Tournament Strategies
After receiving pocket cards, you are immediately faced with a choice: play your cards and either raise or call the blinds, or fold.
After receiving pocket cards, you are immediately faced with a choice: play your cards and either raise or call the blinds, or fold.
Dean Wiley in his book Understanding Gambling Systems (copyright 1975, p.39, now out of print) in Chapter 3 entitled “Win and Loss Streaks in the Random Process” provides an analysis of streak patterns. In this booklet the author starts with Wiley’s work, adds betting systems and takes it from there. Now, let’s see where Wiley’s work takes us when combined with basic betting systems.
Applying Betting Strategies to Wiley’s Work and Flat Betting As noted in Section 2 above, Dean Wiley provided an analysis of streaks for a 50/50 fair game in a random process that resulted in his Table 8 the first two columns of which are repeated in Table 3-1.