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27 Cards in this Set

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Essentially when facing any bet/raise in poker, it can only be one of two things, which are they?
1. Value bet
Definition: A bet or raise with a hand strong enough that it can target's calls from weaker hands.
2. Bluff
Definition: A bluff is a bet or raise targetted at making the opponent fold his equity share in the pot incorrectly.
In a general strategy targetting NL25-NL100, what should our general strategy be? And what are the biggest leaks on these stakes that our opponents have?
Our general strategy should target value betting, since the biggest leak most players have is calling too much.

Our main job at these stakes should be to find the spots where our opponents are extremely unbalanced, and take advantage of these spots.

Meaning: exploiting leaks.
When we are calling a bet post flop, what are the reasons for calling?
Step 1,
Villain's range <-> Hero sufficient Equity?
Step 2,
Can we profitably raise?
Yes, better now or later? -> Later, Call to slow play
(When most hands that will call a raise will also VB themselves, then often it is better to call to keep his range wide, ask what raising will accomplish? Fold out AIR, fold out the bottom of his VB'ing range, then calling is most likely better.

No, (not ahead of his calling range) -> Call
1. Calling to slow play
2. Calling to bluff catch
3. Calling for value (Villain can VB a worse hand, but we can't raise and get called by worse)
General Strategy,
Whenever it is close it is usually better to be at the top of your calling range then at the bottom of your raising range, especially when a raise represents a very strong range and villain is unlikely to bluff catch wide.
When we are the preflop raiser, and we are on the flop, what should we decide to do when matching up our hand with the board, and our opponent's range?
1. EQUITY
2. Value bet / bluff?

When the answer is value bet, what is the best way to get value from his range?

When the answer is bluff? are we 1 barreling or 3 barreling, and on what kind of run outs?
What are factors relevant for considering checking?
1. SDV (Show down value)
2. FSP (Future street Potential)
3. ROCR (Risk of CR)* checking back
4. Deception (Slow play)
What are factors relevant for considering calling?
1. Equity
2. Value hand
3. FSP (Future Street Potential)
4. PPBC (Potential Profitable Bluff Catch)
5. PPB (Potential Profitable Bluff) -> turning hand into bluff
6. Perceived Range

Sometimes against good hand readers, you can call with a draw you normally couldn't call with, because our perceived calling range will become very strong by calling, and turn our hand into a bluff later, this is a mixture of FSP, PPB, and perceived range.
What are factors relevant for Betting?
1. Villain's Range
2. Equity
3. Value bet -> Equity calls incorrectly
4. Bluff -> Sufficient Fold Equity present (Weak villain range)
What are factors relevant for raising?
1. Villain's range
2. Equity
3. Value / Bluff
4. Perceived Range
What are factors relevant for folding?
1. Villain's range
2. Equity
3. FSP (Future Street Potential)
What is our General Strategy for NL50?
1. Value betting
2. No Bluff catching non-std spots.
3. No Bluffing without Equity
4. Find spots where certain people are extremely unbalanced and exploit that.
What makes bluff catching a bad idea at NL50?
1. Regs follow a value betting strategy themselves.
2. People don't bluff enough at NL50.
3. Good bluff catching requires good hand reading, hand reading is difficult at NL50 because people set up their ranges really poorly.
What are the first 3 steps before we take any decision in poker?
1. Estimate Villain's Range
2. Estimate our Equity
3. Categorize our hand:
Value Hand / Bluffing Hand
What do we do when we are not sure about what the best line is?
1. Take the safe option
2. Mark the hand
3. Analyze later
What do we do when we feel like we are getting annoyed?
1. Inject logic statements
2. Not working? then Quit
When a pot against a fish on Axx goes x/x F, x/x T, fish bet river, and we have a bluff catcher. Should we bluff catch this spot?
No, fish still have wide value betting ranges in these spots.

Also if they wanted to bluff they could have done that earlier.
A lot of times when we are facing a bluff catching spot, we notice something about their sizing, and our gut says this sizing is an obvious value bet, what should we do, and what is it more often than not?
This is almost always a value bet, read the size for what it is saying "Call me" or "Fold your weak range", a lot of times the betsizing means exactly what it's saying.
When we have a value hand, what determines wether we want to x/c or lead ourselves, not being the aggressor?
1. X/c when we expect them to bet a wider range than they call with.
2. Lead when we expect them to call with a wider range than they bet with.

Important factors:
1. Player type
2. Perceived Range
3. Dynamic/History
Isolating fish even OOP with playable hands is good, because?
We have a big post flop edge over them, want to build a bigger pot against them.
What is a line from a fish where he bets low one street, then bets really big the next street most likely? And what is it most certainly NOT?
The most likely mindset is they are betting small to keep you in the pot, then bomb it once they kept you in the pot because they think they have the best hand.

It certainly not is a mindset, being a "tester bet", where they bet low to test your hand strength, and once you just call they think you are weak and try to bluff, because they are NOT thinking about your range.
What is the 10 step approach to analyze a poker hand?
1. Villain's Range
2. Equity
3. Odds
4. FSP (future street potential)
5. IP/OOP
6. VH/BH (Categorizing Hand)
7. Perceived Range
8. Action, Fold/Check/Call/Bet/Raise
9. Bet sizing
10. Range Location (where in our range are we)
What are the 2 most important aspect to get an idea of fast when given someone a complete range, and what are all other factors that decide this?
1. VH combos / BH combos
1.1 Frequencies (slowplays)
1.2 Board texture
1.3 Playertype
1.4 PF positions
1.5 Line
1.6 Notes
1.7 Stats
1.8 Dynamic / History
1.9 Most likely line with; VH, BH, AIR, DRAWS
When in our 9 step approach to analyzing a poker hand, we have decided whether we have a VH or BH, what should we ask ourselves first?
Is it better now, or later? Bluffing/Valuebetting
What are the two most important aspects in regards to the final step in our 9 step analyzing a poker hand approach, which is betsizing?
1. Targetted Approach
2. SPR
How many Broadway combos (suited and off-suit and pairs) are there and how much % of all hands are they?
(TT+, ATs+, ATo+, KTs+, KTo+, QTs+, QTo+, JTs, JTo)
190 combos total (14%)
40 combos suited (3%)
30 combos of pairs (2.3%)
120 combos of off-suit (9%)
if someone has all just all broadway in their range and there is one broadway card on the flop how often do they have 1 pair?
(TT+, ATs+, ATo+, KTs+, KTo+, QTs+, QTo+, JTs, JTo)
on xxK
44% of the time they will have 1 pair (or better... 3 set combos)
When there is ONE broadway card on the flop... how many broadway combos are there total (suited, of-suit,pairs)?
And when there are 2 broadway cards?
171 instead of 190
153 when there are 2
Quite often we are facing a small raise in a spot, and we get the feeling that our opponent is full of it, this can be good against certain people, but against who is it certainly not good (against which player type is it the worst)?
Bad passive players.