hard · Poker Theory Fundamentals

In a multiway pot (n=4), what is the primary reason 'thin value' bets that would be profitable heads-up often become 'checks'?

1. The 'SPR' is usually lower, making commitment easier.
2. The rake is higher in multiway pots, reducing the EV.
3. The probability of being beat by at least one opponent increases exponentially.
4. Bluffing is more profitable multiway due to increased fold equity. (under this line)

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