Jimmy Cayne, former Bear CEO who is chiefly responsible for their recent troubles, played avidly in the NYC poker scene for many years. He is apparently a really good bridge player too.
Pud's Poker
· 1 year ago
Going all-in does work according to Sklansky in Advanced Tournament play or whatever his book was called, where he named it "The System".Have you ever tried it because I've never had the inclination to!
AKQJ10
· 1 year ago
@Pud's:
Going all-in also worked for the banks for an impressively long run. The metaphor really holds, because what they were doing was really a huge bluff premised on the notion that they would never get called.
Sklansky's suggestion, later pick up on by the authors of Kill Phil I believe, makes a lot of sense because he's assuming a NLHE neophyte who would get slaughtered trying to "play poker". So there really isn't time to implement a more nuanced strategy. Like Bear Stearns, the girl he mentions in the book got away with it for a while. I forget whether she deviated from "The System" or whether she ran into aces.
All Comments
Going all-in also worked for the banks for an impressively long run. The metaphor really holds, because what they were doing was really a huge bluff premised on the notion that they would never get called.
Sklansky's suggestion, later pick up on by the authors of Kill Phil I believe, makes a lot of sense because he's assuming a NLHE neophyte who would get slaughtered trying to "play poker". So there really isn't time to implement a more nuanced strategy. Like Bear Stearns, the girl he mentions in the book got away with it for a while. I forget whether she deviated from "The System" or whether she ran into aces.