Continuation Betting

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Choose the right time for Continuation Betting

Jon 'Pearljammed' Turner

September 17th, 2008

Continuation betting has become so common in No-Limit Hold 'em tournaments that many players no longer give it any respect. They will often call your bet on the flop, whether or not they actually have anything, just to see what you'll do on the turn. Because continuation bets have lost so much value, you should be wary of making this bet if you don't have much of a hand, and, even if you do have a hand, you should occasionally check behind just to mix up your play.

When deciding whether or not you should follow up a preflop raise with a bet on the flop, you should consider a variety of factors, including the texture of the flop, the number of players involved in the hand and the tendencies of those players, but here I want to talk about how your use of the continuation bet needs to change as a tournament progresses.

In the early stages of a tournament, you should be much more willing to make a continuation bet on the flop because you generally won't be risking as high a percentage of your chip stack as you will in later rounds. Losing an extra 80 chips when the blinds are 10/20 and you have 3,000 isn't going to hurt you all that much. You should be especially willing to make this bet after flopping a set or top two pair because in these situations you really want to build a pot.

However, if you flop a medium-strength hand like top pair with an average kicker you need to employ much more caution. Let's say you raise before the flop with J-10 suited, and the flop comes J-7-3. If your opponent checks to you, you should also check. You don't want to build a big pot in this situation because your opponent could easily have K-J or Q-J, just the sort of hands weaker players like to play early on in tournaments.

Checking behind your opponent will also disguise the strength of your hand, allowing you to extract value from it on later streets. If your opponent has a medium pocket pair like 6s or 10s and you check behind on a J-7-3 flop, you're more likely to get a call out of him if you bet the turn and, if a scare card hits the board, you can simply check behind once again.

Another advantage of checking behind your opponent after flopping top pair is that in the future it will allow you to check behind on flops that don't connect with your hand without giving away the fact that you're weak. Doing this will also keep the pot small enough that you won't feel committed to it if your opponent plays back at you on the turn.

If you do make a continuation bet on the flop in this situation and your opponent check-raises you and you call and he bets the turn, you've helped build a large pot when all you have is a medium-strength hand. Calling your opponent down could cost you half your stack, if not more, and the only hand you can really beat is a total bluff.

The way you should play this hand will change after the antes have come into play in the latter stages of the tournament. If you've flopped top pair with J-10, you're up against a single opponent, and you have less than 25 big blinds in your chip stack, you're going to want to follow up your preflop aggression with a bet on the flop for two reasons.

First, you don't want to give a free card to somebody who might be holding a hand like A-Q or K-Q. Second, some players will think you're making a continuation bet with nothing, and if they've got a medium pocket pair they might check-raise you all-in, giving you an excellent chance to double up. Just remember that if you're going to make a continuation bet in this spot, you have to be willing to go all the way with your hand because your bet is going to commit you to the pot.

In general, the further along you get in a tournament the more caution you need to use when making a continuation bet, but even in the early stages you want to be careful because many players will try to bluff you off your hand with a large check-raise. Checking the flop will allow you to avoid this trap and, if you have a medium-strength hand like top pair, often proves to be a more profitable play in the long run.

158

Saving Chips in HORSE

Chip Jett

September 4th, 2008

The $50,000 HORSE tournament at the World Series of Poker is one of the most prestigious events in all of poker, but the structure does not allow room for mistakes. Typically, over 80 percent of the field is still alive halfway through the second day, but none of those players have enough chips to play more than two big hands. Everyone is in danger of going broke. In fact, it’s the same in nearly every HORSE tournament I’ve ever played in, which means it’s crucial that you never waste a single bet.

In no-limit tournaments a few players usually break out from the pack and acquire huge chip leads early on. The blinds and antes only become an issue for them towards the very end of the tournament, but that almost never happens in HORSE tournaments because you’re playing limit poker. The blinds and antes are an issue the entire time so saving chips whenever you can is vital.

In a HORSE tournament it’s particularly important to hold on to your chips in the Stud games because there’s an extra round of betting compared to the flop games, Hold ’em and Omaha. That’s why I think it’s best to play conservatively on Third Street in the Stud games.

For example, let’s say you have A-2 in the hole and a 5 up in Razz. This is one of the best starting hands you can have in Razz so you should definitely open for a raise. But a player showing a 6 re-raises you. For him to reraise you, it’s almost 99 percent certain he has two wheel cards in the hole. He has a very good starting hand, but, of course, your hand is still better.

If this were a cash game, you would want to re-raise him. However, in a HORSE tournament you should just call because you’re only a small favorite at this point in the hand. Not re-raising here is kind of like staying away from coin flip situations in No-Limit Hold ‘em tournaments. You’re avoiding a situation where you’re not a huge favorite. In a HORSE tournament you don’t want to push too hard when you only have a slight advantage.

If you put in three bets on Third Street and get two or more callers, pots odds are going to force you to stay in the hand no matter what you catch on Fourth Street. Playing this way, you might win a big pot, but you might also lose one. You simply can’t afford to play this way in a HORSE tournament because losing one or two such hands can cost you your entire stack.

I’d recommend seeing what falls on Fourth Street before committing any more of your chips because you will have a much better idea where you are at in the hand. If you and your opponent both catch good cards on Fourth Street, you become a much bigger favorite to win the hand than you were on Third Street. Now instead of being just a 52 percent favorite you might be as much as a 65 percent favorite, and you can start raising and re-raising to protect that advantage.

If you catch a bad card on Fourth Street, it will be much easier to muck your cards if you didn’t put in three or four bets on Third Street. For example, if you catch a jack and your opponent catches a 4, you’re going to be happy you didn’t cap the betting on Third Street because now you’re behind in the hand.

Another advantage to just calling a reraise on Third Street with the best hand is deception. If you and your opponent both catch good cards on Fourth Street your opponent is going to think he still has the better hand. You are in effect slowplaying your hand, and it could pay off handsomely because the size of the bets has now doubled.

Because every player in a HORSE tournament is just one or two hands away from going broke, it’s extremely important to save your chips whenever you can. Playing more conservatively on Third Street during the Stud games is a great way to accomplish this.

159

Coin Flips

Ben Roberts

September 10th, 2008

Whether or not you decide to get into a coin flip situation in poker really depends upon what type of game you're playing. I'm far more likely to take on one of these challenges when I'm playing in a cash game than when I'm playing in a tournament, and I'm also more likely to do so when I'm playing in a live game as opposed to online.

If you're playing in a cash game, getting into a 50-50 race can occasionally produce greater results beyond simply winning the hand. If you win a race, you can often expect your opponent to become a worse player almost immediately after the hand is over. This will give you the opportunity to take even more money from him over the course of the next several hours. Therefore, I'm more willing to get into a coin flip situation with players who have less control over their emotions after losing a big hand this way.

Conversely, if my opponent wins the hand, he's not going to get rewarded as much since I'm not going to play any differently after losing a big hand in this manner. Although winning is extremely important to me, I believe people put too high a premium on winning in the short-term, for example, over the course of a session or two. When they fail to win, they become possessed with a sense of shame and depression, but I believe poker is supposed to be a journey of joy and fun.

Beyond my opponent's demeanor, one of the biggest factors in deciding whether or not I'm willing to get into a race is the amount of money I've invested in the hand. If I've already put some money into the pot and I'm sure it's a 50-50 situation, then no matter how much my opponent raises he won't be able to get rid of me. If I folded, I would be literally throwing away the money I already put in there, and I'm not in the habit of doing that.

Here's an example of a coin flip situation after the flop. Let's say you have A-K of clubs, and the flop comes 9-8-2 with two clubs. Because you have two overcards and a flush draw, this is a nice spot to go on the offensive if somebody makes a bet. If your opponent has made top pair with a hand like 10-9, it's about a 50-50 situation, but you have plenty of outs to justify your aggression.

However, if you raise and your opponent comes over the top of you, you have to suspect that he has a set and you can no longer depend on a king or an ace being an out. At this point, all you have is flush draw and it's no longer a coin flip situation. Unless you're both deep-stacked and think your opponent will pay you off if you do hit your flush, you should back off and wait for a better situation. But don't lose your initiative and remember to keep playing aggressively.

Now let's turn it around. The flop is the same, but now you have pocket jacks and your opponent is the one who has two overcards and a flush draw. You bet, and your opponent raises. How you proceed really depends upon what sort of player you're up against.

Because of situations like this one, I prefer live games to online games. I tend to make more accurate decisions in live games. Most of the time I can get a read on my opponent, and I can capitalize on that. If I feel like he only has two overcards because he just called my raise before the flop, I'll call and see what the turn brings. But if I raised before the flop and he reraised me, then I'll throw my jacks away because he could very well have a bigger pair than mine.

My rationale completely changes in a tournament. In the latter stages of a tournament your chips are worth more than they were at the beginning so your first concern should be protecting them, which often means avoiding coin flip situations. After the money bubble bursts, you get financially rewarded whenever a player gets knocked out so quite often the smartest move is to avoid getting into coin flip situations and waiting for a better spot.

Like many aspects of poker, the decision of whether or not to get into a coin flip situation depends on a variety of factors, the most important of which are the type of game you're playing and the demeanor of the opponent you're playing against.

Panthers stun Chargers 26-24 as time expires

SAN DIEGO (AP)—Jake Delhomme came back with a jolt that the San Diego Chargers won’t soon forget.

Delhomme threw a 14-yard touchdown pass to tight end Dante Rosaraio as time expired to lift the Carolina Panthers to a shocking 26-24 win over the Chargers on Sunday.

It was a heart-stopping capper to a game that swung wildly with a big defensive play by each team in the second half.

After Philip Rivers rallied San Diego with his third TD pass of the game, Delhomme moved the Panthers to the San Diego 14-yard line with 2 seconds left before calling his final timeout.

Delhomme dropped back on fourth down, scrambled and then found Rosario in the back of the end zone to give Carolina a 25-24 lead. Carolina coach John Fox raised his arms and clenched his fists as the offensive players mobbed each other between the goal posts and the stands.

John Kasay, who had four field goals, added the extra point to set the final score.

Delhomme returned after missing all but three games last season with an elbow injury that required reconstructive surgery.

He was 8-of-11 for 68 yards on the final drive.

LETS GO PANTHERS!!! WE JUST SHOWED THE WORLD!!!