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Originally Posted by UnnaturalDisaster
Basically what streity said. It's pretty rare that I ever limp in PLO8. I do see a lot of limping when I play on US sites. I'm not exactly sure why this is the case but it does amuse me. That's not to say that having a limp range in certain situations is bad. It's just something that I personally have never incorporated into my game and in general most players I see who do a lot of limping tend to be weaker players.
It's PL, limping is sometimes useful for pot-control and also for balancing your image. Give a good player too much of an idea of a wide potting range/slim limp range and they will start calling pots with good counter hands to that range, especially in the SB/BB with a discount or if they know raiser isn't great at post-flop play.
It's not a 100% clear fold here, but the decision isn't between limp/fold because pot control and image aren't really important at his point. It's between fold/pot and the correct decision depends on what reads your have on BB mainly, since SB will fold nearly all of his range to our pot in hopes we bust out. The more fold equity we feel we have against BB then the more likely potting him should be here, regardless of our slight lead on 3rd. The stacks are a bit misleading for this hand since blinds will hit us before the short stack, we are actually at a bit of a disadvantage if we shut down now.
Blinds are still a bit low, which is the only reason here to fold this some of the time and pot some of the time. As blinds go up, the pot % in situations like these go up. Big stack either doesn't realize he's had massive fold equity or he's maintaining a non-aggressive image until blinds get a bit higher and he can steal more before others become aware of it. Either way, we should take advantage of his lack of aggression and try to put some distance between us and short stack while we can. Also it puts us in a better position to play for first, which is 75% of the prize pool in these. Since table image doesn't carry over into other games on bovada, I'm usually taking the more aggressive lines when equities run close in situations like these. Other sites, probably fold a % and pot a % of the time to keep a decent image up. Worst case situation is we get scooped roughly 1/3 of the time and that's only if it goes to showdown.