Slowplaying is no new feat in poker. In fact, David Sklansky writes all about it in his book the Theory of Poker. David Sklansky, the author of the Theory of Poker, proposes that in order to practice slowplaying effectively, you have to meet the following conditions: (1) have a strong hand; (2) free card or cheap card others are getting must have a good chance of making their hand weaker than yours; (3) the same free card should not make someone else’s hand better than yours; (4) be sure to drive players out by being aggressive even if you are sure to win a big pot otherwise and (5) the pot should not be very big.
Written in the context of poker games with fixed structures in betting, his book is applicable to many forms of poker. However, he failed to make it applicable to games with big bets by weighing slowplaying advantages against what you could have won with second-best hands.
In small bet games, this will only cost you a small amount to slowplay a flop. In big bet games, however, it may cost so much more. Other factors you need to consider when slowplaying are as follows:
Stacks should be so deep that your hand can have three streets of value. Slowplaying becomes safe if one to two bets can get all the money in anyway.
Opponents who make big bluffs and frail value bets are more beneficial for slowplayers. You should bet on the flop so that your opponent will not have the chance to bet on his top pair.
Crushing the Deck
You must be careful to consider the flop, your cards, and turn cards. Even if you have a strong hand, you still do not have all the cards connected with the flop. Your opponents could as easily get the top pair, which should make him willing to play a big pot.
A bet amounting to a quarter to a half of the pot money is a not so common alternative to checking when slowplaying a strong hand.
In summary, it can be dangerous to slowplay. However, a few turn cards can off the hand and make it hard for you and your opponents to put money into the pot.