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Let us say you raised pre-flop with 9-9 and the flop is A-J-2. You make a c-bet of 30% of the pot and get one caller. The turn is an 8. OK, what do you put your opponent on here? If your c-bet had been larger his range would have been narrower but now he might have any Ace, any Jack, gutshot straight draws like K-Q, K-T and Q-T, and maybe even a low pair. It is easy to make an expensive mistake here. Make a bet and he will have a set or top two pair, check and he will be on a draw (with many outs to beat your pair). And what do you do if he bets or raises? The trend with smaller bets probably comes from players like Dan Negreanu who are very very good at reading their opponents.
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Make no mistake about it, raising and re-raising endangers the size of a chip stack. Aggression carries with it risks. That might sound obtuse, but players who raise aggressively must be prepared to lose a lot of chips from time to time.
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