[Rococo]

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I'd categorize the underbet in Scenario 3 as "fancy play syndrome" at my level, but at yours it probably works better. I'd underbet in Scenario 3 about 25% of the time.

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I wouldn't think about underbetting a specific percentage of the time because it is so player dependent. I don't think that underbetting the flop is fancy play syndrome at any level so long as your read on the player is correct. The read is critical, of course, because underbetting is a BIG error against the wrong opponent. What you are really saying is that Scenario 2 is much more common at lower limits, which I agree with wholeheartedly. I underbet in Scenario 2 literally 0% of the time. It is suboptimal against Villain 2 in a vacuum, and I get no deception value because Villain 2 probably isn't paying attention anyway.

My point was to encourage people to think about creative lines based on specific player reads.