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In this hand - when the flop comes I think I am ahead almost always and am ready to conditionally commit my entire stack. I have $1.83 behind and the pot is already $0.41 - that's only 4.5 times the pot, meaning that two pot sized bets will see us go all in.
When I say conditionally I mean that there is a straight draw on the board. My plan for the hand is this: Put in a big bet on the flop (so straight draws cannot profitably call) - if a card that completes a likely straight comes on turn and/or river I will play pot control. Otherwise I will assume I am ahead and look to get my entire stack in the middle.
On the flop MP1 bets $0.06 into $0.41. This is called a weak lead and can mean many things. One of the things it can mean is that he's on a drawing hand and he's hoping by setting his price here he may get others to call instead of bet and get cheap cards to improve his hand.
One way to handle the weak lead is to simple pretend that he checked and bet as if he hadn't bet. For me, that would be a pot sized bet. Note that with a straight draw on the board I am keen to price out the draw, thus increasing the size that I would prefer to bet. However, the more important thing here is that I have decided I am a favourite in this hand as long as the straight on the board does not complete - so I am looking to get all in before the straight completes - pot sized bet on flop and pot sized bet on turn will basically put me all in.
For reference I will also mention how to determine a raise size if you choose to raise the bet. If a pot is $0.40 and you bet $0.40 (a pot sized bet) you are telling your opponent to call $0.40 for a chance to win $0.80. This is often mentioned as pot sized bets lay 2 to 1 odds. People tend to get into bet sizes between 1/2 pot and pot (with both 2/3 and 3/4 being popular), but to keep the maths simple I'll concentrate here on pot sized bets that lay 2 to 1 odds.
When the opponent bets $0.06 into the $0.41 pot how much should you raise if you your raise to be a pot sized bet? This is calculated in a stop and go fashion - first we assume that you have a call, see what the pot becomes and then raise what the pot has become. Your call portion is $0.06 making an interim pot of $0.53. You make a pot sized bet into the interim pot of $0.53. Now we blend it together - The pot is $0.41, the bet is $0.06 and you raise it $0.53 to $0.59. That's a pot sized bet. A simple way to calculate which raise size is a pot sized bet is to take the bet size, multiply by 3 and add the size of the pot. ($0.06 * 3 + $0.41).
Now, if we ignore the small bet as a check or decide for whatever other reason to raise to $0.41 and get one caller, the pot will be $1.23 and you will have $1.42 behind. If you then on the turn bet $1.42 into $1.23 this will seem like a bit of an overbet, which can be a bit intimidating.
An option could be on the flop to pretend the small bet is an actual bet and take it into consideration when you size your flop raise. I'd only have bet pot, but since you already bet into it I guess I need to bet, like $0.50 for a similar effect! The 'overbet' on the pot is (imo) slightly less threatening because it is in part justified by the bet. If you raise to $0.50, the turn will see a pot of $1.41 and $1.33 behind - perfect for an all in. Also $0.5 is a perfect 'lazy' bet size, which hopefully shouldn't cause too much alarm.
On the turn - I'm looking to get the money in while my hand is most likely the best hand - I'd bet.
The river completes a flush, a 98, K9 and AK straight - but the opponent could have missed those straights and flushes and be thrilled he just made his pair of tens. He thinks you're weak but might call him with a 7 or 3 if he's lucky...
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