Played the $100NL cash tables at Titan Poker on Sunday and Monday night and netted over $325. As much as I enjoy playing MTTs, it's clear to me now that for me the best use of my on-line poker time is at the cash tables.
I also spent some time this past weekend going through the first part of Small Stakes Hold 'Em (2+2 Publication) and the section on EV got me thinking about something I see a lot at the cash tables and that's the overbet. What I started to wonder was weather calling an overbet, under certain circumstances, might result in a positive EV. Well, while the sample size is obviously way too small, I can say that I collected most of that $325 profit by calling some big overbets.
Clearly you don't want to go calling overbets all the time and without good reason, so I came up with some "rules" for myself when playing against a super-aggro overbetter. First rule: make sure you've watched them play several hands, see what cards they're playing, see how they bet those cards... most of the times these super-aggro players are extremely reckless and will play almost anything and play it hard. Next rule is that after you've tagged someone as an aggressive player that overplays their hands, be patient and wait for a good hand, with position, and then hope that the maniac wants to play. One thing you'll have to be ready to do is call or raise the aggro player's bet, they'll be big and you can't let that scare you off a good hand... if you've been playing close attention to this player and seeing the garbage they play there will be a good chance they're playing junk again. Of course, you need to be wary of the board cards, if something screwy like four of one suit hits the board you might be in trouble. But if the board has nothing scary on it, play your good hand and don't let the big bets run you off.
Case in point, last night I was dealt QQ in position, raised 4xBB and the maniac called from the SB, flop had all low cards, no flush and no real straight draw. The aggro player fires out a big bet (as he always did), I called, turn was another low card and the maniac throws out another big bet, I call, river is a J and the super aggro goes all-in, I call and he flips over K10 and I bust the super aggro and scope a very nice pot. This scenario played out several times over the last few nights and led to two very profitable nights of poker. Like I said, this sample size is way too small, but I really think that if you play it right, there is a lot of money to be made calling these aggro player's overbets.
One last thing, don't forget to take notes on these players and add them to your buddy list!!