Quote:
Originally Posted by venice10
I guess I better PM Mat Sklansky to perma-ban me.
I do agree there is a lot of bad advice given in this thread. So far, there's a ton of standard live group think about sets. However, I see absolutely no data to back it up.
So let's look at some real data, admittedly on line from my own DB. For sets of 66 or less hit on the flop, I win an average of:
2nl = 22BB
5nl = 21BB
10nl = 2BB (small sample, two set over sets)
25nl = 9BB
50nl = 11BB
Since the average raise pf live is about 3.5 BB, it can be seen that to purely set mine even at 2nl is -EV. Now that isn't to say you should fold all your small pairs. But to make real money with them, you're going to have be able to get more value out of them than just hitting a set.
Now, if someone wants to put up some real data on their play with sets, we can discuss it. Or if someone wants to make the argument that people are more careful about stacking off $2 on line than $200 live or there are more callers live than at 2nl, then make the case. Of course, you can state I suck at poker and monkey could make more with sets than me.
Otherwise, all you are stating is an opinion. And everyone here is allowed an opinion without others trying to keep them quiet.
You make a good argument to make set mining a thoughtful process rather than an automatic move. On line there are far fewer players to the flop and if you play a limited range and never play low cards from early position and never play lower suited connectors, you will be perceived as a solid player to a nit and it is very difficult to get paid with that image. Please notice that in my post I stated that the number is dependent on your image.
I also suspect that since you think set mining is not profitable, you only play them in limped pots or from the big blind and are getting properly paid for that size bet. If you are in a standard live pot with 4 players and the raise is 3.5bb, you are half way there on the flop with 3 streets of betting to go. 3 probe bets will get you there. If you cant get paid for 3 probe bets, you are losing a ton of money by not bluffing with a probe bet where you only have to be successful 20% of the time for that to be profitable.
I don't think the statistic you should use is average BB you have historically won. I think the more relevant stat is the percentage of the stack you can get (with your image) when you hit. For me that number is about 50%, and as I stated that number is from keeping track which is easy to do since it only happens once or twice a session and the hand is easily remembered.
I think if you are only averaging 22 BB live, you are doing something wrong. Not saying you are since your stat is not live. In a live game the raises are much closer to 6bb than 3.5bb, and there are often 4-5 players to the flop. Especially in situations where you called and that encourages other callers. So for me to call a 6bb raise,The calculation I make is that there is 24BB dead money, I need about 45 bb for it to be profitable, That is about 22 more BB. If I can average half a stack (or stack someone half the time) I need to see stacks of 44 BB. Notice how much this changes if there is only 1 player. If the bet is more than about 8% of the stack, you can never get paid. So if you are sitting at a crazy 1-2 game with $200 and the raises are $20 consistently, you can't set mine. But if you are sitting there with standard $8-12 raises, you have know stack sizes and to do the math every time.
Set mining is the simplest form of playing for implied odds. If I am teaching my friend how to play, I teach him the math for set mining. after they get good at that they are ready to play hands like low suited connectors for the implied odds. An understanding of stack sizes and implied odds is critical to play hands like low suited connectors or suited aces. Those hands are more difficult than small pairs to play. So I guess my argument is that if you don't learn how to set mine you will always be playing a tight strategy that is best played with short stacks. That is a good strategy for beginners or the risk averse, but it is not for me and I suspect most poker players.