waylander11
Sunday, January 25th, 2009, 10:39 PM
QUOTE (SlackerInc @ Monday, January 26th, 2009, 12:55 AM)

Are you sure it sacrifices value? I don't have any mathematical model to work with here (not sure if there is one for something this complex, especially since it depends on hand-reading abilities which can't be quantified), but that doesn't sound right to me. First of all, you lose less when you're beat, which surely counts as value. But I'm not sure you win less when you're ahead, or at least not enough less to more than counterbalance the "lose less" hands. The reason I say this is because a lot of the value you get in the smallball style comes from inducing bluffs and then calling them. For instance, let's say you have position on your opponent and flop top pair. Villain has nothing and checks. A non-smallball player would probably bet here, villain would fold, and that would be the end of the hand. But the smallball player checks behind, and villain starts to think they can steal the pot on the turn or river, or perhaps catches second pair and thinks it is good (or even thinks their K high is good). So the smallball player gets that extra bet out of villain. Sure, smallballer also gets outdrawn at times from letting opponents have free cards, but I'm inclined to agree with DN that this is not frequent enough to worry about in the grand scheme of things.
Another aspect of smallball is stealing a lot of small pots, dead money pots, etc., where you aren't perhaps actually ahead but where your opponents' hands are not strong enough to contest the pot. Basically pots where you sense that no one has a great interest in them so you throw out a small bet and scoop them up (or dump your hand if you get played back at).
I would agree that in a faster structure you won't be able to play as much smallball because when you and your opponents are no longer deepstacked, it just doesn't apply (in every example in DN's chapter, the stacks were at least fairly deep). But I don't see why you can't play smallball until the blinds go up.
You can break it down to this. If you have 99 on a board of 8910 with a flush draw and your opponent checks the board texture is such that he will call or raise you with a wide range, the majority of which you are beating. For example lets say he has something like 10J. Any bet you make is +ev no matter what happens on subsequent streets. It doesn't matter if you end up losing the hand because you made the bet in a spot where over the long run you will make money. Obviously in order to maximize your ev you should be betting the largest amount that he will call or raise you. Any time you bet under that amount you are losing value. The reasoning the small ball approach advocates checking is because you can't rebuy, you have a limited number of chips. A great player like negreanu can get into situations where he can make his opponents make big mistakes and play without making mistakes himself. He doesn't want to give his opponents 2-1 on their money when he gets it in so he sits back and waits till he's a huge favorite before he sticks any money in the pot, trusting that he will know the spots better than his opponents. In a cash game its right to get all of your money in here because you just have to worry about maximizing value, you can rebuy if you lose all of your chips. In a tournament situation value isn't as important as survival.
The point is that mathematically you are losing value, but for the specific purpose of remaining in the tournament to find a better spot to put your chips in. You are letting a card come off so that your chance of going bust is less. You can argue that checking is deceptive and gets you more money on later streets but most of the time you are going to make less by checking behind with a set on this draw heavy of a board.
I don't want to sound preachy, this is my interpretation of the small ball approach