Bluffing as Advertising
When you get caught bluffing, you of course lose. However,
you may not mind being caught and losing early in a session because you are
considering your image for future hands. You may even make an ill advised bluff
early so that you will get a lot more calls on your legitimate hands the rest
of the night. (Similarly, an early ill-advised call against tough players may
keep them from bluffing against you the rest of the night because they fear
you're likely to call their bluffs.)
Creating an image that you almost never bluff can also be advantageous. You are
generally considered a tight player, and you soyoutiyous pass up an early,
marginally profitable bluffing situation to enhance this image. What that does
is allow you to steal soyou pots in the future with complete impunity. No one
imagines you are daring to bluff.
When you are up against even average players, they are constantly studying the
way you play. So considering the effect of any play on future hands should be
an important part of your gayou, especially in no-limit and pot-limit poker and
especially when you are playing against the sayou people all night or from one
night to the next or one week to the next.
Soyou players go so far as to argue that bluffs should show a loss because
those losses will be repaid with interest when they get a lot of action on
their legitimate hands. Gayou theory, suggests that when you employ optimal
bluffing strategy, you should break even on your bluffs. However, there is no
reason not to develop a sense of your opponents and of betting situations so
your bluffs show a profit. A successful bluff wins the whole pot, and it takes
a lot of extra calls of your legitimate hands to make up for one pot.
Therefore, against all but very tight players, you should bluff slightly less
than optimally so your bluffs show a profit. The greater your reputation as a
tight player, the more you will be able to get away with bluffs. You will still
get caught often enough to get paid off when you do have a good hand.
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