Quote:
Originally Posted by Mason Malmuth
The second error I see is the idea that in multiway pots your opponents will all call at the same frequency. This usually is not the case as players in the middle will often give up on their bluff catchers because they're afraid of an over call that will beat them. By the way, you see this, I believe, in all poker games and is consistent with my understanding of game theory where most of the calling burden is placed on the person last to act. So unless this is addressed later, in my opinion it's a serious because more light c-bets should be profitable, especially if the last to act does not understand that the majority of the calling burden is on him.
Best wishes,
Mason
Maybe you've missed this, but it is accounted for under the 'Multiwayness' section of Chapter 4.
"Without going into the specifics of any exact situation, let's assume that, on average, on this dry flop our c-bet yields a fold 60% of the time vs. this player. In this case, we'd be very happy c-betting even with minimal equity hands as we'll win the pot often enough and it's doubtful that this opponent is going to punish us for c-betting a wide range (he's straightforward remember.)
Now let's add two more equally straightforward players to the mix and see what this does to our fold equity.
Let's assume that because we're now four-handed the other players recognise that they need to be even tighter with their continuing ranges to a c-bet. Let's say now that each folds 70% of the time. Recall that to find the probability of X, Y and Z all occurring we multiply the three individual probabilities together.
0.7 x 0.7 x 0.7 = 34.3%"
I've increased individual fold equity from each player by 10% to account for this and explained why.