Monday, May 18, 2009

Foxwoods short-stack experiment

I went to Foxwoods yesterday, and decided to try playing a short-stack ($100) at 1/2NL. Sadly, I didn't run well. A few key hands:

1. First orbit at table: 2 limps, I raise to $15 with AA, folds all around.

2. One limper, I raise to $10 with AT of clubs on the button, laggy limper calls. Flop comes AQ9, all spades. Limper checks, I bet $15, limper flats. Turn comes a 4 of spades, limper checks, I probe-bet another $15, limper comes over the top for $40. He flashes a 2 of spades, so presumably he had A2.

3. One limp, I raise to $10 with QT of spades in late position, tight button calls, BB and limper call. Flop comes AK8, 1 spade. Two checks, I bet $25, button calls, 2 folds. Turn comes a blank, I check, button bets $60, I fold.

4. New table: straddle is on; I'm down to $64. Super-lag raises to $12, ultra-loose player calls on my right. I wake up with AQs in the SB and move in. Super-lag snap calls with AK -- no help from the board. I rebuy to $100.

5. A few hands later... a few limps around, I wake up with Ac Ks in the SB, raise to $15, get 3 callers. Flop comes J58, 2 clubs. I check, super-aggro lady on my left bets $20 into $60 pot, 2 folds, I call getting 4-to-1 odds, with the plan to shove all-in on any A, K, or club (28% of turns). Sadly, turn comes a brick, and I check/fold. She claimed to have had AJ later, which I doubt, though truthfully 22 had me crushed!

Overall, I think these hands were fairly standard and I was just unfortunate to not win any big pots (biggest win was $20, I think). I also bled blinds like crazy (~$70 over 8 hours) because almost every hand was raised pre-flop, so I saw few flops (and couldn't call the raises with a short stack).

It also seems like the strategy of 2/3 of the players there is to see a flop with speculative hands for $15 or less and hope to bomb someone post-flop. This suggests two lessons:

1. I should wait to go back until I can afford to buy in deeper ($200 or more) and have 2 full rebuys in my back pocket, which would allow me to see more flops.

2. I should 3-bet people a little wider than QQ+ and AK, because it seems that people raise and call very wide pre-flop, but are also VERY uncomfortable with calling or 4-betting big 3-bets pre-flop themselves without a premium hand (i.e., AK or JJ+). Taking down a couple more raised pots with a 3-bet would add to my winrate enormously.

5 comments:

jc said...

Buying in deeper only makes sense if your opponents are worse players and they have deep stacks as well. Otherwise your deep stack is only as shallow as theirs.

I think the 3bet idea has merit, however realize that when people open raise to $15 and call a 3bet, remaining stacks will be VERY shallow.

Peter Bermel said...

Hey jmc,

Good points. First of all, I think most of my opponents were less than great. It was pretty easy to put them on hands and/or they were way too bluffy in their play. And yes, they had much deeper stacks than myself, for the most part. The shallow-stack players usually busted out fast.

As for 3-betting, I agree 100% the SPR will be quite low if you see a flop. The goal is to take down most of those pots pre-flop, since most players seemed quite uncomfortable with seeing a flop in a 3-bet pot with any non-premium holding. However, if they do see the flop, their holdings are almost face-up, and you can play accordingly.

Peter Bermel said...

The Horseman also had a couple of comments that I'd like to address:

1. I should have shoved the J58 flop with AK since I only had a little more than a pot-sized bet.

I felt like an open-shove was just begging to be picked off by AJ or KJ by 3 opponents yet to act (2 of them were quite loose and wouldn't necessarily fold to the overpair I would've been representing there).

2. A strong ace (like AQs) only has value in tournament play.

I think you have to 3-bet shove from the SB with AQs with so much dead money in the pot and so little left in your stack. What else are you going to do, fold? I agree that AQ is bleh for a deep stack calling a raise OOP, for example. However, this is a much different situation, and really was more like a tournament where a laggy big stack might raise with a wide range and I'm coming over the top to (hopefully) pick up the dead money. Even when called by AK or KK, I still have some (25-35%) equity with at least 3 pair outs plus straight + flush possibilities. And of course I'm flipping with JJ- with decent overlay (compared to my stack size).

jc said...
This comment has been removed by the author.
jc said...

If your opponents are really folding that much preflop, doesn't 3betting w/ a hand like TT/AQ or AJ essentially turn your hand into a bluff? That is, your opponents will fold most of their raising/calling range but won't fold hands that crush you. At this point, you might as well start calling w/ AQ and TT in position and reraising w/ JTo as a bluff.

Yah open-shoving AK on a J high board into 3 opponents is pretty suicidal. Personally, I prefer the check/fold because the J hits your opponents' range so much and nobody folds QJ+ ever.

Idk what the guy's EP opening range is. Let's say he opens like 20% and calls an all-in fairly tight, like TT+/AQ+ (5%). You get a fold 75% of the time and a call 25% of the time. When you get called, you're 37%.
pot is 24+1+2+4 = 31, and you shove 63 more.
.75*31 + .25*(.37*(31+63)-.63*63)
= +22
Seems like a good shove unless you've horribly overestimated his EP opening range. Even if the guy is opening 10% of his range and he calls you 5% (you get called 50%), it's still a profitable shove w/ AQs. (+13)