Here's a hand I played yesterday that a couple of 2+2ers might have caught the end of. This is completely a preflop situation, so if that bores you move on to the next thread...
Live 20:
Jesse is in the BB, I'm in the SB.
3 fishies limp, I have Q
T
in SB and just call. Jesse raises, the 3 fish call, I 3-bet, Jesse caps, 2 fish call (1 folds), I call.
So this is basically a 2-part question, the first LIMP and then the RE-RAISE.
LIMP:
1st time around, I limp. There are 3 fishy players and I probably have a small preflop equity edge, but if I raise I'm pretty sure Jesse (BB) folds at least 50% of the time. We do create 1 sb of dead money (which is nice), of which my equity is slightly more than 0.25 sb (split 4 ways).
If there were, say, 4+ limpers, I probably would have raised it. But even with the small equity edge, I don't like raising 4-way because I'm OOP and I oddly don't like having the initiative in a 4-way 9 sb pot OOP with a hand with no showdown value -- I almost prefer not having initiative. Heads-up or 3-way, initiative is great, but I feel it sucks 4-way and I'm not sure I can articulate why. We can check every flop we miss, but this allows our opponents to play perfectly postflop against us, nullifying our preflop equity edge (IMO). So I kind of felt those negatives balanced out our small equity edge.
7-way capped on the button with initiative is fuggin' awesome with QTs, but 4-way OOP in a 9 sb pot, I don't really like.
There is also the small probability Jesse 3-bets preflop if I raise, would which majorly be the suck as there's a good chance we would end up heads-up.
THE LIMP-RE-RAISE:
So once Jesse raises and everyone calls, I decided to 3-bet. I'm not sure this is correct, but with a good multiway implied odds type hand and a greatly decreased chance anyone folds, I'm much happier raising now. In a 5-way ginormous pot, initiative and position have very little value IMO, as this is pretty much all about going to showdown with the best hand.
I'm a dog vs. Jesse's range, but does that matter?
...
Thoughts on both actions? Is my thinking sound?