Generally, I'm not a big proponent of the idea that you should try to think one "level" higher than your opponent, as is advocated in a lot of NLHE poker books, including a chapter called "Multiple Level Thinking" in No Limit Hold 'em: Theory and Practice by David Sklansky and Ed Miller. Game theory takes care of this because it solves for the infinite-level. It cannot be out-thought; there is no higher level. Anyway, I had an interesting hand this week in which I ended up needing to think one level higher than my opponent. This is unusual. It only came up because my opponent and I have a rich history of hands against each other and because I made a weak play at one point in the hand that my opponent attempted to exploit. In fact, this opponent is the same player I named "X" in an earlier post, "Raising as a Bluff." Player X is a very good player. I know he has been paying special attention to my game for the past year, and he seems to pride himself on acting on his reads. I play a relatively predictable style; he knows this, and I know he knows this.
The reason my strategy is relatively predictable is that I usually try to play close to "optimally" in a game-theoretical sense. I don't go as far out of my way as most players do to mix up my play. If I truly played optimally, my strategy would not be exploitable (by definition), but, in practice, my play has many deviations from optimal, but intentional and (mostly) unintentional. One play I like to make that's probably not optimal is to make a small blocking bet when I'm out of position on the river and my opponent is likely to successfully bluff me out of the pot if I check. Once in a while I will make this same play with the near nuts. This makes it very expensive for my opponent to raise me as a bluff, and most people will just call me unless they have the nuts. I don't think player X has ever seen me make this type of blocking bet with the nuts, though. I know he has seen me do it a few times with medium-strong hands that cannot stand a raise.
On to the hand in question: Player X had about $1700 and I had him covered. I raised in early position with AsQh to $30 and got two callers, including player X.
Flop($100 pot): QcJh6c. I bet $65, X called.
Turn($230 pot): 4c. I checked, X bet $120, I called.
River($470 pot): 6h. I bet $160. My intention here is to force a cheap showdown. In my mind, X cannot be sure I didn't flop a set or two pair and then make a full house on the river. This should make it very dangerous for X to raise me here if he just has a flush. In truth, I probably would have bet a set on the turn even though the flush came in, but how could Player X be sure of this?
After I bet, player X says, "Really, Keith?" He thinks for 30 seconds and then raises to $660. My plan was to fold to a raise, but I stop to consider the circumstances. I have to call $500 more to win a pot that will be almost $1800 all told. If there's a 28% chance that X is bluffing, a call is profitable. I thought back over my play and realized that it was highly unlikely I would have a full house on the river here. Player X knows I couldn't have a hand like Q6 because I don't raise with that preflop, and he knows that if I had a set, I would have bet out on the turn. This means that my blocking bet was very transparently weak. My range here doesn't really include anything to scare my opponent. The truth is that he realized this before I did, and he had the guts to capitalize on it. However, I still had a chance to rectify the situation. I just had to think one level beyond X. When he raised me to $500, he could not have expected me to call. If he had a flush, he would have raised less or just called. I've seen him bluff with small pocket pairs before, and that is what I kind of expected him to have. I called and he showed me Td9d, a broken straight draw.
It occurs to me that most of my posts about hands involve my explaining how clever I was. Let me just acknowledge at this point that this is a result of severe selection bias. It's more fun for me to write about such hands, and I imagine it's more fun for you to read about them.
Poker stories and analysis from a former Las Vegas- and Los Angeles-based professional poker player.
Sunday, September 19, 2010
Tuesday, September 07, 2010
Slow Days at the Bike
I changed my schedule; I still work four days, but now I work Mondays instead of Tuesdays in order to accommodate Calvin's daycare schedule. Yesterday, the $500 NL game never got started. This was the first time I've worked on a Monday since February, but this has never happened that I can remember on any day other than maybe once on Friday, which is always slow. Also, on Friday, the game didn't start until 6:45pm, 15 minutes before I go home. I've been playing Hi-Lo Stud (down about $500) and some $300-$500 buyin no-limit (up about $600). They did have a list for the $500NL game yesterday, and there were two $300-500 games going. Supposedly a lot of the regular players are at the Commerce for a holdem tournament series. I do hope the game kicks back up again soon, since I think it's the most profitable for me. Also, they might lay me off otherwise!
Meanwhile, people have been talking about the murder of a $20K jackpot winner on his way home from Hawaiian Gardens late Thursday or Friday night. The story is that the victim fought back against the thief and was hit by a car driven by the thief's accomplice. His girlfriend apparently escaped unharmed. There was some speculation at the casino that the girlfriend may have set him up.
This sort of thing is, of course, unfortunate, and for me it's also rather scary. I personally leave all but a few hundred of my cash at the casino each day, but I'm not sure a thief would realize I did this. It's not hard to recognize me as one of the regular players in the $500 NL game, and it might seem reasonable to assume I carry my entire bankroll with me. Indeed, I think there are a few people who do this. Unfortunately, this must make us all very tempting targets.
Meanwhile, people have been talking about the murder of a $20K jackpot winner on his way home from Hawaiian Gardens late Thursday or Friday night. The story is that the victim fought back against the thief and was hit by a car driven by the thief's accomplice. His girlfriend apparently escaped unharmed. There was some speculation at the casino that the girlfriend may have set him up.
This sort of thing is, of course, unfortunate, and for me it's also rather scary. I personally leave all but a few hundred of my cash at the casino each day, but I'm not sure a thief would realize I did this. It's not hard to recognize me as one of the regular players in the $500 NL game, and it might seem reasonable to assume I carry my entire bankroll with me. Indeed, I think there are a few people who do this. Unfortunately, this must make us all very tempting targets.
Labels:
Bike,
Casino,
Commerce,
Hawaiian Gardens,
Life Update,
story
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