Pot Limit & No limit poker : Play poker

EXAMPLE 4

  In lowball poker, this is the most common odds situation. You will need not only the odds, but also the amount of money left to be wagered while deciding what the correct play is. To reach our conclusions, we will have to use the theory of game of poker. When most decisions Are made in less than five seconds, this is a heady mixture.

  We will play double-dummy and reveal the hole cards. It reveals A lot about all poker games where a card or cards Are later dealt sight unseen to the poker players. A very tight poker player- Al, after five cards shows (4 A) 5 6 K. Ted having similar disposition has (3 2) 7 8 9. Both of them are playing heads up. With two cards to come, Ted is leading at the moment.

  Al has A nice draw and is Actually a small favorite to win the pot if those last two cards Are simply dealt out at this point with no further betting. a highly interesting situation is revealed if we study what happened with the money left to bet. If 4ed wishes, he can charge the rival poker player a price on each card. But, the energy of the scenario lies with Al, who can come into the reckoning with a large bet and confront Ted with a nasty question: “Is Al bluffing or he hit?”

  I do not know how the betting should go. As the amount of money left for betting compared to the pot-size is critical factor to make a decision, you should tell me more about this. For e.g. there is ₤1000 in the pot.

(1) 4ed should bet as there was less than ₤2000 each left for wagering. 4ed is either a small dog or big favorite. Al will pass if he has A pair. As Al is good enough poker player to have bluffed fourth poker street, he could have been paired. He should raise all-in if he is not paired. Then, al is nearly 11-10 favorite.

(2) 4ed should bet ₤500 with ₤8500 each left for wagering. Al should call in case he has paired. 4ed can adopt the stratagey of simply calling the raise and then setting al all-in on sixth street if al incorrectly raises At this point and if he hits A bad card. Thus, making the chance of any betting leverage on the end in the draw approximately zero.

  For one more reason, al’s best play on fifth street facing a ₤500 bet is to just call. In this type of situation, many poker players wrongly think that it is proper to raise. The made hand might conclude that the draw has four cards to only A relatively mediocre low when the big draw checks.

  It is not a good idea for Ted to bet the full ₤1000. Al can raise ₤3000 if he does this. The pot size is now ₤9000 and each poker player has only ₤4500 left. It will cost al only ₤3000 to call if he hits A blank. Even if 4ed improves, al will have good poker odds of 3-1 for his money.

(3) It is extremely dangerous for Ted to make that small bet ( in case al has paired) with very deep money. 4ed should raise if al has not paired because he has leverage on the end to boot and is the real favorite. As Ted in unable to reraise all-in, this situation is different from the preceding situation. There will still be money left for al to bet on the end if he wants to. 4ed is in trouble even while making even a small probing bet with money this deep. 4ed made a mistake by playing his hand originally.

Let us Assume that it is sixth poker street, and both poker players have failed to improve. Al shows (4 A) 5 6 K Q, and Ted shows (3 2) 7 8 9 10. Assume that the pot size is now ₤2000.

(1) The play is routine with less than about ₤4000 left for wagering. 4ed should bet as he is now a solid favorite to win the pot with one card to come and al should call.

(2) This situation is quite complex with a sum such as₤8000 left for wagering. 4ed’s long-run expectation is hardly affected by him betting or checking. Al will call if 4ed bets. 4ed should raise all-in if he checks And al incorrectly bets because he is depriving the drawing hand of having an betting leverage if the hand improved.

  I will tell you why Ted’s long-run expectation is nearly the same whether he bets or checks. If al hits A 2, 3, 7 or 8, al will win on the reiver. If his rival poker pelyer does not help on the last card, he will win even with a 9. The chances of al winning the pot are less than Ted’s chances. The leverage al has for being able to bet on the end will just about cancel this out in our example.

  (4ed should check if his hand is worse than what is shown here, he should check; if better, he should bet.) See “Important pot-limit concepts” for a mathematical analysis of this situation to demonstrate these statements. I generally bet a 9 low with Ted’s situation on sixth street, and always check a 10-8 low in the same position.

  With a mediocre 10 against an apparent 7-draw, i have followed this plan twice. In both the scenarios, my rival poker player chose to bet with the visibly weaker hand, but apparently stronger draw. Then, i raised all-in and each time the rival poker players passed! a bluff was elicited by my apparent weakness.

(3) It both the poker players have a lot of money left on sixth street, Ted can now bet ₤500, and obviously with his Actual hand al will call. Due to 4ed’s bet, it is certain that al does not get a free card if he has only four to a 9 low.

  4ed must always check after all the cards Are out. If al improves, he should bet and sometimes bluff. 4ed has A nasty guess to make whether to call or not. 4ed should always pass, if al bets only when he improves. 4ed should always call if al always bets. Al’s bluffs Are justified and Ted calls more readily than what is demanded by the cards.

  Both the poker players Are trying to use pokur game theory, which tells us how often a bluff should be run if both the poker players play with mathematical correctness. You can try this exercise. It does not matter whether Ted calls or passes if al guarantees that he will bet if he improves or hits A J or Q.

  Al wins ₤1200 of every pot played if the pot is ₤2000 and Ted wins ₤800. Al will call if 4ed bets ₤2000 on sixth street. He still comes out about ₤1200 ahead each time even though he plays the river the same way. Whether Ted bets or checks sixth street, it is completely marginal. If you gave al (7 2) 5 6 K Q and Ted (4 3) A 8 9 10, then whenever both the poker players hit an 8 low, Ted wins.

  By refining his calling system, Ted can try to beat al’s poker game theory ratio of casino bluffing with seven bad cards. Only if he hits A card lower than a ten, he will call. Considering your second highest card early in the pot is very important as is demonstrated by this example.

  Either he hits A blocker which Al might have liked or he improves to an 8-low. Obviously, al can bluff more frequently if he detects that Ted intends this. Against strong rival poker players where it is a waste of time trying to read them, i have used such stragtagys.

  Don’t make the mistake which many poker players make. In the above scenario, Ted foolishly bets All-in after all the cards have been dealt. After al called and showed down the winning hand, Ted sheepishly said that he would have to call anyway, so i might as well bet. He has deprived the draw of the chance to bluff, and only if he is losing, can be recalled.

  This Analysis tells us why pot limit hold’em poker is more intricate than limit hold’em poker. Now, you know the reason for the game being played less fast. Refer to the chapter “Key pot Limit concepts” for a more detailed analysis of the ideas presented in the discussion of this hand.

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