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Classic Zee thread. Asks a question that he should already know the answer to (or has probably already asked before), and now the thread is inching closer to post #300. I'm assuming the thread has been derailed off topic (once again), but I'm not entirely sure because I have no plans of reading all 29 pages of this topic.
Zee, you made the wrong call. Plain and simple. Your TC was 0 (nowhere close to the index), yet you still chose to take even money. Now, some will debate that it might be appropriate to take insurance and/or even money when the index is close and you're holding strong hands, to reduce variance. I don't think that's a bad option, especially for those who are on a limited bankroll. But keep in mind, while that is considered a risk averse play, it's still -EV.
Zee... in this particular situation, you weren't close, so I would have declined the even money and just hoped for the best. But this situation is clearly personal preference. Some people have a higher tolerance for risk than others. But I've said this many times... I think your game is pretty weak already as it is, Zee. So the more EV you continue to give up, you'll be lucky to play a break even game, let alone a winning one.
The question (AND answer) on this thread seems pretty straight forward, so here's my question: why are we approaching post #300??
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