Quick Economics Detour

The main idea at play here is that you want to view your opponent, and especially the fish, as customers. So you should make many of your poker decisions in a similar way that a business owner would.

In economic theory there is a concept called “elasticity of demand.”

This refers to what people are willing to pay for a product or service.

When the demand is elastic your sales will fluctuate wildly depending on where you set your price. People can easily find alternatives or they just don’t generally consider your product to be that important to them.

When demand is inelastic however, your sales volume isn’t affected anywhere near as much by the price you set. This is because the customer sees a high value in your product or service and there aren’t any clear alternatives. “Money is no object” as the saying goes.

The same principle applies here in poker. Instead of always going by the book you should ask yourself how much is this customer willing to pay to see the flop. If there is one thing that bad players love to do, it is to see as many flops as possible. They don’t like to fold preflop and are often willing to pay a premium to stay in.

In fact many bad players do not even look at the raise size before finding the call button. They only briefly glance at it to make sure that it is not something ludicrous to them like all in or half a stack. Most of the time in the business world it is a poor decision to charge less than what the customer is willing to pay. And the same principle applies here.

Really bad players at these limits will often be willing to call 10 big blinds to see a flop just as readily as 3 big blinds. I think the biggest reason why this is the case is that the raise amount is always in cents. It’s pocket change to them. There is no difference between 6c and 16c to them. Why would you ever go with the smaller amount if you have one of the best starting hands possible?

So I would recommend making some larger than normal raise sizes with your premium hands (especially AA and KK) and especially when you notice that there are some really bad players left to act. Always remember that this is “no limit” hold’em. You don’t have to adhere to any rules on what to bet. That’s what limit hold’em is for.

There are some great postflop benefits to overraising with premium hands as well. By artificially juicing up the size of the pot you will be working with a much larger than normal pot on the flop. And if you make a bet on the flop and there is a call, you will be dealing with a much bigger pot than normal on the turn and so on.

This is not a bad thing when you have one of the best starting hands possible. It also allows you to much more easily get deep stacks in the middle by the river. Bad players will often feel like they are “pot committed.”

You might be asking yourself this though: Am I not going to be giving away the strength of my hand with my raise size? What if somebody is paying attention to this?

My answer for this is simple. They aren’t. They aren’t paying attention. I have been getting away with these ludicrous raise sizes for years and have even used them countless times in my videos for DragTheBar! Do I think anybody has exploited me in any significant away regarding this? Nope.

And if you have any worries, just mix in a normal raise size every once in awhile to throw them off. I actually do this quite regularly especially if I see that there are only regs left to act. The above suggestions, as is often the case throughout this book are just that, suggestions. You should not do them 100% of the time.

You shouldn’t do anything 100% of the time in poker. You should regularly be thinking about how you might be able to exploit your opponents mistakes however, even if that means doing some wacky things that none of the “experts” advise.

Example:

In MP you have,

You should raise it to 4x = 8c.

Example:

In LP you have,

You should raise it to 3x = 6c.

Example:

In EP you have,

You should raise it to 6x = 12c.

Example:

In EP you have,

You should raise it to 8x = 16c.

Example:

In EP you have,

You should limp.

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