Friday, October 2, 2009

The Continuation Bet

Continuation bets are funny things. Everybody places continuation bets and we usually expect each other to place them, but we don’t really analyze the process. Almost everybody places continuation bets but few people realize why they do or how much strategy there is behind the continuation bet.

In today’s lesson on the art of the continuation bet, we will cover five topics:

1. Explanation of the continuation bet
2. The purpose of the continuation bet
3. When to place continuation bets
4. Stealing others’ continuation bets
5. How to defend against floaters

Explanation of the continuation bet

First of all, a continuation bet is a bet that is placed on the flop by the person who raised the hand preflop. Let’s use an example to get started. Say you raise preflop with a hand like AQ. One of the opponents, it doesn’t really matter who, calls your preflop raise and the flop comes down 23J. He checks to you, you bet and he folds. There you go; you have just placed a c-bet. It doesn’t matter if you hit or miss your hand or if your opponent calls or folds. A c-bet is any bet that you place on the flop after raising preflop.

The purpose of the continuation bet

Now that we have the idea of the continuation bet down pat, let’s move on to the reasons we use them. There is more logic behind the continuation bet (c-bet from now on) than just well you raised preflop – you have to bet!

There are three major reasons we place c-bets:

To win pots:

The main reason you place a c-bet is because there is a pot of money in the middle of the table just begging you to take it. Your opponent has no idea what you have you might just have AA for all he knows. You did show strength by raising preflop so go ahead and see if you can take the pot down. Even if the flop completely missed you, your opponent will need a good reason to continue against what looks like a strong hand. So go ahead and get yourself that money. Every little bit helps.

To remain unpredictable:

The second reason we place continuation bets is to keep our opponents guessing. You would be predictable if you only placed flop bets when your hand was strong and checked when it was weak. Everybody would be able to play perfect poker against you and that would be no good.

To protect your hand:

A part of basic sit and go strategy is raising your strong hands preflop so that you can charge weaker hands to stay in and try to beat you. After you have raised preflop, there’s a pot out there that you need to protect. You don’t want to let your opponents draw for free so you place a c-bet.

When to place c-bets

There are good times to place c-bets and then there are bad times. Against a single opponent, it’s almost always a good time to place a c-bet. Unless you are up against a super calling station, an insistent floater or a really scary board, it’s safe to bet almost 100% of the time against a single opponent.

The best time to place a c-bet is when you have position on a single opponent. One of the worst times to place a c-bet is when out of position against multiple opponents. When you are out of position against two or more opponents, too much is going against you to profitably continue the hand. Even when in position, you should usually skip the c-bet if there are multiple opponents in the pot.

Insistent floaters are people who call continuation bets for the sole purpose of stealing the pot from you on the turn. They know all about c-bets and they love to steal them. I’ll get to these guys later.

Stealing others’ continuation bets

Now that you know all about c-bets, why not try stealing them from other people? You know that at least half the time you place a c-bet, you don’t really have anything. When other people place c-bets, especially tight, predictable players, you have a great opportunity to call the c-bet and then wait from them to check to you on the turn so that you can place a bet and take the pot.

The term for this play is floating. It’s really annoying when other people float you, so you should do it to other people. No, you don’t do this just to pass the annoyance on; you do it because it’s a hard play to defend against. It wins pots and it keeps you unpredictable.

How to defend against floaters

Floaters are annoying because they constantly steal the pots we are trying to take down. They like to call c-bets so that they can steal the pot on the turn when you slow down and check. Well, there are three things you can do to defend against the insistent floater:

Raise less preflop when out of position

If you’re raising a bunch of trashy hands preflop, it’s going to put pressure on you to c-bet while at the same time making it less likely to hit a real hand. The floater has the advantage because it’s going to be hard to win many pots without decent hands from out of position.

Continuation bet less

No, this isn’t giving up and letting the floater win. It is simply a change of tactics. By c-betting less, you are increasing the percentage of good hands that you do c-bet with. If you are c-betting with strong hands more often, the profitability of floating you diminishes.

Check-raise the turn more

This one will keep the floater wondering. If you have a strong hand, go ahead and c-bet it and then go for a turn check-raise. This will totally take the floater off guard and he’ll remember it the next time he thinks about floating you. Every once in a while, just to mix it up, check-raise the turn as a bluff. Use this sparingly, though, because it’s expensive and there’s a chance the floater will think you’re just getting mad and bluffing.

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