Quote:
Originally Posted by Foucault
Three reasons why a player would call turn and fold river:
1. He was hoping to improve his hand but did not.
2. The river card improved the better's range to the point where he no longer felt good about calling down.
3. He was hoping the better would not bet again.
The Multi-Street Clairvoyance game demonstrates that, at equilibrium, the better must employ a mixed strategy with his bluffs, having some that never bluff, some that bet turn and not river, and some that bet both streets. Likewise, the caller must have some hands that fold turn, some that call turn and fold river, and some that call both turn and river. Any pure strategy, or even a mix that does not include all three options at the right frequencies, would be exploitable.
Hello, thank you for your reply and your patience!
I am still not seeing where the potential exploit is on the turn. If my opponent knows I will always bluff the river after bluffing the turn, then I will have too many weak hands betting the river, but the text talks about a possible exploit on the turn. So my question is what range adjustment would my opponent make on the turn if he knew I will always bluff the river as opposed to if he didn't know. If he has a low flush draw ("He was hoping to improve his hand but did not.") he would still likely call the turn bet whether he knew I would bet the river again or not.
If I am bluffing too much on the river and opponent knows that, then he could exploit me by calling wider on the river, but on the turn, many draws still call even though they have no showdown value, so "he could exploit you by never calling the turn with hands he did not plan to take to showdown" still does not make sense to me. If you could provide an example of such an exploit I would greatly appreciate.
In other words, if I understand correctly, some bluffs must give up on the river so our river betting range is not too bluff heavy, but if opponent knows that we will always bluff on the river, how does that change the range composition that they decide to proceed to the river with on the turn? It seems to me that knowing that my opponent will bet again on the river does not affect my turn actions but only my river actions, while the book talks about an exploit on the turn...