Ruy Lopez 5.d4 exd4 6.Qxd4 and White is in . After 4...dxc6, the obvious 5.Nxe5 is weak, since 5...Qd4 6.Nf3 Qxe4+ 7.Qe2 Qxe2+ leaves White with no compensation for Black's bishop pair. There are two principal lines after 4.Bxc6 dxc6. In the late 19th and early 20th centuries, Lasker had great success with 5.d4 exd4 6.Qxd4 Qxd4 7.Nxd4. Since then, better defences for Black have been developed, and this line is considered to slightly favour Black. Jon Jacobs wrote in the July 2005 "Chess Life" (p. 21): "A database search (limited to games longer than 20 moves, both players FIDE 2300+) reveals
Ruy Lopez, Exchange Variation than this. White now threatens 6.Nxe5 because the sequence 6...Qd4 7.Nf3 Qxe4 to regain the pawn, now fails to 8.Re1 pinning and winning the queen. "ECO" code C68 examines these responses to 5.0-0: 5...Qf6, 5...Qe7, 5...Bd6, 5...Qd6, or 5...Bg4 (all directly defending the e5-pawn, except 5...Bg4 which indirectly defends by pinning the knight). The moves 5...Be6, 5...Be7, and 5...Ne7 are less common moves which have never achieved popularity. The idea behind these moves is that if White plays to win a pawn with 6.Nxe5, 6...Qd4 7.Nf3 Qxe4 is again playable, as the Black minor piece on e6 or e7 blocks