Some players bluff too much, others not enough.
Where do you think the balance really lies?
Is bluffing a key weapon or something players rely on too often?
Bluffing is part of the very nature of the
poker game. If you never bluff, you'll never be profitable. And if you bluff too much, you won't be either. It depends on balance, but it's not as simple as it seems.
Before we bluff, we have to know ourselves. This is especially true if we're playing live. A poker player who bluffs at the table should practice at least a bit of acting: you have to know how to control your facial expression, maintain the same expression for hours if necessary, and understand how the muscles in your face react when you have Aces versus when you're making a light 4-bet pre-flop.
Online seems a lot easier because no one can see our face, right? Wrong. Online is much harder in a way, because while no one sees our face, we also can't see the faces of our opponents. So we have to bluff very carefully, and that requires knowing our online opponents' tendencies. How do you get that kind of information? Only with time. After playing thousands of hands, you'll have seen a certain number of showdowns and built up a collection of notes on your opponents. Based on that data, you'll know whether you can bluff or not.
Now, in a situation where you're up against an unknown player, you can bluff based on your
equity (the potential your hand has to improve on the pre-flop, flop, and turn) and on the river in certain spots where your previous betting has represented that you've arrived at the river either with a monster hand or with absolute air.
It's key to know that at micro and mid stakes, players tend to pay you off to see your cards way more than they should. So, bluffing isn't inherently overrated or underrated; it depends on a ton of factors. Honestly, I believe a more precise answer would require some deep-dive research into bluffing tendencies across the different poker variants.