How to get value, Bwammo Style (with examples!)
Soooooooooo, want to know how I build my stack so consistently? I get value in the weirdest places! It's really a quite simple concept that often gets lost when people enter into the tournament world. Many players forget that in order to actually win chips they need to be paid off by worse hands on a regular basis. Chipping up by getting folds is certainly possible, but nearly every pot will be small and the ones that aren't are going to cost a lot to win.
Here I've gathered up a few hands that I played recently to help describe just exactly what I mean by value. I believe these are from Rush On-Demand tournaments as that's what I've been playing primarily lately.
I didn't make him fold preflop, I let him hang around so he has the chance to donate more chips to my cause. Notice how small I am betting in relation to the pot size? I'm also betting very small in relation to our stack sizes. By doing this I'm greatly increasing the chances that this player will take a chance and see if he can strike it rich. I'm also minimizing the amount I must invest because I'm not at all certain that my hand is the best one.
Again, I raised small preflop allowing my opponent to stay in the pot, I bet small the whole way allowing him to give me whatever chips he wishes, and I was balancing my certainty that I was substantially ahead of his hand(at most he had 5 outs in my mind).
Another small raise preflop, which increases the likelihood of being flatted by a player in the blinds. Another small bet on the flop(chose to minbet in this spot) that let him put in money into a pot where he was drawing to 5 outs. On the turn I increased my bet size slightly to force potential flush draws and straight draws to pay slightly more and charge them the proper amounts while still allowing players with non draw hands that are worse than mind to stay in the pot. On the river I bet small again to get those really bad hands that stayed in there with me to pay me just a tiny bit more, while still minimizing the amount I might lose if this player check/raised me on the flush card.
They key to achieving proper value is by putting your opponent on the proper hand range and betting against the chances of it beating you on the next street
. Someone with 5 outs on the flop is typically going to win around 20% of the time if you let them reach the river, but they will only improve their hand around 11% of the time on the turn
. This means in order to charge a hand like this the proper amount, anything over 11% of the pot size is making it expensive on them. This means bets that are around 1/4 of the pot, while they seem really small and seem to be allowing our opponents to beat us more often, we are going to be winning extra chips roughly 89% of the time we allow them to pay less than a "standard" bet. Exciting stuff!