Introduction:
A fairly common situation that I experience on-line is getting donkbet into. Is he trying to steal the pot from me, trying to find out where he's at, or trying to build a pot? Does the donkbet amount provide any clues?
To help figure this out, I wrote a program that parsed all the hand histories that I have, which are all from 25NL and 50NL.
Any flop or turn donkbets (DB) that went to showdown were analyzed. I'm not sure how many hands that covers, but I do have history on 34,000+ players.
I did not set a maximum bet amount for a bet to be considered a donkbet. Any flop bet before the pre-flop raiser acted, and any turn bet before the flop bettor/raiser acted qualified as a donkbet. The data is for hands when there were two and only two players that saw the flop. Stop-n-go's (bet/call flop, bet turn) are included in the data.
Data:
Total DB: 1078
Total DB saw showdowns: 397
Total DB won money at showdowns: 177
Total DB folded: 218
Total others folded: 463
so 37% of the time the donkbettor went to showdown, 20% of the time the donkbettor folded at some point in the hand, and 43% of the time the other player folded. It's impossible to know how often the donkbettor would have folded had the other player raised, but the data seems to show the donkbettor will go to showdown about twice as often as he'll fold.
Approximately 45% of the time the donkbettor won money at showdown. I would be interested to hear what others think a good number is for this, but I'm guessing winning players are close to or above 50%.
Straight flushes: 0
Four of a kinds: 1
Full houses: 27
Flushes: 23
Straights: 18
Three of a kinds: 26
Two pairs: 110
One pairs: 131
High cards: 25
These are the hands that the donkbettor had at showdown. One thing to keep in mind is that these are not the hands that the donkbettor had at the time of the actual donkbet (flop or turn). But it still shows some interesting things.
57% of the min-raisers had 2-pair or better hand.
93% had 1 pair or better.
It's probably safe to say that slightly more than half of the time the donkbettor has one pair or less or a draw.
Flop versus Turn Donkbets:
Are there differences between flop and turn donkbets? Of course!
DB by street: flop DB = 760, turn DB = 318.
DB folded: flop DB folds = 185, turn DB folds = 33.
DB saw showdown: flop DB saw showdown = 257, turn DB saw showdown = 140.
DB won $ at showdown: flop DB = 108, turn DB = 69.
One key thing here is flop donkbettors folded 24% of the time, while turn donkbettors folded only 10% of the time. So you have little fold equity against a turn donkbettor, but great implied odds.
Also note that W$atSD was 42% for flop donkbettor versus 49% for turn donkbettor. So turn donkbettors usually have a better hand.
Lastly, the data doesn't show this here, but the turn stop-n-go W$atSD is less than both the flop and turn W$atSD. However, there is not enough data (40 hands) to state this as a trend with any confidence.
Min versus Normal-sized Donkbets:
I had been assuming that min (<2BB) donkbets are a lot weaker than normal-sized donkbets, and had been treating them basically as a check. This was somewhat verified by Mike Kelleys post
Flop min-bet Theorem. His theorem was "A minbet (1bb or 2bb) on the flop by OOP villain after Hero is the preflop aggressor = weak hand, straight or flush draw."
To verify those assumptions I broke out min-donkbets as well.
Min DB by street: flop DB = 155, turn DB = 56.
Min DB saw showdown: flop DB saw showdown = 59, turn DB saw showdown = 28.
Min DB won $ at showdown: flop DB = 26, turn DB = 13.
The W$atSD is 45%, which is higher than I expected. I assumed it would be lower than for normal-sized donkbets. One thing that may be an issue is the small sample size (87 hands). I looked through the W$atSD hands, and the vast majority of the time the donkbettor had only 1 pair. There were a few draws and a few 2-pair hands.
Running this with a larger sample size would be benefitial, but it appears that most min-donkbets are in fact done with weak hands and draws.
Summary:
1. Over half of the time the donkbettor has one pair or less, or a draw. Your top pair/overpair hand is probably still good until told otherwise (donkbettor 3-bets).
2. A larger donkbet generally means a bigger hand.
3. A turn donkbet generally means a bigger hand than a flop donkbet.
4. You have little fold equity against a turn donkbet, which means higher implied odds.
5. A turn stop-n-go doesn't necessarily imply a big hand trying to get all in.
Some of these follow common assumptions, I think it's good to see the data shows that they are true. Let me know if you can think of some other data that would be interesting, I will try to fulfill any reasonable requests.