I played no limit last night in the same game as last week and got served a little humble pie. No doubt in retaliation for my post from last Thursday and an excellent example of what John Lennon once sang about on the Greatest Hits CD that I wore out the summer after I graduated from high school.
Anyway.
From the tenor of the comments last week and some of the off-line responses I received, I would venture a guess that my post was not well received by the readers here - most of them play in the very same games - and I am humble enough to apologize if I have offended anyone. I will stand by the original point I was trying to make - that consistently underbetting the pot in NLH is incorrect according to the very definition of pot odds, especially if one already has a made hand or a hand strong enough that it is the best at that very moment. Having top pair and just betting $10 into a $100 pot is an open invitation to be forced into a very difficult decision when the straight or flush comes on the next card.
That said, I indeed learned a lesson last night about being overly aggressive - a vast majority of my losses came from betting too hard into draws that never came. This is profitable when your opponents surrender and muck a large pot every once in a while but quite expensive if they call almost every time and your hands consistently don't get made. I was unable to adjust my style to the dynamics of a game last night that was much looser than the game played last week and thus I lost back the "respectable amount" that I won on Wednesday and even a little bit more on top of that.
I am still up - slightly - since the explosion of interest in no limit cash games over the past year, so for now I will stick to my strategy and my opinion. But in light of last night's results I will try to be a little more cautious and a lot more humble in the near future.
Random thoughts from a lawyer, an accountant, a commodities trader, an ex-Marine and a WSOP Main Event money finisher that don't know as much as they wish they did...