DECISION POINT: You are playing a milestone satellite to the $40Million guaranteed WPT World Championship Main Event at Wynn Las Vegas with blinds at 50/100 and a 100 big blind ante. You are in the Small Blind with Q♠Q♥ and 4,600 chips (46BBs). An Early Position player limps, a visibly frustrated player in the MP2 seat makes it 300, the Button flat calls, and action is on you.

Did you Fold, Call, Reraise Big, or Reraise Small?

PRO ANSWER: We are in the second level of a milestone satellite into the $40M guaranteed WPT World Championship at Wynn Las Vegas. The blinds are 50/100 with a 100 big blind ante and we have 4,600 chips in the Small Blind with Q♠Q♥.

MP2 has been active and recently frustrated by some tough spots, even tossing his cards aggressively toward the dealer in one instance. The UTG player limps and everyone folds to MP2 who makes it 300. The Hijack and Cutoff fold, the Button flat calls, and action is on us.

Queens are well ahead of MP2’s and Button’s ranges which makes folding out of the question. Calling is likely profitable but we’d be most likely to take a flop 4-ways, which can be quite problematic for a hand that is likely to make one-pair in a multiway pot. So in this instance if we are favoring a raise, what is the best size to use in this spot given our positional disadvantage?

The standard raise in this situation is 3x the initial raise plus any call amounts. In this scenario that works out to 900 + 300 + 100 or 1300 chips. Given our positional disadvantage, using a slightly larger raise size in the 1400-1500 chip range would be standard. The issue with adjusting to larger sizing to accommodate for the positional disadvantage is that we have committed one third of our stack.

That could remove any illusion of fold equity our opponents have and inadvertently force them to play better versus our hand by not bluffing against us. If we bet a little smaller, for example a sizing of around 1150, we create the illusion of fold equity if MP2 or the other 2 opponents want to shove. The smaller sizing also creates a really good price for a squeeze with some of our bluffs here to ensure balanced range with other hands in this same spot.

If the table was quite soft there is also merit to just moving all-in preflop. This would not be the default play, but if you’re at a soft table where chips are coming easy, moving all-in can sometimes induce some light calls from smaller pairs hoping to be racing against AK. The shoving line, while also a little lower variance, is at the expense of some EV as opponent calling ranges vs the large shove size will be more narrow.

Reraising small to 1,150 is the best play.