re: Poker & online table position
Mr. Brunson describes a game of poker most have never seen. He is talking about deep stack no limit poker. His stragtegy does not apply to the no limit games we all play. Of course some of it still does, but not that particular statement.
Acting last gives you an infomational advantage. How much, well that's for you to decide. Let's say always acting last is a 3% advantage. Acting last takes all marginal situations and gives you the edge, as most of the time you can only exploit a 3-5% advantage. This small edge over time will add to your winnings in a huge way.
However, in the game he describes, there is no limit on the buy-in. So, one can always re buy for more chips than your largest opponents stack. THis is absolutely key. If it is true no limit poker, meaning no limit on bets, raises adn BUY-INS, I can agree with Mr. Brunson's statement.
In Las Vegas, Binions spreads a REAL no limit game. It has 1-2 blinds, but folks will regularly buy in for 20,000 dollars. It plays a lot differently.