|
The Pot Size Philosophy
Big pots and big bets are for big hands.
I used to have a small problem with this statement. I never quite understood it. I would see players in the IRC creating these huge pots and stacking opponents with TPTK (a not-so big hand). I would also see hands in which players would pot-control with a set (which was, in my eyes at the time, a big hand). Aren't we supposed to be winning smaller pots with the TPTK? Why aren't we inflating the pot with our set?
Well, as I continued studying poker, I learned that this statement is extremely villain dependent. There are opponents that we can three-barrel with TPTK and still be ahead of their range (since they are passive stations). On the other hand, we may see a very passive villain who has never showed any signs of aggression lead the flop out of position and choose to manipulate the size of the pot into being smaller by just calling him down instead of raising with our small set.
Here, our TPTK was a big hand against villain's three-barrel calling range while our set was a hand that we couldn't raise for value.
"Big hands" in this statement is not talking about our absolute hand strength. When judging whether or not or hand is "big," we must take board texture, villain's tendencies, stack sizes, etc. into consideration. We must factor all this into our judgment call.
I just wanted to make one more note: please plan your hands. Constantly examining stack and bet sizes is a good way to start and learn to plan your hands. I've seen many players make a bet/raise on the flop without thinking how the turn's pot and stack sizes will look like. They are caught on the turn with no idea how much to bet because they forgot to think about what the turn stacks and pot may look like and only thought "I'm going to raise 3x their flop bet."
The Pot Size Philosophy - An Example
In this section, we go over a scenario of the pot-size philosophy. You won't understand what the fuck I'm talking about if you don't read the book, so read the book.
When I first read this a year or so ago, I remember wondering why the hell we were only considering villain's pocket aces, ace-king, and other hands. What about his other hands? I had a problem with wanting to "slowplay" my sets to not blow villain off his hand. I was scared to bet my set. I was scared to raise my set. He folds so much and it annoyed me when he simply folded to my set. I felt I was able to make more money simply playing my sets deceivingly. However, I'd always be caught at the river with a small pot and my dick in my hand.
Trying to play our set passively here is wrong for a number of reasons. I will only cover one reason for the sake of staying on topic. By checking my set here, I was basically trying to get value out of villain's random stuff that MAY bet or that MAY call me later on the turn (remember, he may not even bet or call our turn bet). However, I should have been focused on villain's pocket aces and ace-king type hands (as Sklansky told me!). Why though? This is villain's calling range. We are looking to get value from villain's aces, ace-king, flush draws, middle pairs, etc. Nothing else matters. We're not getting value (we're obviously focused on getting value) from his folding range here so don't worry about that. Assign villain a calling range and bet accordingly. EASY GAME.
I won't go into how to build this pot here. However, I do want to point something out. In this example, we are out of position trying to build a pot and hopefully stack out opponent. Sklansky points out that it will be difficult to do so without an overbet or a villain raise. Additionally, since we are out of position, we tend to check to our opponent so he can bet (and then we play accordingly). But sometimes villain checks back, we miss a street of value, and getting villain's stack becomes even MORE difficult. Manipulating the pot-size and trying to make it large is quite difficult out of position (in fact, this is an argument against set-mining out of position).
Now flip it and have us call with 55 on the button. I shouldn't have to explain why creating a large pot here is a lot easier...and I won't. This is why calling to set-mine in position is SO MUCH greater than doing so out of position.
Implied Odds
I see a lot of players complaining about Sklansky focusing on the implied odds we're GIVING our opponents rather than the implied odds that we're receiving (if I understood the complaints correctly). Maybe it's a valid complaint but I believe a lot of you guys are missing the point. This is an introduction to implied odds and he has used math to introduce it. He argues that making a bigger preflop open will cut down villain's implied odds to a point where it becomes unprofitable. If you want to relate this to something that is more talked about on FTR, we can relate this to calling a three-bet with a pocket pair looking to set mine (which a lot of bad players do). There is a point where it becomes unprofitable, especially with incomplete information. Additionally, we can punish players that like to, say, limp/call pocket pairs preflop by raising huge. We cut into their implied odds and make it less profitable for them to call. You don't HAVE to do the standard "4x+1" for preflop sizing. Play with preflop sizing...make it bigger against the fish that you know are set-mining. However, when they're limp/calling with pocket pairs, we want to make sure that we don't...
Justify Their Optimistic Calls
See what I did there? This was my favorite section this week. Imagine a scenario where we are against a player that plays his draws passively. We bet the flop and the turn to get value out of his draw. We bet-size correctly to make it a mistake for villain to call. Villain may know that he is mistakenly calling at the moment, but he may believe that he can get value from us if the river completes his flush. The flush card comes in on the river and villain leads the river. We have a set that we just CAN'T fold (ZOMG, IT'S A SET!) even though we put him on a flush draw throughout the entire hand. We talk ourselves into making the call since MAYBE he plays his [insert worse hand here] like this. Crap, he has a flush. We review this hand later, do some math, and see that his call on the turn was +EV since he was able to get a lot of money out of us on the river.
We just justified his call. This is done a lot and scenarios like the one above happen all the time. To be totally honest, this scenario is a sign of me tilting and talking myself into shitty calls. For others, this kind of scenario is a regular part of their play. We're flushing money away, we're not allowing villain to make mistakes by justifying their calls, and we're making a mistake ourself.
Remember, if we make a good flop and turn bet and the flush card comes in, folding to villain's river lead when the flush card comes in makes HIS flop and turn CALL a mistake. When he makes mistakes, we profit. By folding, we played our hand perfectly via the Fundamental Theory of Poker. BAM BAM BAM...folding has made us money.
Disclaimer: Please don't fold to every river lead you see. I am merely coming up with an example.
Originally Posted by Vinland
Implied odds:
I also liked this section. I have adjusted my calling range vs nits in many situations. If a nit in UTG raises and hes playing 8/5/.5 I dont call w/ a mid/low PP hoping to set mine b/c he will only pay me off w/ AA and KK (if no Ace shows up on board) They fold too much to make set mining profitable. But if its a 8/5/6 type player then yes, I call w/ proper odds (I try for 10-1 as bare minimum but like more)
I just wanted to make a quick point about this. I personally believe your thinking here is flawed. Please remember that our implied odds is contingent on a number of things. One of these things is villain's range. With an ubernit raising UTG, his range is extremely strong. We can safely put villain on premium hands. We can assume that he would probably bet the flop and may possibly even go all-in many of these flops with his premium holdings. With all this information, we can definitely call our pocket pairs to setmine. He will pay us off a lot since his range is so strong.
This scenario also relates to Sklansky's idea of us knowing the nature of villain's hand and being able to setmine profitably. As I explained, we know that villain has a range of only premium hands. This makes our pocket pairs that much more profitable. As a matter of fact, we can call with a wide range of speculative hands looking to bust his premium hands since his range is so small. Notice that the profitability of calling with speculative hands goes down as villain's range becomes wider and more disguised. For example, the profitability of calling with pocket pairs OTB against an UTG 26/20 is a lower than calling in position against an UTG 8/6. Since the 26/20's range is not as strong, he probably won't be paying us off as much as the 8/6 (with the premium hands in his range). In T&P, Sklansky explains why imperfect information costs us EV when making speculative calls.
|