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Playing Draws -- Good or Bad??

  
 
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Monty9
Old 07-19-2006, 12:23 PM     Post subject: Playing Draws -- Good or Bad?? #1 (permalink)  
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Join Date: Aug 2005
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Monty9
Hello,

Started playing Limit again over the weekend and did quite well conidering I usually suck at limit. It was 6 max, fyi.

I read the stickies and some posts and found them very helpful.

The one thing I couldn't find though is how to play draws. I am talking about 4 to the flush or OESDs.

I understand that hand strengths are different in 6 max and that connectors don't hold up as well but I found myself in drawing situations quite a bit and wasn't sure how to proceed.

In NL I am used to either calling for cheap ( pot odds ) or betting out ( semi bluffing ). Here in limit the odds seem to always be there for check calling down to the river. Is this profitable?

Or is at least calling the FLOP but not the Turn and River the way to go.

Or bet them as a semi bluff.

I know limit is alot about manipulating the pot size but it seems to me that you could almost give yourself the right odds by building the pot.

I know this may be to vague a question as circumstances are different for each table etc.

All help is apprieciated,
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Demiparadigm
Old 07-23-2006, 07:13 AM #2 (permalink)  
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Join Date: Feb 2005
Location: Party 6 max
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Demiparadigm
Playing draws is complicated. It has a lot to do with your position, the number of players and how you expect the betting action to go.
You need to understand how often you will make your hand, and what percentage of hte money that you are putting into the pot (pot equity)
For example; with the nut flush draw and a 4 player pot, on the flop you want to get as many bets as possible into the pot. You will make your hand about a third of the time and you are putting in a quarter of the money. Therefore each bet you put in has positive expectation. On the turn, things change. You will now make your hand one fifth of the time, so check calling may be better than betting or raising.
Typically you always have pot odds to call down with any flush or open ended straight draw.

Good Luck.
To win in poker you only need to be one step ahead of your opponents. Two steps may be detrimental.
 
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Xanadu
Old 07-23-2006, 05:03 PM #3 (permalink)  
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Join Date: May 2005
Location: st. paul, MO
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Xanadu
Another important consideration when playing draws in limit is to protect them at the right time (playing them aggressively to drive out players, even when the draw is not strong enough that a bet or raise is for value). A good example might be a gutshot plus backdoor draw and overcards. Suppose you have QJs in the BB. UTG folds, 2 limpers, Button raises, SB folds, limpers call. The pot is 8SB. The flop comes 982, one of your suit. All check to Button who bets. You're hand is certainly good enough for a call getting 9:1 on a draw worth at least 7 outs. Actually, though, you should raise. There are many hands you would like to fold. If any of the following holdings fold, your pot equity will increase a good bit: any A or K, QJ, QT, Q9, Q8, Q2, J9, J8, J2. You hope to buy outs for your Qs and Js. Here's an example of how it can help: Suppose the button held TT, and the limpers held KQo and A2s. If your raise gets KQo and A2s to fold, you are much more likely to win if you spike a Q or J. I just ran this exact example through poker stove, and If the limpers stay in the hand (which they likely will for 1 bet), your equity is 19.5%. If they both fold (which they likely will for 2 bets), your equity goes way up to 32.4%. This corresponds to a return of 1.16 bets in pot equity for your 1 bet investment. You also gain value on later rounds by not losing bets when you do spike a Q or J and are dominated or an A or K falls.
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