Re: merits and faults of the blocking bet
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Personally, I think a lot of people misuse the term blocking bet. The blocking bet should be a value bet, just a value bet when you're facing a wide range of hands, some of which have you beat but many of which don't. It's not a bet you put out there just because you don't want to call.
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This is not entirely accurate. If I believe my hand is good 30% of the time, and if I believe that my opponent will push with an overbet very frequently if I check the river to him, then a blocking bet of 20% of the pot is +EV if you know that the Villain will call rather than raise.
This is an extreme example that doesn't come up very often, but it certainly is not a value bet.
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