http://www.pokerdoctor.com/online-poker-resources/Poker-collusion.htm
Actually I can say it better, here's an edited version that's tighter.
There's a powerful poker concept evident in only small stakes or low-limit games. It's the concept of implicit collusion.
I first became aware of this term from Lee Jones' book, Winning Low Limit Hold 'Em. Jones introduces us to a logic reserved for loose games.
The concept of implicit collusion is where stakes are so low or players are so loose that you can count on more players staying in the pot everytime, even when their hands are lousy. The importance of this is where bluffing is concerned, and it's two-fold.
Bluff less
A bluff that fails to fold every hand by showdown is a failed bluff and a waste of money. In your average home game, you'll be lucky to fold every player at the table. Your best bet is to be heads-up with one of the tight players at the table, and attempt to bluff him out. Up against two or more players and you're taking a huge chance.
The point is not to omit bluffing from your arsenal. If you never bluff, you'll never make money on your strong hands because everybody else will fold. The point is that you must limit your bluffing. When too many players stay in on too many hands, your odds are slim. Effectively, you're up against implicit collusion.
Be more inclined to fold to a potential bluff
Nobody likes to be in this spot. A tough player at the table throws a bet in. It could mean anything. He either has a strong hand and is betting for value, a mediocre hand and is semi-bluffing, or a weak hand and is pure-bluffing. You have to decide what's stronger: your pride or your bankroll. Here's a valuable piece of advice: if there are a few other players in the pot, be more inclined to fold a mediocre-to-trash hand.
This is what implicit collusion is all about. First of all, collusion means an agreement between players. Collusion of any other nature is cheating, such as exchanging signals, sandwiching, not betting into each other (see Pokercheat.com for much more information on collusion). But, implicit collusion is the great hidden agreement between players. It's the agreement that bluffers will be kept honest by at least one other player staying in the pot.
If the player to my immediate right bets first and bets big, I have a big decision to make with my mediocre hand. My hand is only strong enough to beat a bluff, and the other three players in the pot behind me have yet to act. What do I do? More times than not, I fold. Because of how loose the game is, I can count on one of these other players staying in the pot and keeping the potential bluffer honest. My mediocre hand would crumble to anything with strength, but I can count on one of my poker-playing brothers at the table to take this bettor to task.
Be aware though that it's not always as easy as that. If you are left in the pot with only tight players or few players, it's possible everybody will fold in which case the bluffer will have one of his stories to tell. The concept of implicit collusion is not foolproof. It's like check-raising; if nobody bets when you check, you can't raise and your plan failed.
Conclusion
It's in this way that the discussion comes full circle. You can count on somebody to keep the potential bluffer honest...therefore, when you are bluffing, you can count on at least one other player staying in the pot against you.
It's for this reason that you should bluff less. It's likely that you're throwing money away, barring those times where you get a miracle card to win the game. It's very easy to be tempted into bluffing more when you hear other players talk about their successful bluffing. Remember that these stories are like slot machine stories, and I can assure you that slot machines only make money for their owners.
This isn't to say that bluffing should be avoided, only minimized. The key is to ensure that other players know you are capable of bluffing. This is enough to keep them on the ropes. For what little bluffing I do, I'm usually sure to show the entire table that I was bluffing, whether it worked or not. It creates the perfect advertising that keeps my opponents curious the next time I bet out with a strong hand.
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