Lee Jones: Wynn gets it right by eliminating straddles

Lee Jones
Lee Jones
Posted on: September 5, 2024 03:32 PDT

If you don't play live cash poker, this scenario may be foreign to you. But if you've ever sat in a mid-stakes cash game in a major market poker room, you've experienced the following...

Let's say you're in a $2/$5 NLH cash game. The stacks are mostly between $500 and $1k, and maybe once per orbit, there's a $10 straddle put out. It's a fine poker game. But then a couple of rec players leave, replaced by regulars. Not 15 minutes later, one of them says, "How about a round of $10 straddles?"

If you're a regular live cash player, you know where this is going. The ones who want to straddle will cajole or embarrass the others into doing it (peer pressure didn't end in junior high school). The straddle will go around, and then the guy who started the whole thing will put it out again when it comes back around. The next thing you know, you're sitting in a $2/5/10 game – twice as big as you'd originally planned.

The problem – creeping stakes inflation

I was playing at the Bellagio one evening during this past WSOP,  and was seated at a $5/$10 NLH table. "They've got the $20 straddle on all the time," said the dealer as I sat down. That's fine. I had been watching this table (among others) and knew that the $20 straddle was "mandatory" at this table. I was comfortable playing at those stakes, though I certainly appreciated the dealer giving me a heads-up. If I had not been comfortable playing an effectively $5/$10/$20 game, I could have refused the seat or asked for a table change.