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Old 02-02-2006, 12:08 PM
cbloom cbloom is offline
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Join Date: Jul 2003
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Default Re: TOP: Fundamental Theorem discussion.

[ QUOTE ]
Maybe my interpretation of TFTOP is too narrow. I think bluffing - if done correctly - is +EV. But the TFTOP says you should play as if you could see your opponents cards. Putting money in the pot when you're behind is not the way to win if you read TFTOP literally. That's why I think it's incomplete.


[/ QUOTE ]

You are not understanding it correctly. If your opponent has a hand they will fold which is better than yours, clearly bluffing is correct under the FTOP. Knowing exactly what hands they'll fold and what size of bets is part of knowing your opponent's psychology. Obviously if you bluff into the nuts, you are making a "mistake" according to FTOP because you would never do that if you could see their cards.

This also provides an example of what I've been trying to talk about Re: opponent psychology in the FTOP. Say they hold a very weak hand which they should fold if you bluff, and you know that's what they have. You (correctly) bluff and they (incorrectly) call, and you lose the hand. This is a -EV move, but did you make a mistake? According to the strict or game-theory version of FTOP you did not, but if you including opponent's actions in the FTOP this is a mistake.

Now, the idea of intentionally making a mistake in one hand to set up future hands is a whole other topic which is outside the scope of the FTOP. It would still be a "mistake" in the original hand because it was not the maximum +EV play for that hand, though it may be beneficial in the long run.
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