A model for real poker with an upper bound of assets
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This paper considers a continuous model of two-person poker, where the maximal amount of betB is assumed and the player who acts first chooses the amount of bet in the game. We analyze a model, in which the range of the amount of bet β is a finite interval [0,B], 0≤B<+∞, to obtain a saddle point of the payoff function as a pair of optimal strategies among mixed strategies. We compare our results with those of Karlin and Restrepo and those of Newman.
Key WordsTwo-person zero-sum poker games minimax optimal solutions size of bet bluffing strategies
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