When it comes to sizing your opening raises, I've read different - and contradicting - theories in different literature, which fall into three different categories.
- Always bet the same amount
- Bet more the earlier your position
- Bet less the earlier your position
However, I was just reading Phil Gordon's Little Green Book and I fell in love with the way he thinks about sizing your bets when opening the pot. He basically says that the earlier you act, the less you should raise, for a few different reasons:
- Committing fewer chips to the pot when out of position. Being OOP after the flop makes it difficult to play and so you want to control the pot a bit more.
- A smaller raise encourages opponents to play against you when you have a premium hand. Which, by the way, is what you will have when opening from early position, anyway.
- Bigger raises from late position put real pressure on the remaining players to fold and make it harder for the blinds to re-raise. When in late position, your opening range is wider, so you want to discourage most callers, while giving value to your more speculative hands.
- When raising in position, there is more money in the pot. If you have position, you're in better shape to take the pot, so you want it to be bigger when you're in that situation.
Early: 2.5x - 3.0x
Middle: 3.0x - 3.5x
Late: 3.5x - 4.0x
SB: 3.0x
I can't wait to try this in my next tournaments and see for myself if it's an EV+ strategy.
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