Value bet, means to make a bet that likely if called will earn you more money on hand, but small enough that opponent will call with 2nd best hand.
When to value bet, definition in opening sentence gives you most you need to know.
When not to value bet, when a lot of action in hand up till the river, and opponent checks and you are not sure if your in lead or not, this is nice place to check, see whats up. Perhaps you foil his attempt to check you the best hand, with you betting , and he can spring in for a big reraise, known as a check raise, and put you to very difficult decision.
Why to value bet, to make a winning hand a little more rich in chips, also in future if you betting river often, opponents will know when they call a future turn bet on another hand, that they will likely have to call 1 on river as well, note most microstakes players will not catch this, as they only pay attention to their hands, and what their doing,
How to value bet, if you have say 3 of kind that you feel is best hand, and the pot is 2 dollars, a nice value bet that will get called by other player will be in area of 1/4 to 1/3 of pot. In this case you are giving him 3to1 and 4to1 on his money, he will get 2 bucks plus your .50 - .68 for a total of 2.68 aprox. for his 68 cent or less call, if he wins the hand. But your sure your 3 of kind is good so you are begging for a call, this is why you bet so little as to the pot, for guaranteed call, you hope. He may call this bet with any pair, plus you set up a possible raise from him, as the bet is so small he may think you are weak , and if he bets big you will fold, but with you 3 of kind here he is barking up the wrong tree.
A little something to help you decide whether to check or bet the river , until next time
Hold up hand hold up!!!
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