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Example of the Fundamental Theorem of Casino Poker Games
Example 4

In razz, a seven-card stud lowball game in which the lowest hand wins, we can see another example of showing more strength than you have to make an opponent fold incorrectly.

If you think your opponent has a four-card 8 - and you have a pair and only a four-card 8-7 - it is important to bet, even though you know you will be called. The bet gains you some extra equity, should you happen to catch a little card on sixth street, giving you an 8-7 low. If your opponent catches a big card or a pair, still having a draw to a better 8 than yours, he will fold, since your previous bet indicated you had an 8 made already. The little card you've now caught suggests you have made a 71ow, which makes your opponent think he is drawing dead - that is, drawing with no chance of winning.

Notice that once again you want your opponent to fold even though you have the best hand. You have an 8,7 low and are drawing to a 7, while all your opponent has is a draw to a better 8. However, you gain by his folding because, had he known you had only an 8,7, he would be getting proper odds to call in the hope of drawing out on you. By not calling he made a mistake, and you have gained. (You gain even more when that sixth street card makes you two pair, and your opponent folds the best hand.)

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