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Late-Position Blind
In most cardrooms, if you miss your blinds or have just entered a game, you are allowed to post what is known as a late-position blind.
(A blind just to the right of the button.) If you are new to the game, you must post an amount equal to the bigs blind ; if you have missed the blind, you must post an amount equal to both the big and the little blinds.
However, in both cases, only an amount equal to the big blind is live. (This late-position blind is posted in addition to the big and little blinds to the left of the dealer button.)
Because of your improved position and the increased amount of money in the pot, there are some significant poker strategy changes versus regular blind play.
For instance, if everyone passes, you should raise with most of your hands. This is one of those situations where either folding or raising is the best play, while just calling is usually the worst option.
But because you already have posted your blind, you cannot fold. This means that raising is usually correct. The exception is when you are against opponents who almost always will defend their blinds, no matter how poor their poker hands are.
If some players have already called, you would normally raise only with those hands that you usually raise with had you not posted a late-position blind.
In fact, you may want to raise less often, since your opponents will now misread the strength of your hand.
Because of your position, if the pot is raised in front of you, you can call with a hand slightly worse than what you would play in the big blind.
But you still must be very selective, especially if you are against a good player. Remember to distinguish between a legitimate raise and a possible steal-raise.
Against the latter, it is probably okay toonline poker with any ace and most kings, depending on how well your opponent plays. And if you do decide to play you should often reraise.