A Closer Look at the AQo Hand

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Since my last post, I’ve had some discussions on the 2+2 forums about that hand. And so I thought I’d take a closer look at the hand. I realized I should be considering the odds on the flop, and not the equity across the whole hand.

Quick recap. I had AQ offsuit, raised from the SB, BB 3-bet, and UTG limp-called. I was getting $15.50 to call into a $48.50 pot. In retrospect, even the ranges I put them on were probably wrong. I stand by the range of 77+, AT+, QJ+ for the BB. But considering the UTG limped, I don’t think he had a high pocket pair. So I’m thinking he’s likely to have 77-JJ, QJ+.

So let’s assume I called, and take look at the various cases of the flop. If I called, the pot on the flop would be $64. Obviously I can’t consider every possibility, but let’s look at the main ones.

Case 1: A flops, with no K
The flop contains an A and no K. If this happens, I’m probably quite confident. This happens (3*43*42*3)/(50*49*48) = 13.82% of the time. I’m only afraid of a set if this happens. I’d be first to act, and I’d bet about $40, for a total investment of $55.50. I think JJ, QQ, KK, AT, AJ would at least call that bet. The other hands in the range are probably going to fold. Let’s assume that all the hands in the ranges are equally likely.

The player in the BB will then call when behind about 30% of the time. 11% of the time I’d be behind. 52% of the time, he’s going to fold, and the other 7% is when he has AQ as well and we tie. UTG will call when behind 18% the time, will be ahead of me 10% of the time, fold 64% of the time, and tie the last 8%.

So, betting action. There are a few cases.

  1. BB calls and UTG folds, and I’m ahead. This happens 30%  * 64% = 19.2% of the time. At this point, I win $64 + $40 + $40 = $144. And I’ve invested $55.50, giving me a profit of $88.50.
  2. BB calls and UTG folds, and I’m behind. This happens 11% * 64% = 7.0% of the time. I win nothing, and lose the $55.50 I’ve invested.
  3. BB folds and UTG calls, and I’m ahead. 52% * 18% = 9.4% of the time. I profit $88.50.
  4. BB folds and UTG calls, I’m behind. 52% * 10% = 5.2%. I lose $55.50
  5. Both call, and I beat both. 30% * 18% = 5.4%. I win $64 + $40 + $40 + $40 = $184, for a profit of $122.50.
  6. Both call, and I lose to at least one. 11% * 18% + 30% * 10% + 11% * 10% = 6.1%. I lose $55.50
  7. Both fold. 64% * 52% =33.3%. I win $104, for a profit of $48.50.

For now, let’s ignore the cases when I tie with one.

So basically, if an A flops, and no K, I have an EV of 0.192 * 88.5 + 0.70 * -55.5 + 0.94 * 88.5 + 5.2 * -55.5 + 5.4 * 122.5 + 6.1 * -55.5 + 33.3 * 48.5 = $37.86.

Case 2: Q flops, with no A or K.
This happens (3 * 42 * 41 * 3) / (50 * 49 * 48) = 13.17% of the time. This is similar to the above, except I’m behind to KK and QQ as well, and I’m probably being called by QJ/QK, instead of AJ/AK. KK, QQ, AA are not hands I put in UTG’s range (he would have open-raised with those hands, I think, and not limped/called), so I’m not behind to UTG for sure.

So, again, the same few cases of bets.

  1. BB calls and UTG folds, and I’m ahead. This happens 36%  * 51% = 18.4% of the time. At this point, I win $64 + $40 + $40 = $144. And I’ve invested $55.50, giving me a profit of $88.50.
  2. BB calls and UTG folds, and I’m behind. This happens 9% * 51% = 4.6% of the time. I win nothing, and lose the $55.50 I’ve invested.
  3. BB folds and UTG calls, and I’m ahead. 47% * 42% = 19.7% of the time. I profit $88.50.
  4. Both call, and I beat both. 36% * 42% = 15.1%. I win $64 + $40 + $40 + $40 = $184, for a profit of $122.50.
  5. Both call, and I lose to at least BB. 9% * 50% = 4.5%. I lose $55.50
  6. Both fold. 47% * 51% = 24.0%. I win $104, for a profit of $48.50.

This gives me an EV of 0.184 * 88.5 + 0.046 * -55.50 + 0.197 * 88.5 + 15.1% * 122.5  + 4.5% * -55.5 + 0.24 * 48.5 = $58.81.

Case 3: I miss the flop.
When no A or no Q hits. This happens close to 70% of the time, I think. Let’s take 70%, in general. When this happens, I’m probably going to get bet into, and fold, losing the $15.50 I called preflop.

So therefore, my total EV = 0.7 * -15.50 + 0.1317 * 58.81 + 0.1382 * 37.86 = $2.12.

Again, however, it seems like I should make the call here.

But let me place a disclaimer here. The actual EV would be lower if the ranges my opponents are on are tighter. A lot of the calculations made here are based on my read of what hands they’d call a bet with, etc. I understand that the ranges are probably a bit wide, but I feel like the game was quite loose, and those reads are what I genuinely felt.

What do you think, though? Am I thinking through this correctly – or am I missing something else again?

Folding AQ offsuit Preflop

[update: After some discussions on the forum, I realized I was missing something, and so I've taken a closer look at the hand. You can read the new analysis here.]

I was playing in a live cash game a few days ago, and was put in what i felt was a difficult decision pre-flop. So I thought I’d do some simple analysis to see if I made the right play.

Here’s how the hand went. It’s a 10-man game, $0.50/$1 blinds. I’m in the small blind, with AQ offsuit. There are a whole bunch of limpers, and I raise to $5.50, in an attempt to narrow the field, figuring some of the limpers are weak and would fold.

Firstly, was this raise right? There were about at least 4 limpers. And even against 4 more random hands, AQ is only about 30% favorite, and I didn’t want that risk. I wanted to narrow it down, and that was why I made the raise. My equity increases exponentially the more players fold, and it gives me more information.

The big blind, a moderate-tight player, who does bluff at times, but not very often, re-raises to $21. UTG, who has been quite tight passive so far, calls, and the rest all fold to me. After some consideration, I folded. I was basically thinking that, I’m either against a lower pocket pair, where I’m in a coin toss, a hand similar to mine, or a higher pocket pair, where I’m crused. So I figured I was either 50-50 or crushed, and so I folded. But was this the right decision?

Let’s take a look at it. Right now, the pot is about $48.50. I’m left with $15.50 to call.

That means that for me to call, I need to have an equity x of

EV > 0
x * (15.50+48.50) – 15.50 > 0
x * (64) > 15.50
x > 15.50/64 = 24.22%

What kind of ranges would I have a 24% equity against? If I put both players on a range 99+, KQ+, that gives me an equity of about 23%. At 23.2%, a case can be made for calling, because of the implied odds of the flop (if I hit an A against KK, for example, I’m bound to win a bit more). So even if both players are on 99+, KQ+, I think I can call here and see a flop.

Obviously, however, the two players would have slightly different ranges. I would think the big blind is on a range like 77+, AT+, QJ+, and the UTG player on a stronger range of 99+, AQ+. Even then, I still have 24.25% equity. Again, that’s not counting the implied odds, the odds of the big blind bluffing, etc.

So, it seems like the fold was a mistake, based on the numbers. What do you think? Would you have folded?

Getting Value From Flush Draw on the Flop

This is a topic I’ve been wondering about, so I thought I’d do some calculations to figure out the best line of play here. So, imagine a situation like this.

Poker Stars $0.01/$0.02 No Limit Hold’em – 8 players
The Official 2+2 Hand Converter Powered By DeucesCracked.com

CO: $1.92
BTN: $2.93
SB: $1.11
Hero (BB): $2.58
UTG: $3.00
UTG+1: $4.83
MP1: $2.64
MP2: $3.33

Pre Flop: ($0.03) Hero is BB with Q J
UTG calls $0.02, 3 folds, CO calls $0.02, 1 fold, SB calls $0.01, Hero raises to $0.10, 2 folds, SB calls $0.08

Flop: ($0.24) 2 2 8 (4 players)
SB checks, Hero checks

Ignore the preflop bet sizing, I know there’s already beena lot of debate over that. But there were a lot of people saying that I should have bet the flop, to get value from my draw. Basically the premise is that I won’t get paid off much if I hit the draw. Sounds logical, but let’s try and see quantitatively how true that is, and how much that bet should be.

Let’s assume that my opponent would fold if I hit the flush. On this flop, I have 9 outs to the flush, giving me a 9/47 = 19.1% chance of turning a flush, and 35.0% of hitting a flush by the river. However, we’ll take the odds of the flush hitting on the turn, because to take the case of the flush coming on the river, we have to consider if the opponent will bet a blank on the turn. Maybe I’ll consider that in a later post.

So let’s say a diamond comes on the turn, and my opponent shuts down here. If I had bet x cents on the flop, that gives me an EV of 0.191 * (24 + 2x) – x = 4.596 + 0.383x – x = 4.596 – 0.617x. For it to be a good play, that gives

EV > 0
4.596 – 0.617x > 0
4.596 > 0.617x
x < 4.596 / 0.617
x < 7.45

So I’d have to bet about 7c for it to be a good play. That’s a bit too small a bet, though, to make. If I bet that, he’s likely to raise (I would if I was the SB facing a 7c bet into a 24c pot), so that kind of doesn’t make sense. If I had to bet the flop, I’d have to bet something like 14c, at least. Let’s take a bet of 14c, that gives me an EV of 0.191 * (24 + 28) – 14 =-4.04. So it’s slightly negative.

I do have some sort of fold equity here. How much fold equity do I need to make this a positive play? Assuming fold equity f, that gives

EV = f * 24 + (1-f) * -4.04 > 0
24f – 4.04 + 4.04f > 0
28.04f > 4.04
f > 4.04 / 28.04
f > 0.144

Therefore, I need him to fold at least 14.4% of the time for that to be positive. I think that’s definitely a reasonable assumption, so a bet of 14 cents seems like it’s ok.

The question then becomes, what’s the relationship between the bet size, and the fold equity required to make it a positive EV play?

For the play to be +EV, you need the following to be satisfied, taking f as fold equity and b as the bet size.

EV > 0
f * 24 + (1 – f) * [0.191 * (24 + 2 b) - b] > 0
24 f + (1 – f) * (4.596 – 0.617 b) > 0
24 f + 4.596 – 0.617 b – 4.596 f + 0.617 * b * f > 0
19.404 f -0.617 b + 4.596 + 0.617 * b * f > 0
f (19.404 + 0.617 b) – 0.617 b + 4.596 > 0
f (19.404 + 0.617 b) > 0.617 b – 4.596
f > (0.617 b – 4.596) / (19.404 + 0.617 b)

I don’t think you’re really ever betting anything less than half the pot (12 cents) here – I know I wouldn’t. So, for bets of 12c to 24c, here are the required fold equities to make this a +EV play.

Bet Size Required Fold Equity
12 0.104745
13 0.124886
14 0.144141
15 0.162567
16 0.180216
17 0.197136
18 0.213373
19 0.228965
20 0.243952
21 0.258367
22 0.272242
23 0.285608
24 0.298492

Let’s say your opponent is folding 30% of the time to your bet (which I think is a reasonable percentage). The more you bet, the lower the expected value is. The EVs for various bet sizes, assuming 30% fold equity, are as follows

Bet size EV
12 5.2176
13 4.785
14 4.3524
15 3.9198
16 3.4872
17 3.0546
18 2.622
19 2.1894
20 1.7568
21 1.3242
22 0.8916
23 0.459
24 0.0264

Your EV from checking this street is simply 0.191 * 24 = 4.596. To make the bet better than checking, you require an EV of more than 4.596, which suggests a bet size of 12 or 13 cents. I’d probably include 14 (and maybe even 15 cents) in that range, because you will get paid off after hitting the flush every once in a while, so the implied odds would increase the EV. That depends on a lot of variables, of course – who the opponent is, your table image, stack sizes, etc.

But based on the analysis so far, I’d say that a bet of 12 cents to 15 cents, or half to about 60% of the pot, seems to be the best way to get value from a flush draw. Anything more is a bit too much, considering you’re only on a draw, and anything less is probably a bit too weak and likely to get raised.

What do you think? Do you bet your flush draws on the flop for value, in case you don’t get paid when the flush hits? If so, how much would you bet your draws?

Opponent Modelling – Calling/Raising a 4-bet

One thing about poker math is that it’s not just about odds. A proper application of math to poker also looks at modelling opponents.

So, today I want to take an initial look at this. Say, you’re dealt a hand like KK. You raise preflop, there are some folds, 1 player re-raises, it folds around back to you, and you 4-bet preflop. For each possible preflop hand, what are the odds that he will call/raise your 4-bet?

Let’s assume that you don’t have much data on the player, and you’re looking at hand strength alone. And also assume that your opponent is a decent player. For certain hands, it’s easy to predict. With AA he’s always at least calling the 4-bet. For a hand like 7-2, there’s practically no chance that he’ll call a 4-bet.

What about in the middle, though? After a discussion with a friend of mine, we concluded that the distribution would look something like this:

Basically, the horizontal axis shows represents the strength of the hand (with the weakest hand on the left, and the strongest on the right). The vertical axis is the probability of calling (or raising) a 4-bet. Essentially, what the graph means is this. There are a number of weak hands, which players are highly unlikely to call with. 7-2, 9-3; these are all hands which are almost certain to be folded. There are also certain hands which are players will almost definitely call with: AA, KK, QQ, etc. That’s why the extreme left and extreme right side are more or less flat.

In the middle, though, are the marginal hands. With these hands, players might sometimes call, depending on the player’s ability, the situation at the table, a number of factors. But essentially, we believe that the marginal hands would have an increase in frequency of calling, based on the strength of the hand. Basically, there is almost no difference between how often a player would call with AA and KK, or how often he’ll fold 7-2 or 9-4. But there will be larger differences between how he plays KQ offsuit, and 99, for example.

So based on that hypothesis, I’ve created a chart to predict a probability of how often a player will not fold (ie call/raise a 4-bet). I used the Chen formula to determine hand strength, and grouped the hands roughly. Based on the hand strength and the groups, I then assigned a probability, with the lowest group distributed over 0 to 5%, the highest group over 95 to 100%, and the middle groups distributed across the remaining range (with a few more subtleties, but that was the general idea. What I got was this.


dyerware



To be honest, it doesn’t quite match what I want. The problem with the Chen ratings is that the hands tend to be bunched up together. I’ll look into other ways to evaluate hand strength, but so far, this is my initial (and admittedly very crude model). I’m thinking for the next step, I’ll use the WestonPoker PreFlop Odds chart instead of the Chen formula as a basis for hand strength. I think that will give a much smoother curve. I’ll do that and post an update soon.

What do you think, though? How do you think the chart of a 4-bet call/raise would look like? Am I on the right track or what would you have done differently?

WBCOOP 2010 So Far

So far I’ve played in two events of this year’s WBCOOP, finishing 233rd out of 1740 in Event #1, and and 329th out of 1876 in Event #4. It’s nice to be finishing in the top 20% consistently, at least I have a rough idea of where I stand.

I’m still not fully sure how I should be playing early tournament, to be honest. I’ve mainly been trying to play tight, and not risk too much. But because of that I’ve never really been able to build too much of a stack. So that’s enabled me to last past the first break, but by the time it’s around the second break, my stack isn’t really large enough to maneuver with, and I end up having to shove.

I think both times I’ve busted out, it wasn’t really a misplay on the hand that busted out. In the first one, I had about 15 big blinds, was dealt AQ. Large stack raised preflop, I re-raised and shoved. The large stack called, and showed QQ, which held up. I got it in bad, but I think at 15 big blinds, and with antes, I really had to make some sort of move.

Event 4 was just a really bad beat. I had pocket Aces, with just over 10 big blinds. The flop came K T 8, I got it all in, and my opponent showed JT. The turn came a T to knock me out.

So, I don’t think I mis-played either of these hands. But my main concern is that I’m getting in these spots in the first place. I don’t seem to be able to build a large enough stack, and because of that, once antes come in, I’m in a dangerous position and have to shove more often than I’d like. But I’m also worried that if I play too aggressively, I might bust out really early.

What do you think? What’s your strategy for the early stages of a tournament? Do you go aggressive, to try and double up early (and risk busting out early), or do you try to maintain your stack and grind it up stack slowly?

Small Ball Strategy – Flop Bet Sizing

In a previous post, I looked at this example from TrueGamble, and studied the preflop action; concluding that the ideal raise would have been between 2.5x to 3x the big blind, and that the 2x the big blind raise was probably too little. Here, I’d like to continue on using that example, taking a look at the action on the flop. Here’s the action until the flop, from the example.

Blinds are 100/200, John has A J and is using the ‘Small Ball‘. He minimum raises from a latter position and Dave calls it. Flop is 7 6 J, good flop for John, Dave checks and John makes just a weak bet of 250 in a 900 pot. Seeing this Dave calls.

So, John hits top pair, top kicker on the flop. There are two connected cards, and the pot is 900. He bets 250 into the 900, giving Dave odds of about 27.8%. For the sake of argument, let’s assume it’s a rainbow flop.

Is this the right bet size? Remember, the main question here is whether the small ball strategy works, or whether it is (as TrueGamble says), “A New Way of Trapping Yourself”.

What could Dave have in this situation? Given the preflop bet of 2 big blinds, Dave could probably have any two cards, any of the 1081 total possible hands. Assuming that, what hands does Dave have that could beat John? At this point in time, John is only losing to a 6-6, 7-7, J-J, Q-Q, K-K, A-A, J-7, J-6, 7-6, a total of 30 hands. There are 6 hands (other A-J combinations) that would tie with John. Assuming all the hands for Dave are equally likely (we assumed that Dave could have any two cards), that gives John’s hand a current strength of 96.85% (ie. if play were stopped at this point in time, John has a 96.85% equity). Even when he’s behind, though, he has about a 11.5% chance of improving to win (if Dave has 6-7, for example, any A or J would give John the winning hand again).

Given that, at this point in time, John has a pretty strong hand, and should definitely bet. The question is then, how much. When Dave is behind, at this point in time, he has at most 8 outs. Let’s assume he has 9-T (the best hand he could have that’s behind). He then has 8 outs, and a 17.8% chance of hitting one of those 8 outs on the turn. If John bets 250 into the 900 pot (as in the example), Dave’s call would yield an EV of 0.178 * (250+900+250) – 250 = -1.11, which are still the wrong odds to call.

But Dave isn’t necessarily sure that John has the J. If John has the 7 or 6, or no pair, Dave has 6 additional outs. If we use 14 outs, then (the straight draw + the draw to any pair), then Dave has about 31.1% of hitting an out, and an EV of 0.311 * 1400 – 250 = 185.56, making it a profitable call. So if Dave believes John is essentially bluffing without TP, he has an EV of 185.56, and if he believes John has TP, he has an EV of -0.8.  That means his overall EV is -0.8x + 185.56 (1-x) = -1.11x + 185.56 – 185.56x = -186.36x + 185.56, with x = probability that John has TP.

To make this profitable, then,

EV > 0
185.56 > 186.36x
x < 185.56 / 186.3 = 0.994

Essentially, this means that unless Dave is very sure that John has the TP, he should be making the call. I don’t think that in this situation, it is ever possible to say about 99.4% certainty that John has TP, so with a hand like 9-T, Dave definitely has to call.

Now, let’s say John bets 450 instead. Using the same calculations, John needs to have TP at least 45.8% of the time for Dave to make the call. This is a much tougher spot, putting Dave in more or less a 50-50 position. If John’s bluffing about half the time, then Dave should not make this call. If the bet is 600, that bluffing percentage then has to be below 19%.

All this is assuming Dave has a hand like 9-T, which is the best case scenario, so we might want to lower the percentages slightly to account for the other hands.

What does this all lead to? This means that Dave is almost definitely going to be right in calling a bet of 250, no matter what hand he has. So it would seem that 250 is definitely too small a bet. If John bets between 450 to 600, however, Dave would need to believe that John is bluffing at least 55%-80% of the time, based on the bet. That makes it a much more marginal call. I think that it’s going to be hard for Dave to say with anything more than 60-70% certainty that John doesn’t have the J, especially with the higher bet sizes.

So, my conclusion from this analysis? I would believe that a bet in the range of 450 to 600 is a better bet, somewhere between half to 2/3 of the pot.

What do you think? How much do you generally continuation bet on the flop, and why?

2NL Update

It’s been about a month since I re-deposited my $10 into my PokerStars account and started playing at 2NL. Since then, I’ve played over 2000 hands, and my deposit is currently at about $22. Here’s my graph of results so far.

The details are slightly inaccurate – I started using PokerTracker only a while after depositing the $10 (when I had lost about $1-2 of that), and some hands didn’t get imported cleanly. That said, I think there is a nice trend.

Granted, it’s only been 2000 hands, and a win rate of 20bb/100 hands seems a bit too high to be maintained, but I think I’m happy with how it’s going so far.

My general strategy is to raise my pre-flop range to 2bb + 1bb per limper, and c-bet about half to 3/4 of the pot on most flops (especially when there are 3 players or less in the hand). I try to choose tables which are relatively tight for this level (tables which have an average pot of less than 50c, and see an average of less than 40% of flops). It seems to be working so far, I’m taking down a decent number of pots on the flop, and it’s allowing me to slowly grind up.

The exception, though, has been the last two days. I’ve lost something like $7 in two nights. I don’t really know why, though. I can’t quite figure out what I’ve been thinking. I feel like writing it off as saying I’ve just been too mentally tired from lack of sleep, but I don’t want to keep falling back on that excuse. So I’ll keep trying to figure it out.

What do you think? Do you agree/disagree with the strategy I’m adopting? And do you think a lack of sleep is a valid reason for playing poorly, or just an excuse that should be ignored?

Theory of Induction

I had a really good discussion in my earlier post about my Pocket Aces hand. One thing from the conversation that struck me the most, however, was this statement by “Micro Donk”

if they fold to a bet of 8bb they will fold to a bet of 6bb, if they will call 6 bb they will call 8 bb

Yes I’ve heard that (or similar statements) said many times. And yes, logically, it seems to make sense. My question is, though, where is the line? Essentially the statement is saying that “if they fold to x bets, they’re likely to fold to x-2 bets”. And to a certain extent, that is true. But if we take that as always being true, then by induction, we will never raise any more than a minimum bet.

I haven’t quite come to terms with it yet, I don’t really have an answer. But I just thought I’d throw it out there? What do you think? Where’s the line after which the idea of “if he’ll fold x, he’ll fold x-1″ doesn’t hold true anymore?

No Limit Hold Em Theory by Sklanksy and Miller

No, this isn’t a book review post. It’s actually more of a question to you guys.

I’ve seen the book, No Limit Hold ‘Em Theory by Sklanksy and Miller, around, and it seems like an interesting premise, on a topic that highly interests me. It seems like it’s meant to be a mathematical look at NLHE, and that’s really something I would love. So I’m quite tempted to get it as the nex step in my poker study.

That said, there are some less favorable reviews on Amazon. One of them pointed out:

This book’s strength is that it shows why certain plays are mathetmatically correct. That doesn’t mean, you can’t take those conclusions, and figure out the correct play to make.

For example: If you have AK and you raise, then if our opponent raises with KK, we can use math to show why it’s correct to fold. That doesn’t help me if I raise with AK, and my opponent raises me, sometimes I should raise again, sometimes call, sometimes fold. I don’t know he has KK or AQ or 87, so how’s the math help me now? It doesn’t. This is a very simple example for those who play small stakes or are new to poker. But this is the best example in summarizing this book.

To be fair, I think that’s the (current) shortcomings of most mathematical approaches to poker. There hasn’t really been a model for determining hand ranges (not yet, anyway), and without putting your opponent on a range, you can’t really do much with the math.

So on a whole (especially those who have read it), what do you think of the book? Is it worth getting?

Pocket Aces Hand #1 – Suck Out?

Pocket Aces II
Image by mrdelayer via Flickr

In an earlier post, I mentioned that I’ll do some analysis of my losses with Pocket Aces. Here’s one such analysis. To be honest, my gut feeling is that I didn’t play this too wrong, but let’s see.

Poker Stars $0.01/$0.02 No Limit Hold’em – 8 players – View hand 447780
The Official DeucesCracked.com Hand History Converter

BB: $4.65
UTG: $0.97
Hero (UTG+1): $3.24
MP1: $1.85
MP2: $4.91
CO: $0.99
BTN: $1.92
SB: $0.98

Pre Flop: ($0.03) Hero is UTG+1 with A of hearts A of clubs
1 fold, Hero raises to $0.04, MP1 calls $0.04, MP2 calls $0.04, 4 folds

I typically min-raise my entire range when I open at these blind levels, mainly because it achieves the same isolation that a larger raise would. Possibly should have raised more, but I try not to change how much I raise with relation to hand strength to help disguise the hand. So generally, I make the same min-raise, whether it’s AA (in this case), 55, or JT suited. The stats I have on MP1 are 64/0/0.88, over 56 hands, and for MP2, 50/16/1.46 over 63 hands. Not the largest sample base, but both of them seem to be fairly loose, and not particularly agressive. Given those stats, I might probably have gained more value by raising more.

Given the stats, it seems like the two players are going to be calling me with at least 45% of their hands. According to PokerStove, 45% of preflop hands is approximately this range: 44+,A2s+,K2s+,Q4s+,J6s+,T6s+,96s+,86s+,76s,A2o+,K6o+,Q8o+,J8o+,T8o+,98o. That’s really a lot of hands, and doesn’t narrow down their range much – I think they could pretty much have anything but randoms here. So I’m thinking I’m probably up against a suited connecter, any pocket pair, J-x or higher.

Flop: ($0.15) 8 of spades J of clubs 4 of hearts (3 players)
Hero bets $0.08, MP1 calls $0.08, MP2 calls $0.08

The flop comes well for me, it’s relatively disconnected. The only drawing hand I have to worry about is 9-10, I think. I bet about my standard half pot, and get both of them to call. At this point, I’m actually hoping I’d get one fold, but both of them calling tells me that I’m probably ahead at this point. I think if either one of them hit a set or two-pair, they would have re-raised. As is, I think I’m up against a pair and two overs or something along those lines. Does MP2 get the right odds to call if he is on a 9-10, though? Before his bet, there is 31c in the pot, and he requires 8c to call. He has 8 outs, leaving 8/47 = 17.02% odds of hitting one of those outs on the turn. His EV for calling the bet here is then 0.1702 * 39 – 8 = -1.36c. Considering the implied odds of additional betting if he hits his straight, the call probably makes sense.

In retrospect, given this, I should probably have bet the pot here, to take out the 9-10 draw, and to extract more value from a J-x. I forgot to take into consideration the fact that I was in a 3-way pot.

Turn: ($0.39) Q of hearts (3 players)
Hero bets $0.26, MP1 calls $0.26, MP2 folds

The worst possible card for me, because it makes the straight. That said, I’m still ahead to all but one hand (9-10), and now I think a Q-x or a J-x is likely to call a bet. I bet about 2/3s the pot here, small enough to minimize my losses if I get raised (as I’d expect to if I’m facing the straight), but still a sizeable amount for value against Q-x or J-x.

Getting one call and one fold here isn’t too much of a worry. I’m pretty sure I’m not against the straight here now. I think I put MP1 on a range of J-x, Q8+, Q3, . Out of which I’m only down against the random two-pair hands. I don’t think he’s likely to have QQ because if he did, he’d probably have re-raised my pre-flop bet.

River: ($0.91) 2 of diamonds (2 players)
Hero bets $1, MP1 calls $1

Having placed MP1 on the afore-mentioned range, the 2 really isn’t a scare card. I’m pretty sure I’m ahead at the moment, and up against a random J or Q (more likely J). So I bet out here, slightly larger than a pot-size bet, thinking I’m just going to get more value.

Final Pot: $2.91
Hero shows A of hearts A of clubs (a pair of Aces)
MP1 shows J of hearts 2 of clubs (two pair, Jacks and Deuces)
MP1 wins $2.81
(Rake: $0.10)

So, obviously, him showing J-2 offsuit was a bit of a blow. But I don’t actually see how I could have played this hand differently. At the moment, I’m writing this off as a bad beat. I’m actually kind of glad I didn’t bet more on the flop (though I probably should have) or turn (marginal decision?), because I ended up losing the minimum, I think. So all in all, I’m quite happy with the way I played this, but not with the result.

But what do you think? Was my reasoning flawed here – should I have gone more aggressively or let it go at any point?

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