Re: Two Questions
A value bet is one where you expect that by betting, you will make more money. There are two common situations. One, When you think that you have the best hand often enough that a bet will pay dividends. Two, where you think that you have a draw, that will make the best hand on later streets often enough that you can make money by betting. The most common example is that you flop the nut flush draw, in a multiway pot. You expect to make the flush by the river 1 out of 3 times, so on the flop, you will put make bets, that you expect to be called by three or more players, because you are then getting 3 to 1 or better odds, on a 2 to 1 underdog.
In the mini blind situation, there are two schools of thought. 1 - Play tight, because your cost per round is so small, that you can afford to wait longer to get premium hands. 2 - Play loose, because you are getting better implied odds on you preflop investment. The second approach is a lot more fun, so that is how most people adjust.
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