This COTW was born from a discussion from an newbie poster on his plan of attack after flopping second pair holding the monster 36o from the big blind. That discussion is
here if you want to read the background. Poster stranglylucid and I discussed whether to check/fold or stab in spots like this, and parameters when one might be better than the other. I was on the argument of "yes, stab". Shortly after this thread, I was reading Ryan Fee's 6max strategy guide (not sure why, since I'm a full ring player), but he also contained a section on stabbing at unraised pots - when to do it, why to do it, etc. Ryan was in the "stab" camp, also. Between the thread, and Ryan's suggestion, I did some digging on my own, and decided it was a topic worthy of a COTW.
"Why" to stab at unraised pots can be best summarized using the immortal words of KurtSF - the theme of his "isolating limpers" COTW.
Let's dig into that - why do they suck? Limpers are the most obvious manifestation of fit-or-fold poker - they see two shiny cards in their hand, they imagine making powerful straights, flushes, or, erm, two pairs with them, and they toss in the cost of the big blind to see if, this one time, they will hit their monster hand.
We 2+2'ers know better - nobody ever hits a flop in Texas Holdem. Hitting a flop is just a backup plan to blind stealing, 3betting light, 4betting light, isolating limpers, re-isolating isolaters, and squeezing. "Hey, look - I hit trips after squeezing with K7s! Sweet!" We know that people hit flops roughly 1/3 of the time, and many of those flops are technically "hit" but too weak to continue (like bottom pair). Lets go to a hand.
Full Tilt No-Limit Hold'em $0.05/$0.10 - 9 players
Button: $13.56
SB: $3.10
BB: $10.00 (Hero)
UTG: $3.50
UTG+1: $5.00
MP: $10.44
MP2: $10.01
HJ: $4.95
CO: $14.38
Preflop: ($0.15) Hero is BB with
(9 players)
3 folds,
MP2 calls $0.10,
HJ calls $0.10,
CO folds,
Button calls $0.10,
SB folds,
Hero checks
Flop: ($0.45)
(4 players)
Hero bets $0.30,
3 folds
Hero won $0.42
(Rake: $0.03)
I flopped second pair and a flush draw - a pretty nice hand. Of course I'm going to bet that. Something interesting happens on the way to my flush, though - 3 players fold and I take down the pot. Nobody had a king, someone might have had a jack but they were afraid of the king, and nobody had two hearts. This board didn't line up with their crappy limped hands, so they folded. 4 and a half big blinds for me. Here's another.
Full Tilt No-Limit Hold'em $0.05/$0.10 - 9 players
SB: $13.22
BB: $12.06 (Hero)
UTG: $10.87
UTG+1: $7.00
MP: $8.91
MP2: $31.61
HJ: $8.86
CO: $12.54
Button: $12.76
Preflop: ($0.15) Hero is BB with
(9 players)
3 folds,
HJ calls $0.10,
3 folds,
Hero checks
Flop: ($0.25)
(3 players)
Hero bets $0.18,
HJ calls $0.18
Turn: ($0.61)
(3 players)
Hero bets $0.35,
HJ folds
Hero won $0.57
(Rake: $0.04)
One limper this time, I flop an open ender with my all-powerful deuce-four. This time, I get a call. The turn pairs the top card on the board, which should change nothing as far as who was ahead or behind on the flop (my strong suspicion is that I wasn't ahead with 4 high). But limper folds the turn - he decides I'm serious with my second bet and folds (even though we all know that second king drastically reduced the chance that I'm holding one). Or maybe he had two diamonds or two broadways in his hand and wanted to see if the turn gave him a flush or straight draw (don't laugh, a guy in my home game does this routinely).
In the above two hands, I was just betting my equity and got folds. This is always a good plan, but do we really need that backup equity every time? Remember what KurtSF said - limpers suck at poker because they're trying to hit hands, and hitting hands is hard. Let's try one more.
Full Tilt No-Limit Hold'em $0.10/$0.25 - 8 players
CO: $25.62
Button: $21.57
SB: $25.00
BB: $25.00 (Hero)
UTG: $15.12
UTG+1: $26.00
MP: $16.21
HJ: $49.37
Preflop: ($0.35) Hero is BB with
(8 players)
3 folds,
HJ calls $0.25,
2 folds,
SB calls $0.15,
Hero checks
Flop: ($0.75)
(3 players)
SB checks,
Hero bets $0.45,
2 folds
Hero won $0.72
(Rake: $0.03)
First limper was a glorious 75/13, second limper was a 23/9 (50-odd hands on each). Board is king-high, rainbow, and uncoordinated. Not much in the way of draws for either player to chase. I stab with ace high and get two folds. Let's look at how this flop looks to the 75/13 guy using FlopZilla.
I've highlighted the moral of the story down at the bottom of the pic. "Range has hit 24.0% of the time". Which is another way of saying, of course, "Range has missed 76% of the time".
Extra Credit question: Was my stab out with ace high a bluff, or a value bet?
So let's run an HEM filter and see if stabbing in limped pots from the blinds is profitable. I filtered on "Big Blind" for my position (you can do small blind, also, but the filters end up being harder, plus I usually only complete from the small blind when I have some kind of hand, and I wanted to drive home the point that your hand doesn't matter when stabbing). I also filtered on "1 limper and 2+ limpers". (stabbing works better with 1 limper, but my results don't suck with 2+, either, so I'm keeping them together here). On the "Filter by Actions" tab, select "Check" under "Preflop Actions", and select "Bet" under "Flop Actions". Here's the punch line, my results:
Disclaimer: I'm not a high-volume multitable guy - I'm a middle age shlub with a job who plays 10,000 hands a month if I'm lucky (and I need some of it to be Rush poker to get there). So my sample sizes are small. These results are taken from a total sample of about 64,000 full ring hands.
Now, I don't think we're all going to get rich stabbing at every limped pot out there. Clearly there are better times to do it than others. Number of opponents is important (fewer is preferable to more). Board texture is important (limpers chase draws, so dry boards are better than wet ones, unless you're the one with a draw and backup equity). Ace-high boards are bad (everyone limps crappy aces), but king-high and queen-high boards are excellent. All low, crap boards are good, also (we're playing the "that board hit my any-two-cards from the big blind range" game, whether it actually hit us or not).
One more hand to drive the point home.
Full Tilt No-Limit Hold'em $0.10/$0.25 - 8 players
CO: $10.00
Button: $10.25
SB: $25.00
BB: $26.49
UTG: $29.87
UTG+1: $25.76
MP: $53.29
HJ: $25.92
Preflop: ($0.35)
(8 players)
3 folds,
CO checks (posted BB),
Button folds,
SB calls $0.15,
BB (Hero) checks
Flop: ($0.50)
(4 players)
BB bets $0.50,
2 folds
UTG won $0.72
(Rake: $0.03)
What did I have? Does it matter? Ok, I'll show you.
Dealt to HERO
thanks for mpethy and those in charge for letting me contribute.