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02-17-2010 , 10:36 PM
Hi,

I wanted to run a hypothetical situation past you guys, it's not perfectly realistic but it's probably realistic enough to be of some value in terms of how I (and maybe other beginners) think about setmining. I missed out on a lot of math when I was at school (long story) so I tend to struggle with many key concepts that most people would otherwise find quite straightforward; apologies in advance for any glaring errors, perhaps you could help correct any.

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10nl
100bb eff stacks

Hero is BB with 44

BTN raises 40c, Hero calls 40c

--------------------------------------------

Assume villain is cbetting 100% and we're c/f every time we miss (which isn't likely to be too far from the truth I guess)

We flop a set 12% of the time. So 88% of the time we 'lose' 30c.

-------------------------------------------

If we play this scenario out 100x:
(there's almost certainly a shorter and more obvious way of doing this but I don't know much about math and this method seems logical enough)

C/f 88 times = -$26.40 (30 * 88)

We have to negate this loss by making back what we lose the 12% of the time we hit.
(26.40 / 12 = 3)

So we have to make $3 on average when we hit our set for preflop to be a breakeven play (10x our investment).

-----------------------------------------

I appreciate that sometimes villain won't c-bet, and sometimes we flop like 235 and our hand becomes playable. And I don't wanna get into a discussion about floating OOP, let's just say we never do.

Consider that villain in this hand is a 21/19 who steals 35% from BTN and opens 12% UTG - standard TAG reg.

We have 52% equity vs villains BTN range, and 39.5% vs villains UTG range. However, the strength of our equity vs villains range is of insignificance if we're truly 'setmining'. Infact, that is a lie in a sense; our equity vs villains range is significant, but only in that the less equity our low PP has, the more value we are likely to extract when we hit (because the range of our opponent is weighted more towards premiums and has less random junk in it).

Since the range and stack size of our opponent would seem to be the primary determining factors which dictate whether or not we can profitably setmine (as well as villain's level of aggression, to a smaller extent), at what pfr% (positional, obv) does setmining from the blinds become -EV with eff stacks of 100bb? For example, against the positionally aggressive TAG from earlier, I think folding 44 from BB vs his 35% BTN steal range is probably better than flatting? 3betting is probably immediately +EV but that's not really territory I want to get into at the moment.

I'm just trying to identify some spots where myself and others who consider themselves beginners might "auto-setmine" without being offered the correct implied odds to do so. Unimproved pocket pairs are very difficult to play OOP.

Thanks,

Goldeen

Last edited by Jamie Goldeen; 02-17-2010 at 10:52 PM.
Setmining: some very basic math and other thoughts. Quote
Setmining: some very basic math and other thoughts.
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Setmining: some very basic math and other thoughts.
02-18-2010 , 12:41 AM
Set mining is soooo 5 months ago. Royal flush mining is where its at.

Bet sizing seems very important here. With the weak tight players at low limits its difficult to make a set = taking someones stack. It would seem much better to limp the low pairs against a table of weak tight players over the long run. Adjust to the situation I guess.
Setmining: some very basic math and other thoughts. Quote
02-18-2010 , 04:10 AM
Situation dependent. In your example villain is stealing a wide range from the button, anything possibly from PP's, SC Axs and any two picture cards. The flop would have to hit him fairly hard, at least two pair, FD/SD for him to continue to push the action. Compare this however to a nit with 4/4 stats, you can narrow his range down to QQ+, AK, he will be pushing the action on many flops, with a chance of getting his stacks.

Just my two cents. Would appreciate comments.
Setmining: some very basic math and other thoughts. Quote
02-18-2010 , 07:10 AM
Yeah, that's my point. We want to setmine in spots where our equity vs the range of our opponent is at its weakest. Obviously this is relative, so I was wondering how wide villains range has to be for setmining to be -EV.
Setmining: some very basic math and other thoughts. Quote
02-18-2010 , 07:59 AM
e.g. Do we fold 44 from the blinds when a positionally aggressive TAG makes a BTN raise. And if not, why not?
Setmining: some very basic math and other thoughts. Quote
02-18-2010 , 08:34 AM
Indeed, set mining is best done multiway and in position. In your example, villain's BTN stealing range is wide enough so that flatting OOP solely to setmine will be unprofitable as we are not going to get paid off enough when we flop the set (as you correctly pointed out). The thing is, pocket pairs do not have to be played only for setmining. A much better way of going about it is to know that you have good equity against his stealing range and play accordingly.

ProPokerTools Hold'em Simulation
36,215,229,600 trials (Exhaustive)
Hand Pot equity Wins Ties
22-9952.46% 18,832,562,580334,392,660
35%47.54% 17,048,274,360334,392,660

To answer your question, the way playing a small-medium pocket pair vs. a BTN steal would be very villain dependent. I'm folding to a decent LAG most of the time, and would only do something different purely for range balance (I find playing good LAGs with a low PP OOP difficult at best). Against a positionally aware TAG (as in your example), I would consider how he goes about stealing on the BTN, looking at his foldto3bet% and cbetflop% mainly. If villain has high foldto3bet%, 3betting smaller pairs is probably a better line, and restealing is probably very effective. On the other hand, if he has a very high cbet%, but shuts down on turn if his cbet is called, a different line can be taken; there is an argument for flatting (other than for range balance). Villain's stealing range will hit the flop 33% of the time (need flopzilla for a more accurate %), so provided he isn't a calling station, we can profitably float his cbet and take it down on the turn. Obviously this is more risky, and I'm not taking this line when a board is more likely to hit his stealing range, but against guys who cbet a ton and then shut down, this is probably the best line to take.

The similarity of both lines is that we are not setmining from the outset. I mean, if we hit our set in the process then it's a bonus, but this is not our sole aim.

Last edited by 1gx1; 02-18-2010 at 08:41 AM.
Setmining: some very basic math and other thoughts. Quote
02-18-2010 , 09:08 AM
Folding/3betting small pp from the blinds vs a taggy btnraise is better than calling
Setmining: some very basic math and other thoughts. Quote
02-19-2010 , 09:47 PM
Quote:
Originally Posted by 1gx1
Indeed, set mining is best done multiway and in position. In your example, villain's BTN stealing range is wide enough so that flatting OOP solely to setmine will be unprofitable as we are not going to get paid off enough when we flop the set (as you correctly pointed out). The thing is, pocket pairs do not have to be played only for setmining. A much better way of going about it is to know that you have good equity against his stealing range and play accordingly.

ProPokerTools Hold'em Simulation
36,215,229,600 trials (Exhaustive)
Hand Pot equity Wins Ties
22-9952.46% 18,832,562,580334,392,660
35%47.54% 17,048,274,360334,392,660

To answer your question, the way playing a small-medium pocket pair vs. a BTN steal would be very villain dependent. I'm folding to a decent LAG most of the time, and would only do something different purely for range balance (I find playing good LAGs with a low PP OOP difficult at best). Against a positionally aware TAG (as in your example), I would consider how he goes about stealing on the BTN, looking at his foldto3bet% and cbetflop% mainly. If villain has high foldto3bet%, 3betting smaller pairs is probably a better line, and restealing is probably very effective. On the other hand, if he has a very high cbet%, but shuts down on turn if his cbet is called, a different line can be taken; there is an argument for flatting (other than for range balance). Villain's stealing range will hit the flop 33% of the time (need flopzilla for a more accurate %), so provided he isn't a calling station, we can profitably float his cbet and take it down on the turn. Obviously this is more risky, and I'm not taking this line when a board is more likely to hit his stealing range, but against guys who cbet a ton and then shut down, this is probably the best line to take.

The similarity of both lines is that we are not setmining from the outset. I mean, if we hit our set in the process then it's a bonus, but this is not our sole aim.
Thanks for this, it raises some interesting points. And thanks to Ligic for giving me some confirmation.

I'm going to touch on your point about 3betting vs villains wide steal range as a means of blind defence.

I think our image and dynamic comes into play here. For example, if we have history with villain and he knows we don't 3bet from the blinds much in this situation, 3betting ATC should show immediate profit in a vacuum. Any hand which doesn't have postflop value but has either decent equity vs villains flatting range (such as 22) or a blocker vs the top of his range (raggy Ax) should theoretically be a good hand to 3bet light here. That said, both of these hands can become difficult to play postflop in that with 22 we think we often think we have more equity vs villains c-betting range than is actually true and with Ax we're tend to be lost/start valuetowning ourselves when we hit.

Besides, in this situation, however, I rarely have a nice clean image. I like to both steal and defend my blinds aggressivley when the situation dictates itself neccessary, and when a positionally aggressive reg starts getting out of line on the button, my initial response is to throw in a few 3bets with hands like 22 where I have a.) a decent amount of FEq and b.) a hand which has decent equity vs villains likely flat-calling range (quite narrow).

Most regs at my stakes (25NL) adjust to my re-steals by incrasing their flatting range; they will see flops with a variety of suited-connectors, lower pocket pairs, sutied Ax etc knowing that I'm 3betting them light a high percentage of the time. This isn't really an ideal adjustment, because it's easy for me to readjust by a.) increasing my value 3bet range and b.) occasionally flatting playable hands from the BB and c/r'ing flops that generally miss my opponents range. I like doing this with suited connectors because I can c/r a wider variety of boards as a semi-bluff, and even when I don't connect and I'm called I occasionally pick up some equity on the turn. My point is that hands like 22 become difficult to play in these spots because:

a.) we no longer have much FEq by 3betting, and our hand is hard to play OOP in a 3bet pot UI and we're more likely to make mistakes than our opponent.

b.) Your point about floating random flops is wrong. Flat calling is bad because, even if villain is if villain is c-betting 100% of his 35% steal range, there are actually very few boards that we have equity to float (it's possible that 345 may be the only one IMO, play around with pokerstove and prove me wrong if you like) so we usually have to turn our hand into a bluff somewhere to justify this strategy. We have a lot less SD value than you think. I actually crunched some numbers a few nights ago and I think that floating flops with one overcard to our pocket pair (say, 99 on K26) is fine assuming we fold to a second barrell on almost any turn card (I'll probably go into this another time...)

c.) If we're planning to c/r flops that don't hit villains range, we have very little equity when called - wheras with SCs we can semi-bluff draws or pick up equity on the turn when our c/r is called.

Basically, I'm never really flatting 22 pre in this spot. Point 'b' above touches on something else I've been working on, which is how stronger PPs like 77-99 play from the blinds in this spot. If I find anything interesting I guess I'll post it here for people to look at.
Setmining: some very basic math and other thoughts. Quote
02-19-2010 , 11:00 PM
Additional considerations with low PP:

If we hit a set, it might not be good, or it might not hold up. This gets expensive when it happens.

If we whiff, showdown value is low.

The issues are less of a problem with the medium PPs.

All things considered, I rarely play 22-55 OOP except against the truly nitty and the truly depraved. 66 and higher, I start to think about my options.
Setmining: some very basic math and other thoughts. Quote
02-20-2010 , 01:29 PM
I think the 5/10 rule oversimplifies, personally. That is to say that I don't really like it as a 'rule', not that I disagree with the supporting observations made by Ciaffone on the topic. It only really addresses the importance of SPR, when there are many more equally important considerations to be made when deciding how to play PPs to a raise. I think it's an interesting topic though. I made the post because I think a lot of beginners overestimate their implied odds with these hands, and also overestimate the amount of SDV they have when they miss which often leads to us playing our hand as a bluffcatcher when our hand isn't really strong enough for the task.

Last edited by Jamie Goldeen; 02-20-2010 at 01:42 PM.
Setmining: some very basic math and other thoughts. Quote
Setmining: some very basic math and other thoughts.
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Setmining: some very basic math and other thoughts.

      
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