Week 2 Flashcards
Equity Denial
Often misinterpreted as the act of forcing someone to fold; Denial is actually the act of laying portions of an opponent’s range a poor price
Ex: Betting 44 on A77, we deny JT the ability to realize it’s equity which is ~38%.
Capitalization
Act of betting which primarily allows our range to remain uncapped while providing secondary functions of:
Equity Denial
Protection
Information Accumulation
Realization
Act of protecting the equity of a hand, or range, largely through passive action. Realization is achieved during capitalization, but rarely is that the primary goal of betting.
In position, this is achieved almost exclusively through checking. OOP this is achieved through having a balanced, protected, checking range.
Capitalization Model
The idea behind this model is that ranges construct in such a way that leverages bets into a path to polarization, and checks with the intention to fully realize the equity of a hand (or range of hands).
Skipping capitalization and moving from Realization to Polarization or vice versa results in an imbalance.
SPR
The number of pot-sized bets a stack contains. The shorter of the two stacks is the effective number to measure by.
Stack-To-Pot-Ratio
Range Advantage
Measurement of EV differential between two ranges. The range which carries higher EV is the one that possesses an advantage.
Nut Advantage
The range that is uncapped will be the one that possesses the most potential combinations of relatively nutted hands
On flops this is more so qualified as the most hands of very high SDV– i.e. 2 pair+
Turn Distribution
The entire spectrum of potential turn cards grouped into buckets that will shift the EV of each range toward or away from advantage.
Polarization begins to align to the range that gains significant advantage
Block Betting
Aligns with a range that is mostly bluff catchers and some nutted hands
Utilized in spots where ranges are relatively symmetrical and both are largely capped.
Functionally allows us to set our own price when our opposition’s better and worse hands are both forced to call.
Generally 30% - 40% pot-sized bet used on turn or river
Protection Betting
A smaller sizing used for denial purposes versus hands that retain equity.
Synonymous with Down Betting or Range Betting
What we’re technically protecting is our equity share of the pot.
Often utilized in scenarios where our opponent never folds better, but holds a wide array of worse that has high equity against our specific hand, but will often fold. (see equity denial)
Down Bet
Sets a favorable price on equity denial while creating a challenge to our opposition to meet MDF.
The challenge is often the price will be good enough to call w/range but in order to be able to balance ranges moving forward, hands will have to be selected critically.
20% - 33% size mainly utilized on flop
Also referred to as a range bet as for this size, with Range Advantage, we can profitably bet 100% of range
Catch-All Size
This size is utilized for a couple of purposes.
Creates a difficult selection process for opponent’s bluff catching range. In practice, players tend to overfold and land w/an imbalance toward to the top; or over call and land on the next street with a bunch of hands that auto lose unimproved.
Pot Construction. Sizing up without over-investing in middling equity hands allows for us to earn value while setting up for either polarization or realization on the river dependent upon the runout.
40% to 80% sizing
Polar (Large Bet) Size
Aligns with a range that is shaping up to becoming polarized by the river, or is already polarized.
Size is rarely chosen on flop aside from already narrowed ranges preflop, i.e. 3! or 4! Pots.
Static Textures
Boards where very few runouts will alter range advantage
Dynamic Textures
Boards where equities between ranges are nearly symmetrical. Turns and rivers (runouts) will drastically shift range advantage throughout the streets.
Polarization isn’t always achieved by the river on these textures due to wider ranges making it to the later streets & larger SPRs due to infrequent flop & turn betting.
