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Nevertheless,
table stakes creates a completely different set of standards in
money-management. When circumstances are such that you can bet your
entire stack, you assure yourself of a showdown without further
risk or problems, and if other players have bigger stacks, one or
more of them may have to drop out later on, when, if he had stayed,
he might have outdrawn you.
I would like to add just one personal comment on money management.
Nothing upsets it so much as playing a "friendly game,"
in which there are certain players against whom you are not supposed
to do your worst.
To make the percentages work correctly, you have to be able to win
the maximum when you have a winning hand, no matter whether the
player with the losing hand is your friend or your enemy. It is
unethical worse, it is considered a form of cheating as bad as stacking
the cards-to enter into collusion with another player to trap a
third. Therefore, you have no compensating gain from your agreement.
It isn't always possible to avoid such situations, but stay away
from them as well as you can.
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