The flop is the first three community cards turned over by the dealer. Choosing to play a starting hand is the biggest decision you will make while playing Texas Hold'em. Deciding whether to continue playing or not after seeing the flop will be your second biggest decision. The latter can also be one of the most costly decisions if you continue after the flop with an inferior hand.

The flop defines your hand. That is because after the flop your hand will be 71 percent complete. Where does this figure come from? Assuming you play your hand out to the end, it will consist of seven cards. After the flop, you have seen 5 cards or 5/7th of the final hand (which equals 71 percent). With this much of your hand completed, you should have enough information to determine whether to continue.

Nineteen thousand and six hundred (19,600) three-card combinations can appear on the flop. Combined with the two cards in you hand, you have 2,598,960 five-card combinations. The sad reality is that after waiting patiently for a good starting hand, you probably will not like the flop.

Author Shane Smith coined the phrase, "Fit or Fold." You will want to use this criterion when deciding to continue playing the hand. If the flop fits your hand, you will continue playing. If the flop does not fit your hand, you should fold. The flop can fit your hand three different ways.

The flop may make you a complete hand that is capable of winning the pot without any further improvement. You could make top pair, two pair, trips, or any other complete hand.

The flop may give you a good hand to draw. This could include a four-card flush or straight draw. With three or more players in the hand, you will be getting correct odds to draw to this hand.

This means that the cards in your hand will beat the cards on the board. If you hold an overpair to the board, you have top pair in the pocket. Sometimes with just overcards higher than the board cards, you can continue playing.

This may sound very simplistic because there are other considerations you need to make even if the flop fits your hand. The make up of the flop will be a determining factor as to whether you continue playing or not. Many players in low limit games will play any two suited cards. If the flop shows two cards of the same suit, there is a good chance one of the other players could be on a flush draw. If the flop gave you an open- ended straight, you could be drawing dead if the other player makes a flush.

There is no single correct way to play your hand after the flop. You must consider just too many variables. You should also be aware of some other considerations in every hand you are involved in before making your play.

How many players in the hand?

If you are on a draw, you want enough players in the hand to make it worth your while to continue. If you have top pair, you want to limit the field if possible because the more players in the hand, the bigger the chance that someone will complete a drawing hand.

You should always be aware of your position. The number of players acting after you may have a bearing on whether you check, bet, or raise. Any time you are in late position you have an advantage.

If there was a raise during the previous round, you need to know who made it, and what position the raiser is in. Is this player a solid player or a habitual bluffer?

You need to know approximately how much money is in the pot at all times to determine if you are getting the correct odds to continue playing. Usually three or more players will give you the odds you need after the flop.

Here are two common mistakes made by players after the flop.

Small pairs are lousy hands if they do not improve to a set on the flop. If there are overcards and more than one player, you should throw your hand away if there is a bet in front of you because there are only two cards in the deck that will help you. The odds are 11:1 against making a set on the Turn and 22:1 on the river. These are not good odds, therefore, go by the rule: No Set, No Bet!

After the flop, you have nothing. Everyone has checked to you. Many players will bet in this situation in hopes of stealing the pot. Do not waste your money. The reality is that in a low limit game with a multi-way pot you will find someone chasing. Save your money and take a free card.

If you are playing correctly, you should not have to think too much about continuing after the flop. Be smart and dump those hands when the flop misses you.

Until next time, remember:

Luck comes and goes.....Knowledge Stays Forever.