by Aisthesis » Wed Mar 19, 2008 12:31 am
Ok, another simplified game that hopefully gets us closer.
Now SB can only raise to 8 or fold. To the raise, BB can fold, call or push.
Again the lowball version seems easier, although the equations may get a bit uglier on this one.
Let's again suppose SB raises on [0,x].
Now it costs BB 6 to call for a pot of 10 on a win. So, BB needs to win 3/8 of the time to justify a call. So, BB at least calls on [0, (5/8)*x].
When does BB value shove? Here it costs BB 22 to win 10. So, BB needs to win a bit more than 2/3 of the time. Let's just call it 3/4 for simplicity's sake. That means a value shove is [0,x/4].
On the shove, SB has to pay 16 to win 32. So, SB has to win 1/3 of the time to call.
That means BB has to bluff once for every 2 value shoves.
So, we have the following values for BB:
BB value shoves [0,x/4], calls [x/4, (5/8)*x], bluff shoves [(5/8)*x,(3/4)*x].
SB calls the shove on [0,x/4].
Now let's solve for x by calculating SB's EV in terms of x and then maximizing:
1) SB has [0,x/4]
BB has [0,x/4]. Wash, but SB loses only 23 and wins 25. So, SB makes a profit of 1/24 here.
BB has [x/4,(5/8)*x]. SB wins 9.
BB bluffs [(5/8)*x,(3/4)*x]. SB wins 25.
BB folds [(3/4)*x,1]. SB wins 3.
EV here is x/96 + (27/8)*x + (25/8)*x + 3*(1-((3/4)*x). The x/96 is hardly going to matter. So, I'm going to leave that part out. We get (52/8)*x + 3 - (9/4)*x = 3 + (52/8)*x - (18/8)*x = 3 + (70/8)*x = 3 + (35/4)*x.
2) SB has [x/4, (5/8)*x].
BB has [0,x/4]. SB loses 7.
BB has [x/4,(5/8)*x]. Wash, but SB loses 7 and wins 9 for a 1/8 gain.
BB bluffs [(5/8)*x,(3/4)*x]. SB loses 7.
BB folds [(3/4)*x,1]. SB wins 3.
EV is -(7/4)*x + (3/64)*x - (7/8)*x + 3*(1-(3/4)*x) = 3 - (112/64)*x + (3/64)*x - (56/64)*x - (144/64)*x = 3 - (299/64)*x. Let's just call this 3 - (37/8)*x.
3) SB has [(5/8)*x,x]
BB has [0,x/4]. SB loses 7.
BB has [x/4,(5/8)*x]. SB loses 7.
BB bluffs [(5/8)*x,(3/4)*x]. SB loses 7.
BB folds [(3/4)*x,1]. SB wins 3.
EV is -(7/4)*x - (21/8)*x - (7/8)*x + 3*(1-(3/4)*x) = 3 - (14/8)*x - (21/8)*x - (7/8)*x - (18/8)*x = 3 - (15/2)*x.
Now for the total EV:
In equation 1 we multiply by x/4. In 2 by (3/8)*x, and in 3 by (3/8)*x. For max, we can just multiply all of that by 8.
So, I get:
1) 2*x*(3 + (35/4)*x) = 6*x + (35/2)*x^2
2) 3*x*(3 - (37/8)*x) = 9*x - (111/8)*x^2
3) 3*x*(3 - (15/2)*x) = 9*x - (45/2)*x^2.
So, we want to maximize this on the interval [0,1]:
24*x - 5*x^2 - (111/8)*x^2 = 24*x - (151/8)*x^2.
Setting the derivative at 0:
0 = 24 - (151/4)*x
(151/4)*x = 24
x = 96/151.
Wow! That's a LOT of raising! There's so much addition and subtraction in here that I could easily have messed something up, but that would mean that raising almost top 2/3 is correct for SB here.
Even if we round way down to 1/2, it would look like this:
SB raises top 1/2 (tighter than optimal). BB value shoves roughly top 10%. BB calls on other top 30%. BB bluff shoves 30-35%.