ok. Just because I am bored...
Next question:
Assume starting stack size of 100bb for each player
Assume the opponent has AA
Assume the opponent always bets a pot size bet (25.5bb bet) on the flop and never folds to raises (any raise)
Scenario:
We raise 3bbs preflop with 44
Opponent reraises to 12bb with his AA
Is it correct (given assumptions) to make that call preflop or not?
If so, at what starting stack size is it indifferent to call or fold preflop?
Also if calling the preflop raise is correct, at what reraise size from our opponent makes us indifferent to folding or calling?
Some quick things to think about if anyone is interested:
There is 16.5bb in the pot (1.5bb from the small and big blind) and it is 9 more bbs for us to call.
If we call the 9bb reraise preflop, the pot size will be 25.5bb and remaining stack sizes will be 88bb
bb= big blinds...if you're not familiar with poker, just make every bb $1...so we raise $3 preflop and opponent raraises to $12
Alright, so this problem brings important poker fundamentals called "pot odds" and "implied odds". Also, we need to make a lot of assumptions. First and foremost, I will assume that everyone else has already folded or will definitely fold if i call.
Without going into detail what "pot odds" and "implied odds" are..
I am facing with two choices:
A) Fold : Result: -$3 from the raise that I made.
Risk: None
B) Call:
Three Possible scenarios after the flop
i) I don't flop a 4.
Action: I fold to the pot bet from the other guy
P(flop doesn't contain a 4) = (46C3)/(48C3) = .8777
Result: -$12 from the pre-flop raise+call
E(X_i) = .8777*(-$12) = -$10.53
ii) I flop a 4 or better without Ace hitting. + I flop two 4s and an ace (gives me 4 of a kind and gives the other guy a boat)
Action: The other guy bets the pot (22.5b) and I go all-in, and the other guy instantly calls.
P(hitting a 4 + two non-4,Ace cards) = (2C1*44C2)/(48C3) = .1094
P(hitting two 4s + a non-Ace cards) = (2C2*44C1)/(48C3) = .0025
P(hitting two 4s + an Ace) = really really small
Add all the probabilities, and P(me winning after the flop) = .1200
Turn and River
P(the other guy ends up winning, aka another ace or flush, whatever) = ~.08 (too messy to calculate)
Result: -$100 since I went all-in after the flop and lost the pot eventually.
P(My better hands holding up) = 1 - ~.08 = ~.92
Result: +$100 since I went all-in after the flop and won the pot eventually.
E(X_ii) = .12*(.08*(-$100)+.92*(+$100)) = +$10.08
iii) I do flop a 4 but the other guy hits an Ace as well! (say i'm not Phil Ivey or Jonny Chan, so I can't figure out opponent's Aces)
Action: The other guy bets the pot (22.5b) and I go all-in, and the other guy moans (acting) and then calls.
P(hitting a 4 + one Ace card) = (2C1*2C1*44C1)/(48C3) = .0102
P(hitting a 4 + two Aces): let's not count this because I will fold to this flop unless I am a fish.
Turn and River
P(I suck out and end up winning with four of a kinds or a flush or even a straight) = ~.04 (too messy to calculate)
Result: +$100
P(Oppenent's better hands holding up) = 1 - ~.04 = ~.96
Result: -$100
E(X_iii) = .0102*(.04*(+$100) + .96*(-$100)) = -$.94
So, Expected Return when calling the preflop re-raise: E(X_i) + E(X_ii) + E(X_iii) = -$10.53 + $10.08 - $0.94 = -$1.39
Risk : A LOT since the variability of your expected return is really high!!
Conclusion: If we are just comparing the expected return of these two cases:
Folding results in a loss of $3 and Calling results in a loss of $1.39, so Calling will be a right move. However, I will probably fold this hand knowing that the opponent has Aces, and that I would most likely be forced to fold after the flop and lose $12.