Aria tonight. I raised to $12 from early position with K-Q offsuit, got four callers. Flop came 9-10-J rainbow. How perfect is that?
I bet $25. Sadly, all three opponents folded in turn. I showed my hand while effecting an obviously fake pout about not having been called. (I think it's truly disgusting when people genuinely whine and complain that the pot they just won was too small, so I wanted it to be clear that my little tantrum was purely in jest.)
Three players simultaneously said variations on the title to this post: I should have slow-played it. I should have given them a free card so that one of them could catch up. I should have let them do the betting for me.
I didn't respond. I almost never discuss at the table how a hand was played; I think it's a terrible idea nearly all the time. I have no interest in giving other players new and different (and maybe better) ideas about how to play. Why would I?
I understand the impulse to play possum and pretend like you missed the flop when you actually have the nuts. And there are times when it's clearly the right thing to do. But I think that should not be the default play in that spot. Let's see how many reasons I can list for why a lead-out bet is defensible, and arguably even the best play.
1. I have a big hand, so I want a big pot. The most reliable way to build a big pot is to put money into it at every opportunity, hoping that somebody with a second-best hand will do the same.
2. If it checks around and fourth street is a queen or an 8, it vastly increases the chance that I will have to split the pot with somebody else, and/or that it will kill any shot at being called by somebody who flopped top pair or even two pair, because the straight will be both more obvious and more likely for somebody to be holding.
3. Waiting for the turn to bet means that I'll now have a flush draw on the board about 3/4 of the time. My decisions will then become increasingly complicated.
4. In just a short session, this was already the third time I had raised pre-flop and followed it up with a continuation bet, because I had gotten lucky and hit top pair or better each time. This meant that any players paying attention might think, "He can't have it every time," and decide to draw a line in the sand, calling or even raising with something like top pair, thinking that I most likely whiffed.
5. I know perfectly well that most recreational $1-3 NLHE players can't resist slow-playing monsters like this. Players tend to assume that others think and play the same way they do, which means that the nuts is pretty much the last hand they will think I have when I lead out looking so strong. They will put me on top pair, an overpair, a straight draw, or a pure bluff. Put another way, this is a situation in which I'm being tricky by being straightforward. If I'm lucky enough that one of them flopped two pair or a set, we play for stacks with the odds greatly in my favor, because they will not believe that I have them crushed.
6. Metagame considerations: The typical player in these games will tend to check both his complete misses and his strongest hands, which means that he's leading out betting with a fairly narrow range--mostly one-pair hands. I want to give the impression to anybody paying attention that they cannot reliably put me on a range of hands based on whether or not I c-bet, i.e., that I don't follow the pattern they have come to expect from other players. This is also the primary reason that I showed it after winning the pot (which I only rarely do). Showing a lead-out bet with the nuts means that a continuation bet with air later in the session is more likely to succeed, because opponents will remember that they can't exclude the strongest hands from my range based on the fact that I'm betting.
7. Because several of them will believe that slow-playing is clearly the superior play, they may conclude that this was a beginner's mistake and that I'm less experienced than I actually am. They may decide that I'm straightforward and not tricky, that I bet when I have a good hand and check when I don't. I hope to exploit, dash, and confound all of those expectations later in the session.
8. If I give a free card that pairs the board or puts a flush draw out there that comes in on the river, and I end up losing a big pot to some awful runner-runner combo, I'm going to kick myself down the nearest staircase for misplaying it, and I can't afford the resulting hospital bill.
9. One of Mike Caro's most frequent admonitions is to do the obvious thing. For example, here's a bit from Caro's Most Profitable Hold'em Advice, pages 119-120:
The simplest choice of strategy is usually the best. Exceptions are exceptions for a reason....
The reason I'm telling you this is, once you become skilled at hold'em, it's easy to justify doing the unusual. But the most obvious decision is usually correct. You should make occasional exceptions to keep observant opponents off-guard and to earn extra profit.
But, if you stray too often from what are the simplest and most obvious decisions, you're sure to sacrifice profit.
Of course, as this particular hand played out, it's likely that I could have made more money by checking. Had I known their exact cards--say, that I was up against a pair of deuces, a pair of threes, and a pair of fours--then I might have come to a different conclusion. Letting one of them catch a set on the turn would be about the only way to swell the pot under such circumstances.
But given the range of hands that people usually play against a raiser, and the fact that I had three opponents, there was an excellent chance that that flop hit one of them hard enough that he or she could justify a call or raise. The fact that it wasn't true this time does not dissuade me from the view that a continuation bet was the best move, all things considered.