Bluffing & MDF
How often a bluff has to work, and how often you must defend so they can’t bet any two cards: minimum defence frequency.
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They bet $100 into a $100 pot. If it’s a bluff, it has to work half the time to break even.
- 02, open this step in the interactive version
You’re the one facing it. Fold too often and they profit by betting any two cards.
- 03, open this step in the interactive version
So you have to keep enough hands. Defend at least pot ÷ (pot + bet), here 50%. That’s minimum defence frequency, or MDF.
- 04, open this step in the interactive version
Against a half-pot bet the bluff is cheaper, so you defend more: 67% of your range.
- 05, open this step in the interactive version
Now their side. They bet with strong hands, and with some bluffs. You can only see the bet.
- 06, open this step in the interactive version
If one bet in three is a bluff, you win one call in three. That’s exactly the 33% you need to call a pot-sized bet.
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At that mix, calling and folding earn the same. Neither of you can do better by changing alone. That balance is where equilibrium starts.
- 08, open this step in the interactive version
Change the bet and how often they bluff. Bluff more than the balance and you should call. Bluff less and you should fold.