The squeeze play is one of the most effective moves in tournament poker. It can be an effective way to build your chip stack and see you progress to an in the money finish in poker tournaments. However because the poker squeeze play sees you attempting to win a pot whilst holding poor cards you have to know when the time is right to attempt such a move.
Essentially the squeeze play is a type of bluff. You are seeking to represent to your opponents that you have a monster hand and also trying to force them off their hand as a result after they have already committed their chips to the pot.
When seeking to steal the blind you are trying to take down the pot without a fight from your opponents. You want them to fold instantly to your bet before the flop. The best time to try this is when you have late position and are last, or one of the last, to act. If when it is your turn and there are no raisers in front of you it could be a good time to attempt a blind steal by throwing out a good sized raise.
It goes something like this. You are in late table position. A player in front of you has opened with a raise and one other player has called that raise. Now it is your turn to act but you have a poor hand. Undaunted, you go over the top with a big re-raise representing a hand with massive strength. They both folds and you pick up the pot because you have squeezed them out of it. Hence the squeeze play.
It is clearly a risky move to try and execute so it is important that you only try it with optimum conditions and when you think it will work. Because you are throwing in chips with a rag hand you do not want to get called as the odds are you will be behind in the hand. The squeeze play arguably works best in the later stages of a multi-table tournament and when used correctly can really put your opponents off their game.