Value
Betting a Key Skill
One of the most important skills to learn,
especially in today’s game, is how to properly
bet for value. Betting for value means exactly
what it sound like, getting the most out of your
hands. This means that value betting applies
purely to made hands, as there is no value in
betting a weak hand if a player calls. Value
betting involves two basic concepts, stack size
in relation to pot size and the size of bets in
relation to hand strength. These two concepts
may seem foreign at first, but you will see that
they are easy to understand and apply with just
a little bit of practice.
Stack size in relation to pot size
Lets take two examples and see which would be
the easier situation to get your opponent all
in.
Example One
Your opponent has $20 left and the pot is
$100
Example two
Your opponent has $100 left and the pot is
$20
The first example presents an infinitely
easier situation for us to get the other player
all in. They have little left relative to what
is already in the pot. The second example,
however, is the exact opposite scenario. It is
much tougher to convince a player to put all of
his money in the pot when there is so little to
be won. The money in the first pot indicates
that the player likely has a strong hand and
that he is unlikely to give up. The money in the
second pot tells us that we do not know if the
player has a strong hand or if he is at all
willing to put much more into the pot. In hand
one we have little work to do, in hand two we
have a lot of work to do. I will play this hand
out after we discuss the second major concept
involved in value betting.
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Size of bets in relation to hand strength
You are probably thinking something along the
lines of “The stronger my hand the more I bet.”
You need to be thinking the exact opposite. You
should be considering your opponents hand
strength when making value bets. This is not to
say that you should pay no attention to your own
cards, not at all, but value betting assumes
that you have a strong hand. Value betting with
weak hands is virtually impossible. You can do
it, but if you are getting called with a weak
hand the odds are that you are beat. So, if you
can put your opponent on a strong range of hands
you can make larger value bets, where if you put
him on a weaker range you can make smaller bets.
It really is that simple. Adjust to what you
think your opponent has.
An example
You are dealt Ac Kc UTG and raise to $4 at
.50/1.
One player in LP calls.
The flop is As 7c Ks, the pot is $9.50.
You check raise his flop bet of $7 to $18. He
calls.
The pot is now $45.50 as the turn is dealt,
6d.
He called your flop check raise so you can
put him on either spades, a strong ace or two
pair.
A solid value bet would be $31. It is enough
that he will call this street and it leaves him
with a pot sized bet on the river. You are
setting up the last value bet.
By check raising to $18 you can assess his
range, and by betting $31 into $45.50 you leave
him with just $50 left on the river (assuming he
had a 100 BB stack at the start of the hand). He
will feel committed to call. This is how you
properly get three streets of value from the
villain, keep them in the hand until all their
money is gone. Value bets take bits of a stack
at a time, bits that eventually make up the
entire stack.