Quote Originally Posted by MrGlue:
I used Poker Stove. With that program you can assign your opponents ranges instead of specific hands. If our opponents ONLY limp with the three hands you mentioned then we're going to have a different amount of equity against different opponents who limp with the RANGE of hands I suggested.
I'm not going to put up much of a fight in favor of limping... BUT, with 2+ limpers in a hand I'm going to see a cheap flop with odds and position, some times. When I do, I'm looking to: flop a monster in a multi way pot, flop a monster draw against a weak made hand, or look hard for fold equity/dead money.
Ok. Hand ranges makes sense then.
Given the play at 1/2 tables, I'd be willing to suggest your pot odds to limp would be as low as 2.5 - 1 or even 2 - 1 (but, as you insinuated, you refined your read on the limpers to be holding more quality hands than not).
An issue about Poker Stove...
Are these, specifically 'hand-range' pot odds pre-flop, really useful in live games? Online, it's obvious why it's useful. The calculation is instantaneous.
In a live game, aren't we reverting back to intuition/feel about a players holding rather than the strictly profitable, actual pot odds to make a limp?
How many players, even top pros correctly calculate pot odds in the scenario we are debating? Even if you put 2 players on ranges simultaneously (hard enough to do in itself), a pot odds calculator is necessary to justify your limp with 3/5. And what if your reads are incorrect to begin with?
This is the problem I've always had with implied odds. They are completely subjective and players always justify bad calls by saying, "Well if my inside straight hit, I would have felted him so that's why I called with 11-1 odds on the turn"
Most of the time, good players know you hit the nuts when you shove given their experience at the table (and conversely, your perception of them). Hence, the argument is flawed well before the river card is dealt.