NeutronHim
Pair
This is the sort of question that the average poker player is poor at conceptualizing, and if you want an actionable answer you should really be asking a different (math- or programming) crowd. There are a few interesting considerations I'd like to point out without giving an answer.
1) Dr. Strange's argument regarding bounding the range of +EV straddles and stack depths is very relevant. I too would pay 1.01BB for a straddle at 100BB.
2) In games where equity runs close, every additional bit of info on a future street is huge. Pot limit games increase button edge further. Eg playing DBBP against a nit who pots it into 8 players OTF and always just has top set, and when we have many draws its easy to flat and then play against a condensed range on draw completing runouts.
3) This means that against a table that often makes small bets <50% pot in NLH, it's easily +EV to button straddle. Also in games where pots often go multiway, straddling becomes even better because you get even *more* info on each street.
I think this covers a LOT of live poker. At private punty home games, doubling the stakes is basically always +EV. At fishy casinos where there is a decent amount of depth where players are just cold calling a 5-straddle open, button straddling is probably +EV. If players are somewhat decent at the game (most pots are HU) or the game is 100BB deep, you might consider not button straddling.
1) Dr. Strange's argument regarding bounding the range of +EV straddles and stack depths is very relevant. I too would pay 1.01BB for a straddle at 100BB.
2) In games where equity runs close, every additional bit of info on a future street is huge. Pot limit games increase button edge further. Eg playing DBBP against a nit who pots it into 8 players OTF and always just has top set, and when we have many draws its easy to flat and then play against a condensed range on draw completing runouts.
3) This means that against a table that often makes small bets <50% pot in NLH, it's easily +EV to button straddle. Also in games where pots often go multiway, straddling becomes even better because you get even *more* info on each street.
I think this covers a LOT of live poker. At private punty home games, doubling the stakes is basically always +EV. At fishy casinos where there is a decent amount of depth where players are just cold calling a 5-straddle open, button straddling is probably +EV. If players are somewhat decent at the game (most pots are HU) or the game is 100BB deep, you might consider not button straddling.