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Originally Posted by Jezza
Probably the big advantage in having a short stack in a cash game is that the bigger stacked players will call you all in much lighter than they would other players. If a big stack opens to 20 in a 2/4 game on the button with 66 and the short stack moves in for 60 total from the blinds then there is a big chance he will be called by the opener - despite the fact he is either crushed or has a coinflip. Theres no way he would call a reraise all in for 400 total preflop 99% of the time but he will call the shortie....Thus the shortstack can get his money in as a big favourite easier than the large stack. It also removes all tough decisions from the short stack. There is no need for handreading skills playing short really, well only minimal ones. You can just play your cards. You wont be able to be put to tough decisions by the good players, nor will you be able to be priced out of draws probably. If you are at all worried that you are being outplayed at poker in a cash game then this is a very easy way to neutralise that disadvantage.
Of course I completely disagree with playing short in online hold em NL. If you are a winning player at your table you will make more money buying in for as much as you can instead of buying short. However that is a discussion for a different post and I think whats outlined above are probably the major advantages for short players.
Jez
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Jezza is right, although you often find that these short stack pushers are pushing with a lot less than beatable hands, and I will certainly call bets of the size Jezza suggests just for the reason that I'm probably in good or 50/50 shape.
However there is no reason I think for a good player to be buying in short, you are trying to maximise your earnings, not minimize them.