[*] What are your interpretations of the late position "steal" hands? Do all speculative hands count if you are late enough? E.g. on the button?
[*] Does anybody want to supply some extra info from the section? My review is a bit rushed as I still have a bunch of work to do for tomorrow.
[/LIST]
here are my thoughts on this. This is not necessarily from his book, but from my experience. Though I started my SnG "career" after reading his book, so everything is
kind of based on his book, but I have adapted for use in my own game and the ever changing game dynamics....in other words...."your mileage may vary":
Any time you are trying to "steal" then it doesn't really matter so much what your hand is, it matters much more who is in the blinds and whether the reward is worth the risk.
Implied
odds and speculative hands are not such a big deal in SnG poker as compared to MTT poker because the stacks are generally shallower (shallower stacks = lower implied odds) and because the field is smaller you don't need to take nearly as many risks to make it to the money. For instance in a MTT you may need to 10x your starting stack to survive the bubble, but in a SnG you can often survive the bubble with only a double up, or a 2.5x starting stack. So, the bigger risks are not as necessary and also not rewarded as handsomely. (In a MTT top pay spots are often 10-50 times your buy in, but in a SnG the top pay spots are only 3-4x your buy in. More risk for more reward).
So later, when you DO want to steal the blinds you may be raising your button with some hands like 67s, but it is not because it is a
speculative hand it is because you have fold
equity and a hand that is likely very live against his calling range. I know it's a slight distinction but it's important for understanding the fundamentals.
Speculative implies that you KNOW your hand is behind and you're knowingly making a -EV play right now hoping to make a monster hand and get their whole stack when they CALL off with their strong hand. In the case of a SnG bubble stacks are so shallow you just want to take down the blinds THAT is your primary goal. If you happen to get called, it is a bonus to have a hand that is live. Basically, it's all about Fold Equity and not about winning stacks. Fold Equity makes hands like 67s +EV on the bubble.
So, generally when blinds are low I won't even bother "stealing" the blinds when it folds to me in late position. I'd rather preserve my "tight" image and fold equity for later when the blinds are big and I will be stealing relentlessly. IMO, raising KTs on the button is not actually stealing. It is value raising a marginal hand in position. I agree with the line the author recommends which is basically "raise a pretty good hand with position and if you get called play it cautiously and be ready to let it go"