Poker school · lesson 5 of 7
Betting with a purpose
Why you bet, for value or as a bluff; how fold equity and semi-bluffs work; how to choose a size; and the continuation bet. 5 min read.
Two reasons to bet
Every bet should have a reason you could say out loud. There are only two.
- For value: worse hands will call. You want a call.
- As a bluff: better hands will fold. You want a fold.
If neither is true, checking is usually better. A bet that only better hands call, and only worse hands fold to, loses both ways.
Value bets
A value bet makes money when, of the hands that call, you beat more than you lose to. So ask which hands in villain’s range will call, and how many of those you beat.
Size it for the hands you want to call. Bet too big and only better hands continue. Against a calling station, bet bigger and with more hands; against a nit, expect only strong hands to call a big bet.
A river value bet
- The pot is 20 bb and you bet 14 bb, 70% of the pot.
- Villain must call 14 bb to win a 48 bb pot, so needs to be ahead 14 ÷ 48 = 29.2% of the time.
- If villain calls with plenty of hands you beat, the bet is for value.
Bluffs and fold equity
A pure bluff wins only when villain folds, and the chance that they do is your fold equity. A bluff breaks even when villain folds as often as the bet is a share of the pot it creates: bet ÷ (pot + bet).
How often a bluff needs a fold
- A third of the pot: 25% of the time.
- Half the pot: 33.3%.
- Two-thirds of the pot: 40%.
- The pot: 50%.
- A 5 bb bluff into 10 bb that gets a fold 40% of the time gains 0.4 × 10 − 0.6 × 5 = +1 bb on average.
Good bluffs come from hands that can’t win at a showdown, such as missed draws, ideally holding a card villain would need to call. And they need an opponent who can fold: a calling station gives you little fold equity.
Semi-bluffs
A semi-bluff is a bet with a draw. It wins two ways: villain folds now, or you hit later. The second way means it needs fewer folds than a pure bluff.
A flush-draw shove
- The pot is 10 bb and you have 30 bb behind with a flush draw.
- Say villain folds 40% of the time and you have 35% equity when called.
- When villain folds, you win the 10 bb: 0.4 × 10 = 4 bb.
- When called, you win 35% of a 70 bb pot, 24.5 bb, having put in 30 bb: −5.5 bb, which times 0.6 is −3.3 bb.
- In all: 4 − 3.3 = +0.7 bb.
- Calling a 30 bb shove with the same hand would lose 5.5 bb.
A flush-draw shove: two ways to win
You shove 30 bb into a 10 bb pot with a flush draw
Villain folds 40%
You win the 10 bb pot: +10 bb
+10 × 40% = +4 bb
Villain calls 60%
You win 35% of a 70 bb pot, 24.5 bb, for your 30: −5.5 bb
−5.5 × 60% = −3.3 bb
In all: +0.7 bb wins
Calling the same shove instead: −5.5 bb loses
Fold equity turns a losing call into a winning bet: that is the power of being the one who bets.
Choosing a size
Bets are measured against the pot. Small bets, about a third, risk little and keep weaker hands in. Big bets, two-thirds of the pot or more, charge the draws and build the pot for strong hands. An overbet, bigger than the pot, suits a polarised range of very strong hands and bluffs.
The size also sets villain’s price: a third of the pot asks them for 20% equity, the pot for 33.3%. On the river, use one size for your value bets and your bluffs, so the size gives nothing away.
What each bet size asks for
A bluff needs foldsA call needs equity (hatched)
The continuation bet
The player who raised before the flop usually has the stronger range, with more big pairs and big aces. Betting the flop to carry that on is a continuation bet, or c-bet. It works best on boards that favour the raiser’s range, such as king of spades, 7 of diamonds, 2 of clubs, and less well on low, connected boards like 8 of hearts, 7 of hearts, 5 of clubs, which hit the caller more often.
Board texture decides both how often and how big. On dry boards, bet small and often. On wet boards, bet less often but bigger. Out of position, c-bet less often than in position.
PokerIQ’s Balanced c-bet plan, in position
- Dry and high, like king of spades, 7 of diamonds, 2 of clubs: about 70% of the time, at a third of the pot.
- Medium and two-tone, like jack of hearts, 8 of hearts, 3 of clubs: about 55%, at half the pot.
- Wet and connected, like 8 of hearts, 7 of hearts, 5 of clubs: about 40%, at two-thirds of the pot.
- Paired, like queen of clubs, queen of diamonds, 4 of spades: about 65%, at a third of the pot.
- Monotone, like king of hearts, 9 of hearts, 4 of hearts: about 40%, at a third of the pot.
Five flops, and how often and how big the raiser bets
- K♠7♦2♣
Dry and high
How often70%
How big⅓ pot
- J♥8♥3♣
Medium
How often55%
How big½ pot
- 8♥7♥5♣
Wet and connected
How often40%
How big⅔ pot
- Q♣Q♦4♠
Paired
How often65%
How big⅓ pot
- K♥9♥4♥
Monotone
How often40%
How big⅓ pot
In PokerIQ
The Analyser values each bet and raise size against the player type you face: how often that type folds to each size, and your equity against the hands that keep going. Those figures rest on the type, so they carry the estimate badge. Bets and raises are valued after the flop; before the flop, raises follow your profile’s charts, such as all-in or fold on a short stack in a tournament and the iso-raise against limpers.
Rules R6 and R7 choose a bet or raise only when the best size beats checking or calling by your style’s margin: 10% of the pot for Tight, 5% for Balanced and 2.5% for Aggressive. The Analyser’s Betting calculator and the free Bet sizing calculator show the folds each size needs to break even.
In the Trainer, when it’s checked to you, the buttons are Check, Bet small (⅓–½ pot) and Bet big (⅔ pot or more).