You should have read and participated in
Exercise 1 (link),
Exercise 2 (link), and
Exercise 3 (link) before participating in this one.
In Exercise 3 we looked at how when you are exploiting someone's play you open yourself up to being exploited. This always happens when you are playing exploitatively, and is part of the paper-rock-scissors nature of exploitation and adjustments in poker. Thankfully 99%+ of the people you will play at 100nl and lower won't be counter-adjusting. In Exercise 3, you adjusted to how the button was likely to play the flop by continuation betting the flop with a wide range of hands that missed. You saw that he could very easily counter-adjust by raising the flop, but the point is that he rarely will. Even when he does adjust, he will hardly ever be adjusting enough for you to need to counter-adjust in return.
This sets up a really simple formula for beating the crap out of micro and small stakes. It's seriously like playing paper-rock-scissors with someone for money who always plays rock or always plays paper or always plays scissors. Find tendencies of your opponents, play your range in a way that exploits these tendencies to some degree, and count the money as it piles up in your account.
Today's exercise is based around this. I'm going to list some really common situations and give you fill-in-the-blank questions to answer. Sometimes there will be more than one right answer.
1. If someone folds to flop continuation bets a whole lot, you can adjust by __________ more.
2. If someone calls the flop continuation bets too a whole lot and folds to a turn continuation bet a whole lot, you can adjust by __________ more.
3. If someone folds their blinds pre-flop a whole lot, you can adjust by __________ more.
4. If someone raises flop continuation bets a lot, you can adjust by __________ more and __________ less.
5. If someone calls down multiple streets with any piece, you can adjust by __________ more and __________ less.
6. If someone open-raises a very wide range pre-flop and doesn't 4-bet a wide range, you can adjust by __________ more.
7. If someone open-raises a very tight range pre-flop, you can adjust by __________ more.
8. If someone continuation bets the flop a lot of the time, you can adjust by __________ more.