Poker at its core is about extracting the largest amount of value out of the smallest statistical edges.
Every time you, as a player, let that small advantage pass you by because you fear being wrong, you are giving up large profits and, more importantly, are allowing your poker game to contain missed opportunity. This mistake equates to a losing battle at the lifetime poker game, which extends much further then a one day session at the tables. If you are leaving money that could be your own in front of other players nearly every time you play, that's a lot of missing money from your bankroll at the end of the year.
I am talking about checking the river when you most likely should be betting.
A value bet is when you make a bet, more often than not, on the river, which is small enough to warrant a call from your opponent.
A quick example is: Four players see a flop of 4-8-2 rainbow. The action is checked around. The turn comes another 2, and the action is checked around again. The river comes a queen, and the action is checked to you. With the pot at $100, you bet something like $25-$40 holding A-Q and looking for a call from a smaller pair or even ace high.
You aren't looking to break the players, just looking for a little extra profit on your hand that is highly likely to be best.
However, there is a quote that you see in almost every poker book that preaches being careful to never bet a hand when the only hands that can call you are going to be hands that beat you. The phrase is right in context, but I think many players confuse this tip to mean that they should never bet the river, and because of this, they often miss opportunities to value bet where their hand could likely have made them extra profit. Remember, poker comes down to the winners being the players that make the least amount of mistakes, and winning players extract the most money when they have a statistical advantage.
When you are on the river and faced with a marginal decision on whether to check or bet, don't always take the safe way out. It often depends on the situation you are being faced with. However, there are some factors you can consider when deciding the proper way to play your hand.
While it may be safe to take the easy way out and check on the river, bear in mind that poker is an easy game to learn, but it's almost impossible to master.
Knowing when to bet for value and when to check will ultimately separate the winners from the losers. The moral of this article is to make sure that you aren't giving anything away for free - the pot, a look at your cards or your game plan. If you aren't betting the river and getting called by a better hand at least some of the time, then you probably aren't betting the river enough.
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