Is it OK to quote great advice from a well-known author without his & 2+2's permission?
On page 81 of Miller's "The Course" on live 1/2 games:
Quote:
Skill #2. Don’t Pay People Off Postflop
With our first post-flop skill, however, we’re not yet going to earn money. Instead, we’re going to avoid bleeding money. Your first post-flop skill is actually a folding skill. But it’s a relatively easy one to acquire. And if you don’t have it, you really don’t have much of a shot.
Here’s the short version: if someone makes a big bet or raise, fold.
Here’s the slightly longer version: if your opponent has played in a way that suggests a strong hand range, fold all your hands that can’t compete with that range.
Consider this example. It’s a 1-2 game. You have $200 stacks.
You open to $7 with A♦K♠. Two players call behind, as do the blinds. There’s $35 in the pot.
The flop comes A♥7♥6♠. The blinds check, and you bet $30. A player behind you calls, and the small blind calls. Now there’s $125 in the pot, and $163 left in the stacks.
The turn is the 8♥, putting three hearts and a three-straight on board. The small blind moves all-in. Here’s the important post-flop skill to learn in action: you fold. Don’t think twice. Most 1-2 players would hem and haw on this decision. They might fold. They might call. But they’d be unsure of what to do.
I’d fold in a millisecond. There’s absolutely no question about it. Fold. Fold. Fold.
Here’s how to break it down. If your opponent held A-Q, would she make this bet? (For the vast majority of players, the answer is clearly no.) She wouldn’t bet A-J or A-T this way, either. With any of these hands, your opponent would be just as concerned about the turn card as you are. It’s possible she’d get confused about what to do, and bet a hand like A-Q. But typically in such a case, you’d see a bet like $40, not all-in for $163.
I think this is Miller's point:
1. It's long-term +EV to fold many dangerous small pots when you're clearly beaten, instead of calling a few huge pots (people doing the latter are gamblers riding on 'hope' - chasing outs on the turn & river).
2. People at these low-stakes aren't bluffing.