Example 1:
Thinking opposition opens a wide
range (we'll say 30% of holdings) and we are on the
button. We have 3 ways of exploiting this player:
1. 3-bet for value
2. 3-bet as a
bluff
3.
call and
exploit postflop
We
don't have many
reads on this player but we can safely assume that like most players, he is going to
fold his
open to 3-bets an exploitably large amount.
So as an example within the example, lets say our hand is 98s. What is the optimal play in a vaccum?
Hard to say. Since we think our friend is going to
fold a ton to 3-bets, it is highly likely that 3-betting is optimal, due to a high amount of preflop
fold equity. However, 98s is a great hand postflop, and can continue on a very high %age of flops, so we are also certain that its profitable to coldcall with. So do we 3-bet or
call? Probably 3-bet if we feel that given gameflow he's gonna
fold 85% of time.
However, even if he folds a massive amount of the time, the best play for our entire
range is to
call.
In this situation our ranges are subdivided as follows:
A = {
QQ+ AK}. These are hands we'd be glad to
stack off with, and should 3-bet for value and get it in.
B = {55-
JJ, AJ-AQ, KQ,
suited broadways,
suited connectors, some 22-44}. These hands aren't comfortable stacking off and are certainly profitable to coldcall.
C = {22-44, gappers,
offsuit aces/broadways}. These are hands that are slightly too weak/unplayable to
call, and we elect to 3-bet these as bluffs/semibluffs.
D = {the rest}. Have almost no value and we
fold.