Re: what is a continuation bet?
A continuation bet is when one bet's (first bettor) on the flop after having raised (put in the last raise) on the flop. It is neither a bluff, semi-bluff, value bet nor a protection bet. In fact it can be all of these and maybe even a bating bet. It is done in limit in the same manner as NL except that in limit one is "limited" to the amount one can bet. In NLH it is usually a bet between a 1/2 and pot size bet. Some good players for the most part will make the same continuation bet size regardless of their reason for the bet. Some good and great players vary the size of the continuation bet according to a some mathematicl formula that they feel comfortable with. An example would be to 80% of the time bet 3/4 of the pot while varying the other 20% between .5 and 1 of the pot.
Vince
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