The game has a feature that rewards speculative hands, the fact that you can sometimes play them for $2 and collect $10 bets later. Think about 4/8 where you pay $4 in hopes to only get $10 bets later. It has two things that can punish said hands, the small blind/ante and the potential small return due to a max PFR -- it probably has a single $2 blind and when someone raises the full $10 PF, your turn and river bets are still $10 if you hit.
Quote:
1. Did I not play this perfectly? I think I did. Point out my error if I didn't.
You are facing a 5x open with an implied odds hand. Due to the nature of the game, you couldn't get paid off much in proportion to that bet sizing. I think it is a pretty easy fold, unless he gives up easily post flop. Even then, his 5x raise and you being out of position make it good to be picky. You have to call $10 in a $12 pot.
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2. What if the river did not improve me. Do I bet and fold to raise? Do I check and fold or do I check and call?
I'm not sure how he sees you. If he thinks you're decent, how often does he think you defend the BB? You have a 88
53
board or a 885
3
? Would you have 6
5
to have turned a pair plus combo draw? Are you only representing a slowplayed 3 of a kind? The other strange thing about slowplaying in this game is that the turn bet doesn't double. You waited for your hand to improve to a draw, but you're just letting him build the pot before deciding to bluff. If a scare card had come on the turn, it would make more sense to bluff.
The way you posted this, you sucked out on something like AA and were berated. You said he $10 opened 20%-25% of the time, and I'm not sure if that's "of the times he raises" or "with a 25% hand range". My experience of spread limit games is that people give off a lot of sizing tells, and they don't max open Q8s or K6s. If he's only max opening premiums, you're getting a terrible price and you can just exploit him by making a bunch of super easy folds in small pots.
This doesn't mean he played well (max raising AA) and you played terribly -- you just adjusted incorrectly to his poor preflop play, got terrible drawing odds, bluffed in a spot where it made no sense, and got there.