Tournament Strategies
After receiving pocket cards, you are immediately faced with a choice: play your cards and either raise or call the blinds, or fold.
After receiving pocket cards, you are immediately faced with a choice: play your cards and either raise or call the blinds, or fold.
This should show you the importance of fold equity. If you only have a 6BB stack, you probably have much less fold equity than before, which means the push will not be as profitable. However, if your opponents fold even a tiny bit, you profit more than enough to make up for when they call. Your hand can go from a huge winner if your opponent limp-folds often to a huge loser if he always limp-calls. It is not uncommon to see a player with a skewed limping range. Get to know your opponents and take advantage of them.
Your equation should change slightly with multiple limpers, but generally push a ton if the initial limper is loose and fold if he’s tight. The second caller will often show up with a small pair in this situation, so shy away from pushing 100 percent of hands, but tend more to push hands like J-7, which are flipping against small pairs. Assume the first limper calls 30 percent of the time with a top 10-percent hand and the second limper calls 30 percent with exactly 6-6, 5-5, 4-4, 3-3 and 2-2. You are pushing the same 10BB stack for an expected profit of 0.4(5.5) + 0.3[0.31(23) - 10] + 0.3[0.43(23) - 10] = 1.31BBs. Notice that the second player’s range doesn’t actually matter because when you get all the money in, there are 3BBs extra in the pot from the blinds and antes, which gives you enough pot odds, seeing as you have 43-percent equity against the small pairs.