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Thanks arkana, glad to find out I am on the right track. This was a perfect HH to post here, I am hoping to see a few more posted so we can continue to analyze a few different scenarios against the floater.
In the past few weeks I have come to a better appreciation for this style, it's definitely an archetype that I think any good player should be able to morph into given the correct table conditions. This style can completely destroy a table, when you see huge stacks like 400-500BB, it's usually because the table has allowed this style to run rampant, not because someone got lucky 3-4 times in a short period. Let me tell you what I like about it:
PF he calls with a hand with a lot of potential. But if it comes ragged, he can easily get off of it (like it was all black and overs). And that would have been only $8/$157 or about 5% of his stack. Doyle would call this every single time, he would actually call up to 10% of the time w/o thinking about it (he gets to thinking more about the call when it's 20% of his stack!!!).
On the flop, his hand's potential is met with a gutshot SF draw. The pot size here is $27, so just about anything up to pot sized he's going to call because of implied odds to the river. And this goes with his consistent call every bet in position on the flop stance, so it's tough to tell if he actually has a good hand or just some junk.
On the turn, there is now $67 in the pot, compared to his ~$130 left. So now he sees you check, assumes weakness, and gets to bet his draw for a reasonable about ($50 into $67). If you fold, he picks up the pot with the worse hand. If you call, he gets to see another card for about the right price. If you push, well, he's only got to call another $80 for a crack at $167 pot, with plenty of outs. Some might call that pricing yourself into committment. But, if his approach of betting the turn is working well at the table, picking up a lot of decent sized pots with it, he is going to come out ahead in the long term by just picking up the pot over and over.
As for your play AGAINST the Floater, which I also like very much, you get your money in while ahead and still not giving him quite favorable odds. And how did you do it? You checkraised against him. This time it didn't work out but you got your money in while ahead.
I would like to point out that this style works best when you are the big stack at the table. As for bankroll management concerns, you probably need like 40 buyins to try to play this way more often than not, because of the pot sizes you're playing on a regular basis and the nature of pricing draws and hitting them. I would not recommend floating against a table until you have 200BB or more, maybe even 300BB, because your % of stack value for PF calls goes down proportional to your stack size.
Below are odds along the way for those interested in comparing value of bets/calls to likelihood of winning:
PF:
http://twodimes.net/h/?z=1591575
pokenum -h qd qc - 5d 6d
Holdem Hi: 1712304 enumerated boards
cards win %win lose %lose tie %tie EV
Qc Qd 1333031 77.85 371807 21.71 7466 0.44 0.781
6d 5d 371807 21.71 1333031 77.85 7466 0.44 0.219
FLOP:
http://twodimes.net/h/?z=1591580
pokenum -h qd qc - 5d 6d -- 4d 2d 2c
Holdem Hi: 990 enumerated boards containing 2c 4d 2d
cards win %win lose %lose tie %tie EV
Qc Qd 606 61.21 384 38.79 0 0.00 0.612
6d 5d 384 38.79 606 61.21 0 0.00 0.388
TURN:
http://twodimes.net/h/?z=1591582
pokenum -h qd qc - 5d 6d -- 4d 2d 2c 7s
Holdem Hi: 44 enumerated boards containing 7s 2c 4d 2d
cards win %win lose %lose tie %tie EV
Qc Qd 30 68.18 14 31.82 0 0.00 0.682
6d 5d 14 31.82 30 68.18 0 0.00 0.318
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