I would imagine that with enough data you could calculate how long to wait before actually looking at your real cards to decide what to do next. At that point you could probably calculate your odds of winning if you keep playing your "fake hand" versus the odds of winning if you play your "actual hand" and then choose the best option.
What if you could somehow invert the problem of poker, and have, through enough mined data, a table of, given the current game situation, i.e. the best of prior players, etc, what hands you *could* have and what hands they *could* have, and then you could just choose the hand that you want to be playing as if you have at any moment.
Like, if, given the current game state, it's equally likely that you have hand A, B, or C, and if having A is most likely to win you the most money, then play like you have A, until that option is either not possible anymore, or is worse than having B or C (assuming they're still possible). Then switch to B or C when it's the best strategy.
I can't be the first person to have thought of this. Is there software out there that will do this for you?