Great question, Mike.
I do believe, however, that your play is more "cash" minded vs. "tournament", and I'm sure an argument can be made for either action.
I agree, in cash play, the cards probably don't matter. I'm not sure that it's ever prudent to play blind, but you're probably live, and let's see what happens. The dollar value remains the same on every play.
In a tournament, though, the value of each chip changes as the tournament moves into higher and higher blinds and antes, and you have to adjust your play as well. If you're sitting with $85k and you put $6k into the pot for the BB, you now have $79k (about 13 big blinds).
Calling $11k (2 big blinds) leaves you with approximately 11 big blinds. Now you've put yourself in a position to become one of the average (and nearly short) stacks. It's risky, particularly blind.
I'm not saying that you shouldn't call if you wake up with a decent hand, but I don't want to become shortstacked by playing a mediocre hand against an all in. Even if I'm getting 2.5 to 1 on my money -- the cost to my stack is worth more than that.
A typical tournament strategy is to take down stacks in early rounds, and steal blinds and antes in later rounds. Actually reducing your risks as the value of your chips are also reduced.
To explain what I mean by value of chips being reduced, I would use the example of a fast tournament - like at Gemini.
$3500 starting stack and 15 minute blinds. Blinds start at $25/$50. Everybody has 70 BB, right? One very short hour later, the blinds are now moved to $150/$300. If you still have $3500 in chips, you now only have 11 BB.
You think, how did that happen?? I've played tight, and picked up a couple of small pots! Now you move into short stack mentality and think "I'm desperate and HAVE to make a move"...
Back to the original situation - I think that I fold 5, 2.
We must believe in luck. For how else can we explain the success of those we don't like.
Jean Cocteau
French dramatist, director, & poet (1889 - 1963)
Bookmarks