medium · Poker Theory Foundations

Why does a perfectly balanced GTO strategy lose money in a typical 5%-capped raked game against another perfect opponent?

1. Because GTO is designed only for heads-up play and fails at six-max tables. (under this line) (under this line)
2. Because GTO doesn't account for the 'cap' and over-defends in small pots.
3. Because the game is negative-sum after rake, and two perfect players split the house's extraction.
4. Because perfect opponents will exploit GTO's lack of aggression.

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