Of having the best hand Last to act

If you are last to act with a 25% chance of winning, you should check. A better hand will usually call when you bet, but a worse hand likely will not. This means you are not getting value when you have the best hand but are giving away value when you have the worst hand. The only advantage to betting is if you can pull off a successful bluff. But you have a hand that can win 25% of the time. That means you need to convince your opponent to fold with a relatively strong hand (which is rare), in order for a bluff to work. Remember, if he folds a worse hand, you did not gain anything by betting.

The only time you may want to bet is if your opponent is loose and aggressive. The fact that he did not bet when he is first to act may mean that he does not have a good hand. In that case he has given you new information by his actions (as opposed to the passive player who always checks so his action does not give you new information). Thus you can upgrade your opinion of your own hand, possibly to 75%. If he is loose, he will call (this is not the same as when your opponent thinks you may have made a possible draw on the River, in that case, the aggressive player's check may simply reflect his fear that you were on a draw, and you should check as well).

If he bets, you will usually have pot odds to call (just 3 big bets would do). A bluff is not a good idea for the same reason listed when your opponent has checked.

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