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What is the right bluffing
frequency? It is a frequency that makes it impossible
for your opponents to know whether to call or fold.
Mathematically, optimal bluffing strategy is to
bluff in such a way that the chances against your
bluffing are identical to the pot odds your opponent
is getting. Thus, if, as in the example just given,
an opponent is getting 6-to-1 from the pot, the
chances against your bluffing should be 6-to-1.
Then that opponent would break even on the last
bet by calling every time and also by folding every
time. If he called, he would lose $20 six times
and win $120 once; if he folded, he would win nothing
and lose nothing. Regardless of what your opponent
does, you average winning an extra $100 every seven
hands. However, mathematically optimal bluffing
strategy isn't necessarily the best strategy. It
is much better if you are able to judge when to
try a bluff and when not to in order to show a bigger
overall profit.
To make sure we agree on what is meant by a bluff,
we will define it as a bet or a raise with a hand
which you do not think is the best hand. Bluffing
can be separated into a couple of different categories.
There is bluffing when there are more cards to come
and when there are no more cards to come. Secondly,
within each of these categories, there is intuitive
bluffing, which is the subject of this page, and
mathematical bluffing.
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