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Optimum
Bluffing Frequency
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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