"Hold'em is a lot like making love: Position is everything." - WPT Host Vince van Patten
In Texas Hold'em poker, determining your opponents' playing styles is important, but gaining knowledge from your position is key. Table position is where you sit in relation to the dealer's button. The three basic table positions in poker are early (the Big Blind, Small Blind and Under the Gun), middle and late (including the Cutoff and the Button). The importance of position is the reason the dealer button rotates after each hand.
The strength of position comes from the fact that the betting moves in a clockwise fashion. When playing in late position -- which is the strongest position -- you get to see how other players react to their hands before the action comes to you. The Pokerism™ "Position is power" comes from this simple idea.
Though your hole cards are crucial, how you use position to decide your betting strategy is the most important tool in your poker skill set. One of the gravest mistakes you can make is playing your starting hands the same, no matter what position you are in. Though you may understand the strength of playing premium starting hands, incorrectly entering every pot without considering position is costly. The more information you possess, the more you increase your chances of winning the hand.
Your margin for error is less when you are sitting in early position. If you bet with a marginal hand pre-flop from early position, you can easily end up with a raise or even re-raise by players betting after you. This places you in the untenable position of immediately having to decide whether your hand is worth losing the extra chips (two or three small bets in limit, to an All-in in no-limit) just to see the flop. If you make the correct move and fold, you lose the chips you already put in the pot. Therefore, if you are in early position, you should restrict the hands you play to the top premium hands, because you have no way of knowing what the other players in the group are holding. Statistically at least one of the players behind you also has a premium starting hand. Though the big and small blinds are in early position, they have the advantage of acting last pre-flop.
If you are playing from middle position, you have players waiting for action and others that have already played. Though your pre-flop hand selection increases in middle position, in most situations you are still limited to playing strong opening hands. Since several players may be in the pot, you get better odds when playing weaker hands, but still have greater risk with the players behind.
Poker Legend Doyle Brunson once remarked, "If I had position on a player, I wouldn't even need to look at my cards." Being in late position with a good hand has major advantages over being early with a good hand. A player in late position holding a premium hand has the ability to manipulate the pot size, making future bets easier to call on the turn or river. Late position is especially important when playing marginal hands, such as suited-connectors or Aces with weak kickers. With the advantage of seeing your opponents' actions before you act, you can expand the range of your starting hands, often playing weaker hands from late position. If you do not consider position when playing a hand, you give an edge to players who do understand its importance.
Since the button is the strongest opening position, many players try to bluff or over-bet a weak hand from this position. Gaining knowledge of other players' styles helps to determine if they are overplaying a hand from the button or actually have a strong hand. It also provides a clue for how strongly you should protect your own blinds.
The type of game and the stakes involved can magnify the importance of position. In a low-stakes, limit game, with a table of loose players, position means less, since these players tend to play any two cards and draw to the end regardless. As the stakes get higher, position becomes more important. Position becomes even more important in no-limit play, as the threat of the All-in on each hand considerably raises the stakes more than in limit play.
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