The following questions arose during the last coaching:
Above NL100 its not really worth limping small pairs early, right?
I don't recommend to limp in early position with pocketpairs. When we consider a call according to the call 15 rule we could basically limp them. However, we will have to fold against any raise after us with our small stack. Especially in early position it is very probable that a player after us will make a raise.
I decide to limp PPs only in late position (and sometimes in MP3) under decent circumstances, i.e. limpers in front of me, a 15BB+ stack and most important passive players behind me. Thus I will often get to see a flop and with our shortstack it should be quite easy to extract money when we hit our set in a multiway pot.
How much "positive equity" do you need to reraise? Example: The break even Equity is 50%. Do you raise with a hand that has 52% Equity against Villains Range? Or is more or less Equity enough for you?
Very interesting question. Imo there a several aspects we should consider here.
To start with, we have to ask ourselves how far we want to go. Playing adv. SSS certainly demands to play more marginal situations than the basic strategy does in order to maximize our winnings. However, by playing marginal situations we also increase the variance. That's why I'm not very keen on a reraise/call with only 0.5% edge. Not to mention that our calculations are often based on estimations. Seldomly we can put an opponent to 100% on a certain range. Why should I then risk my stack for only 0.5% edge if my uncertainty is maybe +/-2%? Nevertheless, the better your reads/stats are the closer you can go to the limit.
Another point is the rake. If we have to pay rake (up to NL 200 on party we have to consider the rake) we will have to take it into account, too.
So, on lower limits you should calculate around 2.5% edge in order to play profitable . But even if I play on limits where the blinds overcompensate the rake I won't go too close to the break even equity. Only If my reads are very good I play hands with at least about 0.5-1% edge.
Sample Hands follow soon.
xarry