Re: Is having the initiative a fundamental advantage?
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If I open raise on the button preflop and get called by the BB, both our ranges are wide, but mine is more likely to include QQ+ than the BB's.
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It's this kind of thing that makes it an advantage. But what if the BB decides to not always 3-bet his big hands preflop? Then the BB's hand range, even after just calling, can still include a number of big hands. He could even do this often enough that it is he that would be more justified in making a "continuation bet" at the flop. If playing this way causes your opponent with a weaker hand range to consistently get stubborn and pay off a bunch of bets, all the better.
See how recognizing that the initiative may not actually be a fundamental advantage changes our strategy? Now, if you are the big blind, you know you can take steps to ensure that the pfr does not gain any advantage by having the initiative. You know this is possible, you just have to figure out what those steps are. That would be the next conversation after this thread...
-Eric
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