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Thin Value Bets
Strange as it may seem, these could almost be included in the above section about multi-street bluffs. The truth is that the thin value bet and the big bluff are two sides of the same coin, tactics that go hand in hand. An opponent who makes big bluffs expects to be called down light and so can also bet more marginal hands for value. Conversely, because he is capable of betting a lot of hands for value, it is difficult to call him down light. You canӴ simply determine that he must have either a monster hand or a bluff, because he is also capable of thin value bets.
Thatӳ how itӳ supposed to work, anyway. If you recognize a player doing one but not the other, you should adapt your play accordingly. Against someone who makes a lot of multi-street bluffs but wonӴ value bet thinly, then you can get a lot of value from one pair hands simply by checking and calling, giving him rope to hang himself. You should look for opportunities to play pots with this player, in or out of position, when holding big pairs or broadway cards that can flop big pairs. DonӴ re-raise him pre-flop, and donӴ raise him with your one pair hands. Just let him do the betting.
If your opponent makes thin value bets but doesnӴ bluff very often, then you can also play more hands against him since you wonӴ face as many tough decisions. If heӳ betting, you can be sure that he at least thinks he has the best hand. You can also look to check-raise him more often, since heӬl try to extract value from his marginal hands rather than playing them for pot control. You should be check-raising both as a bluff or semi-bluff and for value, since heӬl face a tough decision either way when he only has one pair.
An opponent who both bluffs and value bets well across all streets is a true expert, and youӬl do best by staying out of his way. Look for excuses to fold to his raises pre-flop. He uses his position well, especially on later streets, so when youӲe out of position, try to end the hand early or at least make the stacks as shallow as possible. Try to re-raise him when you have a hand you want to play, and check-raise often with bluffs, semi-bluffs, monsters, and medium-strength hands. The more money you get into the pot early, the fewer opportunities heӬl have to outplay you on later streets.