Yesterday I was hanging out with two poker friends, talking poker talk and gossip. One of them, who for purposes of this blog post I’ll call “Melanie,” mentioned that she just started playing online poker again, at the micro stakes.
The problem, says Melanie, is that the players are so bad at blinds of $0.02 / 0.04 that it’s hard to win. But once she moved up to $0.05 / 0.10, the play becomes a little bit more rational and she’s winning at that level. One of her complaints is that at the micro-est of the micro stakes, there’s not enough money at risk for people to be willing to fold.
When I play online (cash games only), lately it is at blinds of $0.50 / 1.00. I’m not sure if this is “low stakes” or “mid stakes” but it’s still pretty low in the overall scheme of things. I told Melanie there are still plenty of bad players at this level, and all of the levels in between. Rather than try to avoid the bad players, why not exploit them?
One way to exploit bad players is by folding. If they won’t fold, you won’t win by bluffing. So playing lots of junky hands with the intention of “out-playing” them when you smell weakness isn’t going to work. Another way to exploit bad players is by betting strong hands for value, in ways that maximize the pot size when they call.
Here are two examples:
1 – Eight-Four is Money!
In this hand, I was the big blind with 84 off-suit. There is a min-raise to $2 from middle position and everyone else folds. Really, I should just fold as well. In the back of my head I hear the voice of our friend Myles saying “eight-four is money!”
Since this summer’s World Series of Poker TV broadcasts, I’ve noticed a lot more min-raises in these online cash games. Apparently, people see the pros on TV making very small pre-flop raises, frequently just 2x the big blind. It’s one thing to do that in tournaments, where the blinds are increasing, causing lower and lower stack-to-pot ratios as the tournament progresses, and chip preservation is paramount. It’s a fine strategy for tournaments. But for deeper stacked cash games, I think it is ill-advised. If we are going to exploit other players by value betting when they call too much, we should bet as much as we think they will call, which is more than a min-raise.
Anyway, I call the extra dollar, and the flop is A84 rainbow. Yahtzee! I have bottom two pair.
I check, with the intent to check-raise. If he makes more than a token C-bet, indicating a good chance he has an ace, I’m going to make a very large raise. He does and I do. He bets $4.50, which is a pot-sized C-bet. A pot-sized re-raise would be $18, and I decide to make it $21 as a slight overbet. If he calls, I’m going to shove any non-ace turn card.
Perhaps this seems too aggressive. Won’t he fold a hand like AK to such a large raise? Yeah, maybe. Or maybe he’ll spazz out. And he does, coming back over the top with an all-in shove. I started the hand with $99 and he had me covered. Of course, I snap call, and to my amazement he only has TT. The turn and river cards don’t help him, and I double up my stack.
I guess he just convinced himself that I was full of shit, my raise was so large it must mean that I want him to fold, and being the pre-flop raiser he could represent a stronger hand than I could. I wish I could have seen the look on his face when my hand was revealed…
2 – Putting the Tilted Guy on Tilt
In this hand, the villain in Seat 8 had lost 1/3 of his stack just two hands earlier, in a pre-flop all-in battle of the blinds. He had AK in the BB, while the SB had AA. Whoops!
Here is a link to ShareMyPair to see a replay. When the river gave me quads, I decided to go for the whole enchilada, expecting a nominally tilted guy to run through the stop sign and crash.
Thank you kind sir! I’ll take better care of your poker chips than you did.
Bad players make bad mistakes. We can exploit them – trust me Melanie, this is fun – as long as we keep in mind that the #1 mistake bad players make is calling when they should fold.
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