CC Grade 1 Flashcards
What hand qualities and situation make it mandatory to bluff barrel the turn? (i.e. when is EV of checking a lot worse than EV of betting?)
-No Showdown Value
-Nut potential
-Out of Position
e.g. SB vs BB.
hero has 8h7h
AsJs5d SB b33, c.
6h SB ? MANDATORY BLUFF
What are the two things that matter most when determining whether your hand must be value bet, can’t be value bet, or is optional to value bet,
Urgency
Landing equity- since equity drops lower as bet size gets bigger, we need to know how much landing equity we need for each bet size to be able to value bet for that size.
What happens to your equity after a villain calls a bet? Aka, how does your landing equity on a given street compare to your finishing equity on that street.
It goes down since they shed bad hands from their range by folding.
Bigger sizings make villain shed more hands so equity drop is larger.
What is minimum landing equity for value betting wet turn w/ 33% pot, 75%pot, or 150%pot?
B33- 55%
B75- 65%
B150- 75%
(10-15% less than value betting Dry Turn or River)
What is minimum landing equity for value betting dry turn or river w/ 33% pot, 75%pot, or 150%pot?
B33- 65-70%
B75- 75-80%
B150- 85-90%
(10-15% more than value betting on Wet Turn)
On turn do we need a lot of equity to value bet?
No, e.g. normally B33- 55% minimum
but don’t even need 50% especially if OOP
(equity denial and implied odds in play)
On river do we need a lot of equity to value bet?
Yes, we need more since pure equity now! More strict since:
No equity denial
No more implied odds
On wet turns (where hand is ahead more often than our equity suggests), can you value bet with higher or lower landing equity compared to dry turns or rivers (where hand is way ahead or way behind)?
On wet boards, you can value bet with lower landing equity.
Do we need more or less equity to value bet IP compared to OOP?
IP needs a little more equity to value bet due to risk of re-opening the action
OOP needs less equity to value bet since checking doesn’t close action
When must you value bet?
- When hand is strong enough to pick a certain bet size
AND - Urgency is HIGH
e.g. BB vs BU (Ad2d)
flop: Jh4h2s X-B33-C
turn: 2c X-?
-landing equity is 94%
-board is way ahead/way behind spot except for flush draws, need to be more strict on how much equity we need to value bet
-Monster equity w/ MUST BET (chooses B150, B33 only close in EV bc solver raises a lot but people don’t
-Finishing equity is 91%
When is it optional to value bet?
- Hand is strong enough to pick a certain bet size
AND - Urgency is LOW
e.g. BB vs BU (KcTc)
flop: Ks7d6d X-B33-C
turn: 3d X-?
-landing equity of 67% is not enough for B75 on dry turn/river
-villain having lots of 20-30% equity hands (draws and pair+ draws) is misleadingly lowering our equity.
-Higher equity than seems hand qualifies for B75
-spot not urgent though so optional
-hand not seeking to build huge pot or win massive amount
When is it forbidden to value bet? aka mandatory to check?
- Hand is not strong enough to pick a certain bet size
OR - You are not building a betting range using a sizing small enough to value bet your hand.
e.g. BB vs BU (KcTc)
flop: Ks7d6d X-B33-C
turn: 3d X-?
-betting w/ 77 turns equity from 56% to 47% after BB calls.
B33 is mistake of 1.3%, B75 is huge blunder of 10.7%!!!!!
Is denying equity (aka protection) to live hands your opponent has to fold a sufficient reason for betting?
No, denying equity is a useful bonus but not sufficient reason for betting.
Denial comes in handy when fold equity you get by betting is largely useful to you.
You don’t “bet for protection”
You bet for value with a BONUS OF DENIAL.
You bluff with a BONUS OF DENIAL.
Denial can be a SWING FACTOR.
Denying equity to hands that are already losing only wins you a little against those hands.
When you risk that bet to make those hands fold, you lose extra to hands that beat you.
MAKE SURE BET HAS HIGHER PURPOSE (Value or Bluff)
e.g. BB vs BU (9h9s)
flop: 8h5c5s X-B33-C
turn: 2d X-B75
-9h9s bets due to landing equity but benefits from overcards folding too
e.g. BB vs BU (Kc6c)
flop: KhQc4s X-B33-C
turn: 5s X-X
-Kc6c does not rly deny equity in a useful way, flush draws you get value from since their equity is poor,
-hands you deny equity to are stuff like gutshots, pocket pairs
What is draw obsession syndrome?
Obsessing over draws getting there and betting to “price someone out.”
Draws are supposed to call from villain a large amount w/ draws due to implied odds, etc., don’t have to bloat pot for when they do!
e.g. BB vs BU (AsAh)
flop: 8c7cs6s X-?
-Solver checks but EV bet and EV check very close
-Only have 53% equity vs. hand like QcTc, so urgency not high when villain has this hand. Better draws def not folding too
How can denial be a swing factor?
Can turn a thin value hand which prefers to check in a dry (way ahead/ way behind situation) to a bet on a wetter texture (more villain hands are just draws & behind)
Bluffing aims to do what?
Bluffing aims to get villain to frequently fold hands with very high equity against your hand.
When we’re bluffing, which is more useful? Getting very useful fold equity or denial
Fold equity is much more useful than that gained by denial.
Unlike when value betting, downside is we lose when called.
What are the four types of bets?
Value- 0-10% ish average equity folded by villain to your bet
Value/Denial- 10-35% ish
Bluffing/Denial- 35-65% ish
Bluffing- 65-100% ish
What two key factors determine whether you:
a) cannot bluff
b) it’s optional to bluff
c) you must bluff
-Showdown Value (is EV of checking high or low?)
-World Favorability (EV of range. e.g. massively ahead, IP, nut advantage etc.) fold equity will go up
Most common factor that makes bluffing a mistake?
When hand is performing too well by checking for betting to be as good, even if we fold out better hands.
Risk of bluffing should be rejected when checking is highly profitable.
What is an unfavorable situation for bluffing?
When opponent has range advantage, fold equity is lower.
Only choose bluffs that have either :
-Some nutted redraw (on the turn)
-Positive blocker effects (on the river)
Especially bad to bluff when villain has range advantage and positional advantage, they will be slightly underfolding compared to the expected amount of fold equity.
Are turn probe opportunities favorable? (should OOP bet after X-X on flop)
Turn probe opportunities are usually UNFAVORABLE for OOP and demand a selective bluffing strategy since preflop raiser retains an advantage when he checks behind on the flop.
When is it optional to bluff?
-Not in unfavorable world
AND
-Do not have too much SDV to bluff
Spots that are very often optional bluffs when you hold both air hands or draws are:
a) Cbetting the Turn (double barreling)
b) Delayed Cbetting (bluff more than double barrel, favorable world, optional since bet now, or wait til river)
c) Probing the Turn on a very low/connected board
(more favourable than most turn probe opportunities)
can wait til river to bluff
d) Betting the flop where your range is stronger than villain but not massively
e) Triple Barreling on the River
When is it mandatory to bluff?
When you are in a FAVORABLE SITUATION for your range on the river and have NO SDV you MUST BLUFF
1) You retain your preflop range advantage all the way through the hand either because you haven’t bet yet or due to a very good runout.
2) You call a bet on an earlier street then Villain checks the turn giving you a range advantage
rarer spots:
3) cbetting flop w/ huge range advantage and no SDV
4) being OOP w/ promising draw that has zero SDV
5) double barrelling a very good turn card for your range again with no SDV but some sort of nut potential
most other juicy looking spots are optional- exploitative factors aside
What factors influence relative hand strength?
Range Filtering
Texture
Configuration
What are the two types of range filtering?
Polarizing- when a range contracts by removing some of its more middling hands by taking a more aggressive action than it could have
Condensing- when a range contracts by removing some of its strongest and weakest hands by taking a more passive action than it could have.
Is it good or bad to bet for thin value against a polar range?
Bad to bet for thin value, polar range does not have many middling hands you beat that will call. Villain only hands that cannot call and hands that beat you!
If you’re ahead, your better hands can get value by villains weak hands bluffing!
Do we use a small or large bet sizing against a condensed range?
Use large sizing since villain is capped. Even though bigger bets result in lower finishing equity, w/ a polarized range we have sufficient landing equity and won’t isolate ourselves against too strong of a continuing range.
Do we slowplay against a condensed range?
Avoid slowplaying against condensed range, as they skew towards calling as form of investment and will check back more.
What is a merged range?
Merged ranges have not been polarized either by player’s action or board texture.
A lot of MEDIUM HANDS at high concentration NATURALLY but also some strong & weak.
What is the cannon rule? i.e. what ranges do you fire a large sizing at?
Fire large sizing for value and as bluff against merged or condensed ranges
On dry textures, what will the BB caller’s range type be on:
a) dry low boards
b) dry high boards
What sizing does BU use as a result?
Merged on low boards e.g 863r (BB has mediocre pairs)
Polar on higher boards e.g. A73tt (BB either has it or doesn’t, no A-high compared to low boards, hard combinatorically to have a pocket pair)
LARGE SIZE ON DRY LOW FLOPS IP
SMALL SIZE ON DRY BIGGER FLOPS IP
On semi-wet texture e.g. KJ5tt or 972tt what will BB caller’s range type be on:
a) low boards e.g. 972tt
b) high boards e.g. KJ5tt
What sizing does BU use as a result?
Villain is quite merged/ condensed on both high and low flop textures.
Creates a lot of medium strength hands in BB’s range, KJ5tt creates way more second pair and medium strength hands (flush draws and straight draws are actually mediocre)
Deploy LARGER BET with strong hands and various bluffs on SEMI-WET UNPAIRED TEXTURES
On wet texture what will BB callers range type be? (merged, condensed, polar?)
e.g. on Q83sss
What size does BU use as a result?
BB will be polar
BU should prefer smaller bets
e.g. Q83sss exclusively small bets (even 10%pot sometimes). BB has 2 spades (high equity), 1 spade (high equity), or no spade (low equity e.g. J7cc can’t call 10%pot).
In the following hand considering triple barrel after turn overbet, what is the value betting threshold aka what is the weakest hand that can be value bet on river?
e.g. BB vs BU
flop: AdTc3s X-B33-C
turn: 7h X-B150-C
river: 5h X-?
(clean run out)
AK is weakest value bet.
AQ does NOT value bet after overbet as it’s too weak against villain range.
BE AWARE OF HOW YOU FILTER VILLAINS RANGE
RELATIVE HAND STRENGTH IMPORTANT
In the following hand considering triple barrel, what is the value betting threshold aka what is the weakest hand that can be bet on river?
e.g. BB vs BU
flop: AdTc3s X-B33-C
turn: Jc X-B150-C
river: 8c X-?
(messy run out)
KQss (straight) is weakest value bet.
Even AsAh (set) is checked.
RELATIVE HAND STRENGTH IMPORTANT
When turn runout is messy or disastrous, what happens to urgency of good hands?
It goes down and lose urgency to double barrel.
Clean runouts mean villain still condensed, you must barrel.
e.g. BB vs BU
flop: AdTc3s X-B33-C
turn: 6h X-?
Disaster runouts mean villain is more polar now
e.g. BB vs BU
flop: AdTc3s X-B33-C
turn: Td X-?
-Even AK checks mostly mixing some bet. Villain concentrated towards Tx. Let them bluff the river and turn AK into a bluffcatcher.
In tighter configurations is relative hand strength above or below absolute hand strength?
In TIGHTER configurations relative hand strength IS BELOW absolute hand strength?
e.g. UTG vs CO 3b or UTG vs BU 4b or UTG vs BB SRP
look at call/fold thresholds against B33 and see how tighter configurations encourage OOP to fold more since IP has less bluffs to bet naturally
In looser configurations is relative hand strength above or below absolute hand strength?
In LOOSER configurations relative hand strength ABOVE absolute hand strength?
e.g. ranges get wider don’t need as good of a hand to have a relatively powerful holding since BB continues wider.
look at call/fold thresholds against B33 and see how looser configurations encourage OOP to fold less since IP has more bluffs to bet naturally
What is the reason blockers are beneficial when bluffing?
Blocking continue range
aka
Unblocking folding range
Calling hands in open action spots: which is more important required equity or required EV?
Required EV for calling (Required Pot Share) is more important. In open action spots Required Pot Share is amount of EV you need to breakeven by calling.
Required Pot Share can be calculated by asking what % of new pot (after you call) your investment is equal to. Just estimate
What determines required pot share when calling a bet in open action spot?
-Equity is base
-Realizability of equity
-Future fold equity
-Implied Odds
What three factors are always better in position and why?
1) realizability of equity
2) future fold equity
spots can be be higher EV as bluff on later street e.g. when IP calls flop bet and OOP checks turn. Gaining range advantage allows IP to leverage fold equity on later street
3) implied odds-
when calling bet IP, chance to value bet river increasing pot against OOP medium hands. When OOP, river can go check check
OOP is not guaranteed two value bets like IP is
What is the “Don’t Have the Odds” Fallacy?
“Don’t have the odds” fallacy only looks at equity and compare that to our target pot share. Target equity is only same as target pot share in end of action spot.
e.g. BB (KdTd) vs BU
flop: 8s8d6c X-B33-C
turn: Jd X-75-?
-student would say we need 30% to call, then looking at K outs (3) and diamond outs (9) we have 12 outs –> 24% equity.
-This ignores the time that villain has air and sometimes KT is good.
-“We have close to pot share in equity, implied odds, and some chance of winning w/ K-high”
What types of hands have low realizability of equity?
What types of hands have high realizability of equity?
-hands that rely on winning with marginal SDV and lack redraw to powerful hands struggle to realize due to folding
-hands which combine SDV with improvability and/or have nutted outs are going to have higher realizability by continuability
How is BB vs SB different than BB vs BU on exact same flop in terms of pot share facing a 33%pot bet
BB folds more OOP, but when IP folds closer to breakeven point
Why do flimsy hands like pair-draws, backdoor draws, and gutters call flop cbets?
Future fold equity. there is actually enough times that villain does not cbet turn, so don’t focus on just times they barrel.
e.g. BB (Ts9s) vs BU
flop: KhQc4d X-B33-C
turn: x X-X
river: x X-?
-RIVER IS PROFITABLE BLUFF FOR BB w/ range advantage from filtering, now fold equity should be above breakeven point for whatever sizing
-chance to make profitable river bluffs allows flimsy flop calls and lose money when villain barrels. don’t get too carried away though, still consider implied odds and equity
Implied odds hands mostly gain us what amount of the pot when they hit?
Way more than 100% of the pot
e.g. BB (JhTd) vs BU
flop: KhQc4d X-B33-C
turn: 6s X-B75-
river: A or 9 are 212% or 179% respectively (villain bets more on ace)
When you have the nuts, the stronger your opponents range means the more EV you get (set BB vs UTG is higher EV than set BB vs BU)
What two factors affect future fold equity in practice?
1) position
2) opponent type (station or non-station?)
What are some examples of hands with good and bad realizability on board like 975rainbow
on 975r
Good) Pair+draw, even JTss
bad) underpairs, ATo, AQo, KQ,