re: Poker & Bluffing theory
Well, there is no "right" answer. I have picked up some logic to apply along the way. This is strictly a math question. In poker it is true there is a lot to consider, opponents previous play etc. Let me put out some more food for thought:
Let's say you bet the pot on the river 100% of the time, no matter if you make the hand or not.
It is correct for your opponents to always call, and you will lose 75 percent of the time.
Now, lets say I tell you, I will only bet when I make my hand, 100% percent of the time and when I miss, I will fold.
Now, when I bet you know to fold.
OK now lets say I told you when I make my hand I will bet, and when I miss I will still bet, but only 30% of the time.
Now, if you always fold I will win when I make the hand, but I will also win the 40% when Im bluffing, making it profitable, or 55%. If you always call, You can now only win 55% of the time...which reduce your original 75 percent edge. We are now at almost a coin flip, and tough decisions to call or fold are left for your opponent. This is pretty general. Another Question: how do you defend against bluff theory?