There is no difference between tournament poker and cash games? I beg to differ. In a tournament, I'm not going to risk my entire stack as a marginal favourite unless I absolute have to while in a cash game I'm happy to do it. Like I said earlier, tournament poker is all about conserving chips and trying to survive. Cash games are all about making money. In a cash game I'm more than happy to get all my money in when I'm a 51% favourite since I will show a profit in the long run. In a tournament I may not be so willing to do so because there is a 49% chance that I will bust out.

To bring it all back to the original hand, I'm willing to give up $2 PF (while getting 3.5 to 1 on my money, I might add) because I don't care about conserving my chips. It's a loose call, I know that. But tight isn't always right, my friend.