When Not to Semi Bluff
 
As we have seen, a semi-bluff can be profitable because it sometimes works as a bluff (when your opponent folds the best hand) and sometimes lets you improve to the best hand (when your opponent calls). It is the combination of these circumstances that makes the semi-bluff profitable. Therefore, it is important to realize that you usually don't semi-bluff if you are sure you are going to be called. Why? Because then the bluff aspect of your bet has vanished, you are betting only for value, and it is clearly incorrect to put more money in the pot on a hand you know to be the underdog. The only exception to this principle may occur in seven-card stud and razz, as we saw earlier, when your semi-bluff confuses your opponent on later rounds as he watches your board develop into what looks like the best hand.

It is also a good idea to semi-bluff less often when you are last to act, especially if many players have checked ahead of you. Not only do you have the opportunity to give yourself a free card in last position, but it's possible that somebody ahead of you was sandbagging with a big hand and will check-raise when you bet. In contrast, when you are in first position, you would be more inclined to bet with a semi-bluffing hand. Since you can't assure yourself of a free card in first position, you might as well become the aggressor and bet when the situation warrants it.
 
Fourth Street: The Second Betting Round
 
You want to improve on fourth street if you're going to continue the hand. Ideally, you want to catch a low card that doesn't pair you and that continues either a flush draw or straight draw. Of course, you usually won't hit the ideal. But when you do, get aggressive. Strong two-way draws are very strong hands in hi/lo split poker. This is especially true in seven-card stud if you have a threatening board in addition to strong draws.

Sometimes any improvement, even marginal improvement, is enough to continue, and sometimes you want to look for a strong improvement. How you should play your hand on fourth street depends mostly on the size of the pot-on whether it was raised or not on third street. If the pot has been raised, it's usually big enough to justify chasing some. I tend to let the other players have the little pots, while I go after the big pots aggressively. With a large pot, just a little bit of an improvement is enough to take off another card.
 
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