easy · Poker Theory Foundations
What is the 'Sunk-Cost Fallacy' in the context of a No-Limit Hold'em betting round?
- Failing to bet for value because you are afraid of losing the chips you already won in the session.
- Incorrectly calculating the amount of rake the house will take from the final pot.
- The belief that you are 'committed' to a pot because of chips you invested on previous streets.
- The mathematical requirement to call when the pot is very large relative to your remaining stack.
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