I think I mentioned it some time back.. Obviously this applies to ring.. I dont play many tournaments - but I guess its important there too.
This is horribly complex. In essence - as you know the ppl on the blinds will on average have crap cards so if you have any strength e.g AJ os in mid/late postion you must raise or else you risk them striking a pair and you losing the blinds to a weaker set of hole cards. You should also raise with AJ os in mid/late to punish previous limpers with pp.
The problem in ring is the rake - if you 'attack' with 4bb (4*big blind not bet)
with AJ- then your left with a guy might call you on BB with 9A(fair enough) if he hits his 9 an you hit the jack the betting will get quite hostile BUT.. you are only fighting over the blinds - you can end up paying 25bb to win 1.5 bb - and given two players of equal ability - somewhere down the line the situation will be reversed so rather horribly the rake doubles. SO - when you go through the maths for typical 4bb attacks on blinds you end up paying nearly twice as much in rake as you do in winning the bloody things... In Skalansky speak attacking blinds then becomes -eV.
You have to attack the blinds in poker beacuse this is the major leak in the game otherwise - even in ring. This is good because it makes the game happen.. BUT actually a 5% rake means classical 4bb attacks aren't a good idea. - It also means that top pair betting (i.e poker) is suppressed.
I'm waiting for the traffic on poker champs to get up - this guy Hansen clearly appreciates this. What is dissappointing is that the poker sites are being so greedy at the moment with rake that they are killing off the chance to play good poker. At PP for example you are left waiting for the nuts because it's not worth playing for high pair - this dries the game terribly.
Again this is observing loads of other ppls game at looking at the math - not just my game.
You'll notice with
Pokerstars that at 0.02/0.04 there is no rake for the first $1 - this is critical. High pair is typically worth about 80 c at that level so on PS at the lowest level you can actually play Poker!!.. It also encourages weaker players to move up the limits. Most money is made by good players hitting high pair - but they have to be allowed to bet it out.
Depending on how you play only AA and KK as hole cards are generally worth more than the blinds - therefore you must use any strength to pick up the blinds - but geeze is it hard.
In tournament you don't have an in-game rake - if you did (at 5%) an average two table SnG would last about 50 hands before the money vanished from the table!!
Bob