Originally Posted by Likminutz
So is 12:1 the general rule we use in cash games? Any article or book that explains it?
Thanks in advance.
I can't find the exact article I'm referencing right now, but suffice it to say that different people use different numbers for implied odds. I think Ed Miller says 12:1, Harrington suggests something more like 20:1, ect Its hard to get a real handle on what good set mining odds are. But the bottom line is you want to make as small an investment as possible and you hope you're up against a huge hand.
Hence why when the 63/2 player min-raises from UTG, calling with small pairs = MONIES!!!! However, we don't really have that situation here, and maybe this call isn't a big mistake if both players stack off really light, but even then, we'd probably have to play our hand for its pair value (on flops like 499, ect.) in order for this call to be break even.
This is also the reason that 6-max players usually don't just call button raises with small pairs, because we don't have implied odds. Even though we're calling a 3xbb raise to win 100 bb's or so, a button raiser's range is just so wide that its very rare he'll have something worth playing for stacks with.
So yeah, the math is just there as a guide. In order to set mine you need 2 things:
1) An opponent that likely has a big hand or at least a very strong range.
2) Enough money left behind to make up for the fact that we won't be flopping a set but like 1 time out of 8, and we won't win a stack every time we flop a set.
We have #1 covered in this hand, but #2 I think is lacking.