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Playing Defense
I think one of the important aspect of NLHE that isn't discussed too often is playing defense. Once you learn the basics of the game (i.e. tight play is winning play, bet your good hands strong), I'd say defense is the main way you improve your profitability (this is also strongly inertwined with reading hands).
What do I mean by playing defense? It means you try to keep your losses to a minimum, so you bet to limit pot odds when you have a hand and muck as soon as you can when you don't or your instincts tell you you're beat. It means whenever you don't have the nuts, you realize that it's possible you're beat. If you're at a full table, you don't reraise PF with AK or QQ-TT. If you have top pair and there's a lot of action from two or more players, you fold. If you have JAs, limp and then call a PF raise, and hit top pair on the flop, you gotta be aware of kicker trouble (hitting the A) or an overpair (hitting the J), and you probably shouldn't bet, certainly shouldn't raise, and should be very wary of calling a big bet unless you have a read. If you can't get away from that hand in a raised pot when you hit TP, time after time you're going to be shown AK, AQ, and QQ-AA and lose a lot or all of your stack.
On the other hand, if you have QQ and raise pf and get called by one very tight player caller who know never makes big bluffs, and the flop comes 3 rags and you bet the pot and then the rock comes over the top big, you put him on AA, KK, or a set and muck. If you have QQ or JJ preflop and there's a raise, reraise, and then an all-in in front of you, you automatically ditch it. Even if you have KK in that situation you might want to muck because of the strong likelihood someone has AA.
Other situations where defense is important: When you have any top-pair without a strong kicker (especially in a raised pot), trips with a poor kicker in an unraised pot, a straight with a flush draw out, a flush with the board paired, a 7-high flush, etc. In the first two cases, frequently the only times you'll get called is if someone has you beat or puts you on a bluff, so you are often better off just check/calling it down trying to snap off a bluff or thin value bet if you are out of position. I will sometimes even give a free card in position as well to minimize my losses if I'm beat and give someone the chance to make a second best hand, though I'll usually bet to protect my hand in LP if there's any possible draw. In the latter two cases, when you have a very good hand but not the nuts, you have to be wary of calling big bets, and if you bet on the river in a small pot and are raised when you have such a hand, you just call.
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