I like your point about telling a story. If your betting and other play is weird, it can be difficult for opponents to guess what “story” you are telling, which can be an advantage. But on the other hand, the reason “stories” make sense is because there is logic to playing the hand that way. You might bet a flop with AA to get value or you might be c-betting with complete air to get folds. I think unexpoitable play is telling the same stories in different situations.
This story telling is related to bet sizing, which is extremely important and a really difficult skill. I’m no expert and it is an extremely complex topic, but I think most people on Replay get caught up trying to price opponents in or out, when it is actually more complex. If you raise AK and get a caller with 74s and the flop comes AT7, if you bet 12k into a pot of 75k, your opponent has a great price to try to hit their 7, and you are getting only a small amount of value for your top pair. If they hit a 3rd 7 they will probably win a big pot, and if they just have to call 1/6th pot bets on the flop and turn then they are risking almost nothing. They will never call a big bet on the river if they don’t improve, so you will win a small/medium pot, but if the board comes AT77K, you could lose your whole stack.
Then players go to the other extreme and bet 2x pot on a flop with 2 suited cards to prevent their opponents from drawing. Yes, it can pay off if your opponents are bad enough to overpay, but in general this is an extremely exploitable strategy. Set-mines work well against this approach even if the price isn’t great just because these players will bet huge on most flops with their big pairs. They are trying to scare away draws, but they are just getting weaker hands to fold and losing big pots to hands that beat them. If you have AK and the flop comes AT7 again with 2 suited cards, and you bet 150k into 75k, you are getting crushed by 77, AT, and TT (and AA), and you are losing value by folding out other Aces and Tx hands. Players get really lucky and crush the flop and then bet in such a way that assures that they win no additional chips for their big hands to try to “protect” them.
There are 2 approaches that players take to this issue. The one that I think is better, but is more difficult, and which I am not good at, is by polarizing your range. 2x pot is too much, but if you generally make big bets for value, you also need to include some big bets as bluffs, and some trickier play with value hands so that opponents don’t know if they will get paid off when they hit against you, and so you are more unpredictable. When done correctly, you can make huge bets and opponents won’t know whether you want them to call or not (it confuses the story)
The more common approach is by making medium sized bets, which makes it difficult to distinguish value hands from bluffs and makes it more difficult for your opponents to get paid off with implied odds hands (e.g., flopped sets). With this approach you will often give your opponent a reasonable price to draw (e.g., if you bet 60% of pot and they have overcards and a flush draw), but you have to trust your decision making when the draws hit or miss to know if you opponent had it or might try to bluff you, etc.
I just don’t see much reason to c-bet 1/6th of the pot. You aren’t going to get anybody to fold, and you aren’t going to profit much when they do call with worse hands. It also creates a lot of ambiguity that makes later decisions harder because it is difficult to put your opponents on a range. Anyway, I thought I was going to write a few sentences and it became a dissertation lol…