Re: When not to make a continuation bet
One of the disadvantages of playing a hand post-flop from early position is that any attempt to get in a raise bears the cost of occasional missed bets and free cards. The late position player who regards continuation bets as "mandatory" neutralizes a substantial part of his positional advantage. One should not continuation bet all the time when checked to--that helps your opponent by foreclosing opportunities for him to make mistakes.
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