4. Model Game - Predke vs Gukesh
Our main position can be reached via 1.e4 c6 2.d4 d5 3.exd5 cxd5, and now there are several options that all will lead to the typical exchange (Carlsbad) structure: 4.Bd3, 4.c3, 4.Nf3, and 4.Bf4 can be similar (4.c4 leads to the Panov).

The Exchange Variation is considered a very positional approach, but it can also lead to interesting attacking games if Black acts carelessly. We have the same pawn structure with colours reversed as in the Exchange Variation of the Queen’s Gambit Declined – the so-called Carlsbad structure. Here, White has a favourable version of this, as he has no trouble developing his queen’s bishop, which is not easily achieved for Black in the QGD. What are the typical plans connected to this pawn formation?

While the structure on the queenside looks solid at the moment for White, Black can start a minority attack by pushing the b-pawn, creating a weakness. For example, exchange b-pawns and leave a backwards pawn on c3 that can be attacked by the rooks.

Pihajlic – Djukic, Belgrade 2012, position after 22.Qf3
In this position, Black can gain a pleasant advantage. This is achieved by exchanging all the minor pieces! After 22..Bxe5 23.Rxe5 Nxd3 24.Qxd3 a5, …b4 can hardly be stopped. White is faced with a passive defence, whereas Black can press for a long time and is playing for two results.

Playing actively in the centre can be an option, although this needs to be correctly timed. If Black plays …f6 and …e5, he may end up with potentially weak hanging pawns, while if he goes for …e5 without …f6, he ends up with an isolated pawn. For the central break …e5 to be successful, it needs to be well supported by pieces - otherwise it might backfire.

Meister - Khalifman, position after 19.axb4
White would like to play Nb3-c5, after the which the backward pawn on c3 becomes irrelevant, while the knight sits on an unassailable outpost on c5. To counter this, Black initiated play in the centre with 19…e5!, leading to a satisfactory position with an Isolated Queen’s Pawn. Chances are roughly balanced since the weaknesses on c3 and d5 offset each other.
Based on the outpost on e5 – typically occupied by a knight – White can start an attack on the kingside. Since the pawn formation divides the board, it can be difficult for Black to bring resources to the defence of the king. A classical example, demonstrating this, albeit with colours reversed:

Bobotsov-Petrosian, position after 33.Rfd1
Here, the World Champion initiated a strong attack with the pawn sacrifice 33…g5!, threatening to open files with …g5-g4. After 34.Qxh5 f5, Black has more than enough compensation for the pawn, and White soon cracked under the pressure: 35.Re1 g4 36.hxg4 fxg4 37.f3 gxf3 38.Nxf3 Rh7 39.Qe5 Qc8 40. Qf4 Rf8 41.Qe5 Rf5 and the white queen was caught in the middle of the board – Black resigned.

Shalimov-Yevseev, position after 20.Ne5
Here, Black has chosen a more purposeful setup against White’s play on the kingside. After 20…Nxe5! 21.dxe5 Nd7 22.Rad1, the second player managed to free his position on the kingside with 22…f6!, which led to approximately equal chances.

Carlsen – Kramnik, Moscow 2019, position after 22…Rb8
After 23.Nc1, the knight was transferred to d3, its ideal position. From this magical square, the knight solidly protects b2, while it’s also ready to jump to the strong outpost on e5. Carlsen won a textbook game by later opening the h-file with h4-h5, which led to a decisive attack.
1.e4 c6 2.d4.
Before going into the main line of the Exchange Variation, we examine the related line 2.Nf3 d5 3.exd5 cxd5 4.Ne5

This move appears to contradict one of the fundamental opening principles: never move a piece twice, unless you have to! Here, this is justified because White forces a small concession – in the main line, he obtains the pair of bishops. However, it does not pose significant problems for Black. 4...Nc6 (4...a6!? GM Basso and GM Jobava suggest stopping Bb5 in their repertoire, Caro-Kann Defense - Complete Guide for Black - Part 1) 5.d4 e6 6.Bb5 Bd7 (6...Qb6, this move is the newest choice of GM Basso and GM Jobava in their repertoire, Jobava’s creative Caro Kann 2025) 7.Nxd7 Qxd7 8.c3. In case one likes the Exchange Variation, this might be a good alternative. It leads to the same pawn structure, but may come as a bit of a surprise for Black
2...d5 3.exd5 cxd5 4.Bd3. Based on this move, GM Neiksans offers a Positional Repertoire against the Caro-Kann.
4.c3 Nc6 5.Bf4 White can try to play an early Bf4 (transposing to the London System), so Black can't prevent that with …Qc7, but there is a nice plan available, suggested by GM Dreev in Caro-Kann According to Dreev - Part 2: 5...Bf5 6.Nf3 e6 7.Nbd2 f6, followed by …g5 will put the position of the white pieces into question.

Position after 7. … f6 with the idea of …g5 coming.
4...Nc6. Black has other good options with 4…Nf6 5.c3 Bg4 6.Qb3 Qc7, and the interesting 4…Bf5 - see GM Eljanov’s course My Caro-Kann - Part 4. 5.c3 This set-up was used by Bobby Fischer - with c3 White secures the position of the bishop on d3 against …Nb4. 5...Qc7. Black doesn't want to allow bishop to f4. I chose this as the mainline because it is essential to know the trick demonstrated here.
5...Nf6 is another reasonable move. 6.Bf4.
6…g6 is a common idea, for example 7.Nf3 Bg7 8. O-O O-O 9.Nbd2 Nh5 10.Be3 f5 with interesting play.
6…Bg4 7.Qb3 (7.Nf3 is possible, but the pin can be annoying. 7... e6 8. Nbd2 Bd6 9. Bxd6 Qxd6 10. O-O O-O 11. Re1, and here we see a position that holds chances for both sides. White will try to bring a knight to e5, while Black can try to prepare a minority attack on the queenside) 7…Qc8 8.Nd2 e6 9.Ngf3. It should be noted that this position could also appear in the London system. For a broader understanding of these positions, we recommend the course Caro-Kann - Pawn Structures, Tactical Ideas, Endgames, and Theoretical Trends.
6.Ne2. 6.h3, preventing the possible pin after 6.Nf3 Bg4, can be met with 6…Nf6 (6…e5!?) 7.Nf3 g6 8.0–0 Bf5!? Black is ready to accept doubled pawns since this would increase his central control. Depending on White’s play, castling queenside might become an option. 6...Bg4 (6…e5!? is another good option) 7.0–0 e6 8.Qe1.

This move seems a bit unusual, but it contains a clever idea that Black should be aware of. 8…Bd6?! steps into the trap. 9.f3! Bh5 10.Qh4 Bg6 11.Bxg6 fxg6. White has a small but long-term advantage due to the better pawn structure. Instead, Black should play 8...Nf6 leading to a position with approximately equal chances after, for example, 9.Bg5 Bxe2 10.Qxe2 Bd6 11.h3 h6, etc.
After the basic moves 1.e4 c6 2.d4 d5 3.exd5 cxd5, both sides can choose between various move orders.
White places his dark-squared bishop on its best diagonal. While this prevents systems with an early …Qc7, the second player profits from not having committed his knight to f6 yet: 4…Nc6 5.c3 Bf5 6.Nf3 e6 7.Nbd2 f6!? offers interesting play.
5…Qc7 is an ambitious continuation, preventing an immediate Bf4. Black gets an acceptable game after all possible continuations: 6.Nf3 Bg4, 6.h3 Nf6 (6…e5) 7.Nf3 g6 8.0-0 Bf5, 6.Ne2 Bg4 7.0-0 e6 8.Qe1!? Nf6 9.Bg5 Bxe2 10.Qxe2 Bd6.
The tradional 5…Nf6 is also fully viable. Following 6.Bf4 Bg4 7.Qb3 Qd7 8.Nd2 e6 9.Ngf3 Bxf3 10.Nxf3 Bd6, we get a position where understanding the plans in the underlaying structure is key. For example, exchanging the light-squared bishops with …Bh5-g6 would be a typical idea.
White
Black