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If you have a small stack the gap decreases, meaning you cannot afford to risk chips by steal raising with weak hands. However, a paradox exists here that opens up plenty of opportunity for reverse psychology. Because you have a small stack, other players will be less inclined to call or re-raise you unless they have a very strong hand. This is due to the fact that they know you are not as likely to be bluffing with a small stack, and they will not be as quick to gamble against you with weaker hands because there is little for them to win. Therefore, your chances of making a successful bluff have actually increased.
On the other hand, a player with a big stack might be willing to gamble with you because they will not be risking very much by doing so and will be able to knock you out. It is at times like these that you need to know your opponents and what they are capable of doing. Playing with a medium stack is significantly more difficult because you will have to make a number of difficult decisions, since you are attempting to make a big stack but, at the same time, trying to avoid becoming a short stack. Generally, try to play more pots with the smaller stacks and avoid the bigger stacks. When you play a big stack you will have plenty of weapons at your disposal. However, you must be careful as your opponents will be expecting you to play more aggressively and will try to trap you in order to double up. When you have a big stack, the gap increases and you can afford to take bigger risks. In No-Limit Hold'em and Pot-Limit, you can use your big stack to put pressure on your opponents by betting, raising and re-raising.
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