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Hold’em has four betting rounds. This fact serves to compound the advantages of late position and the disadvantages of early position.
Even if the pot narrows down to two players, these positional considerations will still apply, maybe more so.
In early position, you are subjecting yourself to one or more raises behind you. The earlier your position the more risk you are taking.
In preflop, some hands are only worth playing if there are many other callers. In early position you are just guessing about how many people will play.
The importance of the extra bets that may be saved or gained by being in late position cannot be overemphasized. Never forget that in poker we are trying to win a lot of money – not a lot of pots.
You must take your position very much into account when you are deciding whether to play a specific hand or not.
The earlier your position, the better your first two cards must be. Not only because you are in danger of a raise behind you before the flop, but also because of the bets that are not gained (or saved) when you turn a hand in this position. Conversely, the opposite considerations apply in late position.
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