Monday, 4 February 2013

HH Review: Folding Out Equity

As promised, I'd like to review an interesting hand every week or two. This was one of the more interesting hands of today. Note that I'm using Flopzilla to compute hand range values and weightings.


  • UTG:  44/27 - cbetting every hand and barreling a good deal, too. Not positionally aware at all and raising 45% of unopened pots.
  • CO: 24/18 - likes to cold call a ton to nut peddle post-flop, folds to most cbets.
  • Hero (BB): 30/25 and running hot on this table - raising cbets 25% and calling cbets 30%.

$0.50/$1 No Limit Hold'em - 6 players

UTG: $101.50
MP: $127.52
CO: $172.08
BTN: $187.20
SB: $46.69
Hero (BB): $333.37

Pre Flop: ($1.50) Hero is BB with 9 of hearts T of diamonds
UTG raises to $2.62, 1 fold, CO calls $2.62, 2 folds, Hero calls $1.62

Not an ideal hand to call out of position, I'd have a lot more postflop playability if it was suited. However I am getting 4.2:1 and UTG flops a lot of nothing. My plan is to let him hang himself if I hit and steal it when I miss given that CO doesn't get too involved past most flops.

Flop: ($8.36) 6 of spades T of clubs Q of clubs (3 players)
Hero checks, UTG bets $6.27, CO folds, Hero raises to $24.17, UTG calls $17.90

I flop 2nd pair. The plan is to check/raise if CO folds to the auto-cbet and check/fold if CO continues. The reason I want to go for a raise here is because there are tons of hands that I am currently ahead of that have equity and I either want them to fold or get value from them. These would include hands like AK, AJ, KJ, J9, 98, 87, 99, 88 and 77. Only 15% of his range consists of top pair or better, while 28% consists of Ace-High and 30% of pure nothing.

Either having villain fold or call with worse is fine with me given my mid strength hand that can't stand much heat on most turn cards without initiative, which means my options are to either give up now or try to steal like in my preflop plan. I also have a few backdoor straight draws as backup for future aggression opportunities.

Flopzilla tells me that I have 62% equity against his cbet range and 35% equity against his continuance range. I'm expecting a fold about 65% of the time. My Excel equity calculator tells me with 35% equity, I need a fold only 14% of the time to breakeven.

This is precisely the scenario that Baluga Whale talks about in the newest edition of Easy Game where he kills off collection of dead money as a reason to bet, simply combining it with a new definition of bluffing where getting your opponent to incorrectly fold their equity and/or preventing them from making the bluff they should make go hand in hand. ie. Fundamental Theorem of Poker: if he knew I had 2nd pair, he would shove his entire range and therefore he makes the mistake of not re-bluffing.

Turn: ($56.70) 9 of diamonds (2 players)
Hero bets $306.58, UTG calls $74.71 all in

At this point his range consists of 40% top pair or overpairs which I now beat, and 25% 2pair or better that beat me. The remaining 35% consists of draws. I have 57% equity against this range, so while I am ahead 75% of the time, it's by a slim margin. I'm flipping with his range if he folds all of his draws.

Given the amount of money in the pot compensating for my thinness in equity, folding is not an option. My choices are to either bet/call and pray for a blank river if he just calls, or shove right now.

I'd prefer not to flip for it if possible if he decides to shove over a smaller bet or call and show me one of 20 gross river cards. Therefore I'm using the same reason for overbet shoving here as I did for raising on the flop in trying to get him to fold significant chunks of equity rather than giving him the opportunity to try to bluff or thin valuetown himself with that equity.

River: ($206.12) Q of spades (2 players - 1 is all in)

Final Pot: $206.12
UTG shows J of spades 9 of clubs
Hero shows 9 of hearts T of diamonds
Hero wins $203.12

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