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From Easy Game, discussing taking down dead money and protection as they relate to betting. BalugaWhale says taking down dead money is a valid but rare reason to bet while protection is not a reason to bet, but rather a consequence of betting.
"Let’s say our hand is red QQ on a Q♠T♠9♣ board. We bet for value—there are many worse hands that will call or raise us. The fact that we’re charging draws and “protecting” is nice, but it’s hardly the original motivation for our bet. Now let’s say we hold 6♥6♦ on a Q♥9♥3♣ board. We can bet there to collect dead money, but we’re hardly “protecting.” Most draws are either 50/50 against us or are a significant favorite (A♥J♥ comes to mind). The moral of the story is that when we have a set of Queens, our hand needs protection, but it needs value first and foremost. When we have a pair of sixes, our hand doesn’t really need protection because it’s not very strong. All we have is a pair of sixes. It seems pretty dumb to protect ourselves from A♥J♥ when A♥J♥ is a favorite over us. Instead, we might bet 66 on the Q♥9♥3♣ board as a thin bluff (against hands like 77 or 88) or for thin value (against a hand like A♥4♥), but mostly to collect dead money against a hand like A♣T♣ that will fold its 6-outer on the flop." Easy Game, p.8
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