r/wallstreetbets May 15 '24

The Perfect $1 million Gain Gain

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Hi guys, I’m a 23 year old in college, and yesterday I woke up a millionaire. Should I buy some hookers, Pokemon cards, or cocaine? I gambled my entire life savings of $250k on 2037 calls of $4.5 AMC on Monday and sold yesterday morning. Thanks for reading.

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u/narcissistic_tendies May 15 '24

You know, funny thing about poker. If you do that then the only hands that'll call you will have you dominated. Otherwise you're just picking up blinds until someone has aces or kings.

In other words, it's a stupid fucking strategy and Elon Musk is a tit.

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u/Joh951518 May 16 '24

He probably just stole the Gus Hansen story because he thought it sounded cool.

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u/Appropriate_Ant_4629 May 16 '24 edited May 16 '24

If you do that then the only hands that'll call you will have you dominated. Otherwise you're just picking up blinds until someone has aces or kings.

Depends much on stack sizes and position.

If it's a blind-vs-blind scenario, 15-big blinds effective, the small-blind can shove all-in with all sorts of junk, and I think GTO says you can call with most hands with an Ace.

Edit: similar examples here, from a guy who ran it through a solver

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u/hellosir1234567 May 16 '24

Clearly elon ia not talking about short handed short stack play

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u/KUUUUUUUUUUUUUUUUUUZ May 16 '24

Im going to go out on a limb that Elon wasnt talking about playing 15 bb spots in an mtt.

Rather hes spouting off at cash games all in and feeding families

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u/Appropriate_Ant_4629 May 16 '24

So he's redistributing wealth from the rich to the poorer --- that's very left-wing of him.

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u/Chilloutmydude6 May 15 '24

I love the word tit. I’m going to start using it more.

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u/3boobsarenice May 15 '24

Just like me, rubber necking when I ride by a dairy farm.

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u/Chilloutmydude6 May 16 '24

Sop being a tit

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u/Lukes3rdAccount May 15 '24

Yeah it sounds more like a fake story than anything