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One way of thinking about the note issue is to just ask yourself, what information (besides HUD statistics) would you like to know about a player?
Well, pre-flop, you'd like to know what various actions mean. What's his raising range? His 3-betting range? 4-betting? Does he ever limp-re-raise? With what? Does he ever limp or check a big hand?
So, every time he raises, limp-re-raises, or re-raises, and you find out later what he had, take a note. If he had a big hand pre-flop and DIDN'T raise, make a note. Note what position he was in and the size of the raise (in no limit) as well. (Some players vary the size of their raises and that can be a tell.)
Post-flop, we are mostly interested in what his betting patterns will tell you about the strength of his hand.
So every time a player gets caught bluffing, take a note with as much information as you can-- position, players in the pot, pre-flop action, what he actually had (semi-bluff or stone cold bluff?). Every time a player calls a bluff, take a similar note.
When a player has a big hand, how does the player bet it. Again, take down as much information as you can whenever a player shows down a big hand. Did the player slow play? Wait a street? Check-raise? Ram and jam?
When a player plays like a fish and calls another player who obviously had a big hand, take that down-- that can come in handy for value betting.
Other things you want to know:
How does a player play top pair top kicker?
How does a player play top pair no kicker?
How often does the player fire continuation bets after pre-flop raises? How often does the player do this when missing the flop (evidenced either by a lost showdown or a later fold)?
Take notes on bet sizing too-- what does a pot-sized bet signify for this player? A more than pot-sized bet? 2/3 of the pot? 1/2 the pot? Does the player ever experiment with more unusual bet sizes, such as min-raises, 1/4-pot bets, or ridiculous shoves?
Timing tells are important as well. When the player hits the time bank, take a note. See if you can figure out what the player was doing. Hollywooding? Making a difficult decision with a draw or an iffy hand.
Speaking of draws, how does the player bet draws? Lots of semi-bluffs? Take them down. Check-call, take it down. Does the player bluff missed draws? Does the player represent straights and flushes that he doesn't have?
There's a million more things, of course. But the idea is that if it's information that could be useful to you later, take it down.
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