$2k 6-Max PLO SCOOP Live Session (part 9)
Posted by Phil Galfond
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Great video Phil! I'm glad you explain the difference in tournament strategy NLHE vs PLO.
Thanks man!
great series so far phil, have been looking forward to this next episode last few days :)
i can't wait for everyone to start using the phrase "reduce variance" after they watch the series
I don't think I'll stop saying it, unfortunately :(
thx for the video. one question. in the AJ89 hand on J53JQ river (hand starts around 31:30 min) where he leads river for around 1/3 pot. what do you think about turning your hand into a bluff to get him off 55xx/33xx?
Good question! It really depends what you make of his betsizing. If someone is capable of betting small here with a very strong hand (QJ, QQ), it's not the best spot to turn a strong hand like mine into a bluff.
I generally shy away from bluffs that involve targeting a range of bottom full house or better with calling being a profitable alternative. I actually would almost prefer to hold a Q blocker to my J blocker if I wanted to bluff in this spot, given that he'd have more trips combos he's value betting when I don't hold a Jack and fewer QQ combos.
At the end of the day though, I'm going to go back to sounding like a broken record - a raise here is just too high variance a play for minimal EV at this stage in the tournament & with my stack size.
Hey Phil, considering how big an advantage it is to be the big stack in these situations, as you mention it Mikki's 'right' to be table captain, that seems like a decent argument NOT to reduce variance- sometimes you bust, but when you get the big stack you will obtain many hugely +EV situations as the rest of the table respects the fact that you can knock them out.
As always it is very hard to quantify these things...
It's definitely hard to quantify these things. There are two major reasons to reduce variance:
1) ICM considerations - we all understand this, though I discuss the difference between NL and PLO tourney ICM in this series.
2) Skill advantage over the field in an event that doesn't happen every day - This is the one that I take very far... perhaps too far.
Fields are generally very soft in PLO tourneys, and I always believe I can find great spots to accumulate chips with relatively low variance. The consequence, of course, is that I pass up on a lot of good spots in the name of preserving my stack/life, and I become less tough of a player as a result. It's a fine line to walk, and one that I'm still not 100% sure how I want to approach... especially after releasing this series :)
You're right about a big stack being very profitable, and it does make it less wrong to take on variance in tournaments to an extent. I think that this would be much more true for people who are closer to average skill level in the field.
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