I was recently told about a hand from a $1,000 buy-in satellite into the $10,000 buy-in World Series of Poker Main Event that illustrates a costly flaw in the logic of numerous amateur players. About 70 players remained in the satellite with 19 lucky ones winning their Main Event seat, so the players were nowhere near getting in the money.
With blinds at 1,200/2,400 with a 200 ante, a somewhat standard player raised to 6,000 out of his 110,000 stack from middle position with K-K. Another typical player 3-bet all-in for 25,000 from the cutoff seat. Another normal player on the button 4-bet to 50,000 out of his 150,000 stack and then the action folded around to the initial raiser (who has K-K). After some thought, he went all-in. Read More