Bluffing Against Two or More Opponents

It is rarely correct to try to bluff out two or more people when all the cards are out; your chances of success decrease geometrically with each additional player in the pot. Paradoxically you might have a profitable bluffing opportunity against each of two opponents individually, but not against both of them as a group. Suppose, for example, you are heads-up on the end in a $10-$20 games. There is $80 in the pot, and you think you can get away with a bluff one out of three times. Clearly this is an extremely profitable bluffing situation. Once you will win $80, and twice you will lose $20 for a net profit of $40 or an average profit of $13.33 per bet.