Boise Mike

Obsessively overanalyzing everything—mostly poker hands and life decisions. Probably 3-betting while debating if I left the stove on.

[Boise Mike @IFeltedYou]

I think poker is one of the clearest real-world laboratories for studying behavioral finance and decision-making under uncertainty. The same biases show up in investing, business, negotiations, and everyday life.

[Boise Mike @IFeltedYou]

@JonathanLittle Why all the hate in this thread? Sure, 20 hours is a tiny sample, but making a healthy income at 1/3 is absolutely possible in the right games.

For what it’s worth, I averaged >$70/hour playing 1/3 and 1/2 over a 700-hour sample over the last three years.

[Boise Mike @IFeltedYou]

@mbradycf @DougPolkVids Call is okay sometimes, but I’d mostly shove. Depends on their 3-bet range and how they play post-flop OOP.

[Boise Mike @IFeltedYou]

@Barry_Carter

[Boise Mike @IFeltedYou]

@scott_seiver @padspoker Solid point ☝️

[Boise Mike @IFeltedYou]

@padspoker This might be the worst ruling I’ve ever heard and it’s caught and confirmed on video.

[Boise Mike @IFeltedYou]

@Inquisitio12 @askaya I can relate ☝️ 🍻

[Boise Mike @IFeltedYou]

@Alice_MiaX If this is your definition of “falling off a cliff,” I assume you don’t have much experience in the market.

[Boise Mike @IFeltedYou]

@clintmartian @WSOP The results sucked. Results aside, I suppose this is one of the only things that makes Big O an “okay” game: folks overvalue their naked nut-low draw way way too often.

[Boise Mike @IFeltedYou]

One of the biggest lessons poker has taught me is that how you handle your losses is just as important as how you handle your wins. You can’t control every outcome, but you can control your attitude.

So why not take it on the chin, keep moving forward, and carry on with a smile?

[Boise Mike @IFeltedYou]

@JonathanLittle

[Boise Mike @IFeltedYou]

@JonathanLittle Depends on rake structure and effective stack depth. I find that deep-stacked cash regs at 2/5 and 5/10 massively over do it on 3-bets, 4-bets, and 5-bets. Many also clearly don’t understand the concept of chip EV in time-raked games.

[Boise Mike @IFeltedYou]

@amit32883 That’s probably pretty average.

[Boise Mike @IFeltedYou]

@cblezbets We try to be detached, doesn’t always work. 🤣

[Boise Mike @IFeltedYou]

@iqrafatma1278 I think I’d prefer the Japanese culture—no tipping.

When I was younger, I was taught 15% was a standard tip. Then it turned into 18% and now I’m seeing 20% and even 25%. Food prices have also increased a ton. Are they trying to make the same hourly as CPAs and JDs?

[Boise Mike @IFeltedYou]

@Amo4sho The tax portion is very misunderstood.

A cash player earning a steady $150k/yr for 20 years and a tourney player with the same lifetime EV do not end up in the same place after taxes.

Tourney players likely pay more lifetime taxes because of the high variability of wins/losses.

[Boise Mike @IFeltedYou]

@Amo4sho Tournament players often confuse “more mistakes” with “more profit.”

WSOP fields are incredibly soft, but variance, top-heavy payouts, fees, taxes, and shallow-stack play all matter. Measured as EV relative to bankroll required for a low RoR, cash>tournaments.

[Boise Mike @IFeltedYou]

@wazzo11 This thread is too good, wish you’d delete it. 😉

[Boise Mike @IFeltedYou]

@amit32883 Give me the whole WSOP time period and I could do it in cash, albeit with a small probability of success.

[Boise Mike @IFeltedYou]

@AdamHendrix10 In other words, optimize for the highest risk-adjusted win rate within a reasonable risk-of-ruin for your bankroll. Risk-Adjusted Win Rate = Win Rate ÷ Standard Deviation