McDonald, the stable jockey for Godolphin, who rode Melbourne Cup favourite Hartnell to third place in Australia’s greatest race just two weeks ago, was interviewed by stewards over his association with a punter and whether he befitted from a bet on Astern when it won in December last year.
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First of all a continuation bet is a bet that the pre-flop raiser makes on the flop, regardless of whether he improved his hand or not. Since his opponent(s) must give him credit for a decent hand he will often pick up the pot even when he has missed the flop. Let us say you raise with A-J and the flop is Q-9-6. Against one or two opponents you should almost automatically make a continuation bet and if one of them has a pair of fives, for example, it is not an easy call to make. This is also a good example of why you should not call raises with low pairs—unless you flop a set it is difficult to tell whether you are ahead or not. (If the hands were reversed and the pre-flop raiser had pocket fives his continuation bet would probably win the pot against A-J!)
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