Hiaya,
Is it possible to ever be +EV on limp-calling low-mid pps in EP?
I think the conventional NL-wisdom for the caller vs opener claims that ”all pps are +EV given the big implicit odds” .
But is that so? Would that not be extremely player dependent?
I raised the question at a lesser forum (!) before, and only got answers on par with ”stupip f*ck, it’s always a great play – you’ll stack the sucker when u hit”. Yeah, thanks a lot for that (FTR).
Qualifications for situation:
You limp in with 88 in EP, folds down to MP2 who brings it in to 4*BB. Folds back to you, and you call.
Full stacks, both you and MP2 now have 96BBs left for the flop play.
The read on MP2 is: solid player who will open in that spot with 99/AQ/Ajs (36 pps, and 36 non-pps).
Basically, any flop will leave MP2 with about 27/72 (38%) A-high hands without flush draws. (I did the numbers). These could be forced to fold with a flop bet.
How could you proceed here to even get close to +EV?
Extremes:
1.
You bet half pot (or any amount) all the time, hoping for some folds when he misses (fold equity). With 1 fold in 3 you are even money for the post-flop play if you bet half-pot, though not counting your cost for calling preflop.
- Can’t work. MP2 might just always call you, and thus effectively just increase the size of your preflop call retroactively. You have only reduced your implicit odds.
Even worse, he’ll just stay with his top-whatever fraction determined by your bet size.
Very –EV.
2.
You only bet your trips. Well, when MP2 catches on he’ll just fold when you bet, or stay with better trips.
Very –EV.
3.
Game theory would dictate that you bet your value (trips), and semi-bluff a fraction determined by your bet size.
Bet pot – you give odds 1:2, so your semibluff ratio should be just that, 1:2.
But now you’ll check/fold something like 80% of the flops (MP2 will of course bet if you check)
Bet less than pot – you’ll play even fewer flops. MP2 will just pick the cherries with solid holdings and be happy about all the Check/folds you give him.
There are many variations, but I really don’t see how a limp-call ever can be +EV here.
It would be if MP2 is a fish who would give you his stack on all your sets, and you give him nothing on your non-sets..
It would also be a much better situation with extra callers in the pot.
Suggestions appreciated!
I have for now given up on ever limp-calling OOP in EP UNLESS the raiser is an ATM OR there is at least another caller already in, OR there are some limpers behind me yet to act (hopefully call or fold).
/rush