| Example
1
Suppose your hand is not as good as your opponent's
when you bet. Your opponent calls your bet,
and you lose. But in fact you have not lost;
you have gained! Why? Because obviously your
opponent's correct play, if he knew what you
had, would be to raise. Therefore, you have
gained when he doesn't raise, and if he folds,
you have gained a tremendous amount.
This example may also seem too obvious for
serious discussion, but it is a general statement
of some fairly sophisticated plays. Let's
say in no-limit hold 'em you hold the and
your opponent holds an offsuit
You check, your opponent bets, and you call.
Now the ace of diamonds comes on fourth street,
and you bet, trying to represent aces. If
your opponent knew what you had, his correct
play would be to raise you so much it would
cost too much to draw to a flush or a straight
on the last card, and you would have to fold.
Therefore, if your opponent only calls, you
have gained. You have gained not just because
you are getting a relatively cheap final card
but because your opponent did not make the
correct play. Obviously if your opponent folds,
you have gained tremendously since he has
thrown away the best hand.
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