Quote:
Originally Posted by TB27
That's exactly what I'm trying to change in my game. I used to try and milk my nut hands, but started noticing how other good players were getting called on shoves for massive value. I've been shoving more (when stack sizes are appropriate, not as soon as I hit) and that's been working well. But I'm still making an adjustment in spots similar to this where shoving is definitely incorrect, and milking is definitely losing value.
Poker is a hard game, and part of the challenge is the fact that we must actively condition our brains to not react in ways that is normal for a human.
For one, marginal utility is a thing. Take someone with no savings and give them $1m. It’s a windfall of a lifetime and makes them thrilled. Now make it $2m. Well, they’re thrilled still, but the amount of joy they get from going from $1m to $2m isn’t as high as what they receive going from $0 to $1m.
“Deal or no deal” is a great example of this psychology. Like say you get down to the last 4 unknown values: $0.01 (call it $0), $1, $75, and $1,000,000. Your expected value is $250,019. Banker calls Howie, says he will offer $190k for you to walk away. Without external factors governing our decision, we’d never take this deal: it’s barely 3/4ths of our EV and we have a 75% chance of security a better deal next time. However, we also know that if we play it out to the end without paying attention to the deal, we have a 75% chance of coming away with essentially nothing. So because of numerous factors (the marginal utility of the last $60k not being worth the stress of giving up the first $190k being the big one), we may pass on what is the most profitable decision in favor of one that is more likely to result in us feeling joy and not feeling pain.
Similar mental game governs poker. We hate when we finally make that monster and they fold. Or we hate when we run a bluff and get called. So we bet smaller to “get them to call” when we have it, or bomb to get them to fold when we don’t. It feels good because our desired outcome is more likely to happen. But the times they would’ve called more when you have it, or the times that they’ll call any amount you make it when bluffing, can give away so much EV that they become worse strategies overall.
This isn’t to say you can never do these kind of manipulative plays. Like if you know you’re against a weak player who has what’s likely a weak made hand, maybe you do size down in order to trick them into giving the action. Or maybe you’re against an OMC who likely has an overpair on some T96-8-T and you know he will never call a jam. But in a case like this, we can’t triangulate his range down this precisely; he will have anything from flushes to weak draws like J9 that now will fold to any reasonable bet. So we should focus on playing a solid strategy.
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