Stack size often comes into play when deciding whether to make a squeeze play or not. As a small stack it can be a perfect opportunity to accumulate a significant amount of chips with minimal risk. As a big stack, you can use your chips to force the weaker stacks to fold.
For a small to medium stack, moving all in over the top of a raise and a call of that raise can give you enough chips to survive several more orbits.
For example, let's say that you have 15,000 in chips with the blinds at 500/1,000 and a 100 ante at a 9 handed table. A player in middle position raises to 3,000 and is called by the cutoff. You move all in for 15,000 from the small blind and both players fold. You add 7,900 to your stack, an over 50% increase in your stack size.
When pulling off a squeeze play as a short or medium stack, it is important to note whether you have any folding equity. If the initial raiser or caller had a small to medium stack like yours to begin with, you might not be able to induce a fold. If you have 10 big blinds or less, you might not be able to induce a fold because of the price your opponent(s) are being given.
What hands should you be squeezing with as a short stack? If your opponents will fold, it doesn't matter. If they won't fold or there is a good probability that they will call, your range needs to be in line with the hands they will call with. If you are wary of being called, you want to avoid “dominated” hands. These are hands like small aces, K-9, and Q-10.
For a big stack, the squeeze play can be a thing of beauty because the players left in the hand know that they will be risking their tournament life if they take you on.
For example, let's say the initial raiser started the hand with 25,000 with the blinds at 500/1,000 and raised to 3,000. He is called by a player who has 30,000. You have 100,000 and make it 10,000 to go. Both of these players know that they can't just call – they will either have to move all-in and risk their tournament life or fold.
This is why the squeeze play is a great source of additional chips for a big stack. The one thing you want to be careful of though, as a big stack, is knowing what players won't fold hands like medium pairs and hands like A-J and K-Q. As with most things in poker, paying close attention to the tendencies of your opponents is crucial.
The Main Holdem Strategy Index: The Great Game of Holdem