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Texas Hold'em poker - Position
The difference in the amount of information you will
receive is what makes your position at the table important.
The person to the left of the dealer is always at a
disadvantage as they must bet first. He doesn’t
know whether these bets will be raised or called.
Thus he will be confused about the cost of seeing the
flop and the amount of money that will be in the pot
at the end of the betting round – the key ingredients
for calculating the implied pot odds.
If you are unfortunate enough to find yourself in this
position, it is usually wise to assume the worst and
therefore, before you venture to put money in the pot,
to have a holding robust enough to make you willing
to call a raise if it should occur. (If you bet on average
hands and are raised, you are likely to be sucked into
calling the raise.)
By contrast, the person playing last will have the
information you lack, and be able to call with an average
hand, as it is relatively cheap for him to do so, especially
if others have also stayed in and contributed to the
pot. In a late position, you may well stay in on hands
that you would readily fold in early or mid positions.

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