Originally Posted by x2486
So if 2:1 is too high, do you think he'd take the bet at even money? What odds do you think would be right? What if the other player was Daniel Negreanu? I think it would mess with his head if he couldn't come close to putting Ivey on a hand.
I'm too lazy to do math... but last line got me thinking.
Does having "an edge" necessarily make poker a skill game?
I mean, if I talk you into flipping a (biased) coin for dollars then I've got an edge. But once we start flipping... there's no skill involved.
It seems like, the most basic skills (most important elements) of poker are: estimating your equity and deciding whether or not to bet. If you have two or more players who are actively estimating their equity and deciding when/how much to bet THEN you have a skill game.
But if we go with the hypothetical game (OP), eliminate Rule #1, and change Rule #4 to: First to act must bet/fold... then Phil is really just flipping a biased coin.
I haven't had any coffee....