Quote:
Originally Posted by ArtyMcFly
When you're in position, you have better control of the pot-size, because you get to act last. This means you can fold to a bet on a particular street (meaning you don't put any money in the pot unnecessarily, thus losing the minimum), you can call and close the action (there can't be a raise if you just call, as you just go to the next street), you can bet to make villain pay if he wants to stick around, or you can check back, either to take a free card or to get to a cheap showdown. Being able to check back the river in particular is especially advantageous.
e.g. Suppose you have TT on J62 and you know villain has KJ. On the flop, you'd rather not put any money in the pot, because you're losing and drawing to 2 outs. Ideally you'd like to see a free turn card. If you're OOP, you'd check, but you can't stop the BTN from making a bet. If he bets $10, the only way you can see a turn card is by calling the bet. It will literally cost you $10 to see the turn. Since you only have a 2 outer, you fold.
Now imagine you're in position. If villain leads for $10, you can just fold (and villain gets no value if he's ahead). If he checks, you can just check back and you'll see the turn card for free. Being able to realize your equity at a price of your choosing is very advantageous.
To switch the example around, imagine you're the guy with KJ and villain has TT on J62. If you're OOP with the best hand, how do you get your value? If you bet, villain just folds. If you check, he checks behind. There's literally no way to make villain put money in the pot, because when you act first, he folds to a bet and checks behind if you check.
I don't think this is a great example. The advantage of position is information advantage. Position is no advantage at all if the cards are known already. How exactly would you get the opponent to put money in the pot if you're IP with KJ instead of OOP?
The advantage of position is information. OP, you say that you could c-bet with air or a made hand, so you are not leaking information. The problem is that there are hands you should take certain actions with, so if you take a one action the IP player knows you can't have certain hands. Even if you take incorrect actions to conceal information, you are losing money by playing those hands incorrectly.
Pre-flop has many obvious examples. If you are on the BU you have the advantage of knowing what everyone else wants to do before you except the blinds. If everyone folds, you know you only have to deal with the blinds. If you were UTG instead you have to deal with any one of the players behind you possibly having a big hand.
If you have KQs on the button and there is a raise a 3-bet and 4-bet ahead of you, you can easily fold losing nothing. However UTG you wouldn't have the advantage of seeing these actions yet and you would lose your open.