I've been fan of the Daily Quiz of the Day website for years. On average, they post more tournament than cash game questions, so as I prep for next year's WSOP I will probably be spending even more time on their web page every morning than I usually do. (You can find a link to the site in the "Resources" tab at the top of this blog's home page.)
Anyway, today's question was a fairly standard cash game Q, but it got me thinking afterward that this is a common hand that a lot of newbies lose unnecessary money on, so it bears a little scrutiny. Here's today's question via a cut and paste from their website:
So what do you do? A beginner (or even an intermediate on autopilot) might see what looks like a strongish hand, then glance at the low effective stack size and just get it in. An advanced player would take the time to do REDi:
Read: what range do we put our opponent on? He’s been laggy a lot preflop, but for 5x size raises. Here he jumps in with a 10x raise from UTG. We don’t have to worry about anyone else in the hand, as we’re in the BB. The 10x raise is weird; either it’s a very strong hand, or one he doesn’t want to see any action with. In low-stakes games I frequent, the latter is often indicative of hands like JJ or TT from a bad player. Sometimes you see people turn up AA, KK, or AK here too.
Estimate: against the stronger part of villain's range, our AQs is 2:1 dog or worse. Against a range of middle pairs, we’re at best a coin flip. We have essentially no fold equity, as he’ll be getting good pot odds to call a shove with his short remaining stack. The only real thing working in your favor is that the SPR is low; in other words, you don’t stand to lose too much with the hand.
Decide: Our hand doesn’t have much if any Value against the opps range, and we essentially don’t have any fold equity, so Semibluffing is no good. In other words, pushing is out. Calling to see a flop is not much better, as we’ll be OOP and essentially in the same boat we’re in now (i.e., confused as to where we stand). Therefore this is an easy fold.
All-in for now...