fee of 5% to cover the insurance subtract the guy the pot … so that it more than 8%, which is at least as 13k for a pot of about 180k paid
If you think back to the early broadcasts of the WSOP 2007 (non-Main Event tournaments, got) Phil bets in a long line of Phil Ivey, whether you would keep Phil H hands. Phil I kept him the probability that completely wrong (and to know they were) were accepted and Phil H on hold. I really do not think Phil H's pot odds math is so good, he just does it for running around and because he an arrogant prick (that is Phil Hellmuth, after all.) Phil usually only plays his cards (Note how often he throws will fold) and gains on knowledge of their strength based. He draws never been much about.
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