So obviously you cannot exploit a strategy that is, by definition, unexploitable. That's why most people (including me) thought he was just being a troll. But it seems Y.J. was being genuine and actually wants to discuss strategy. Instead of focusing on the poor title,
let's discuss the merits and drawbacks to having a limping range on the BTN. (Long post incoming).
The main advantage of limping is that it allows you to expand your VPIP range. You should generally polarize your limping range such that it contains bottom-of-range hands that happily fold to a raise, and a few traps/high-value hands that happily continue against a raise. But it's a trade-off. You pay more rake, you have to play more pots postflop, you allow your opponent to realize more equity, you weaken your opening range, you increase variance, and you don't get to steal as often.
Limping is primarily used when one or many of the following factors are in play:
1) There's little-to-no rake;
2) You have a discount to enter the pot;
3) Stacks are short enough that you want to keep the SPR high and/or give a bad price on a raise;
4) There are antes and/or other dead money in the pot.
Here is a comparison between two
heads-up charts, no rake and with rake. Note that the BTN/SB gets a discount entering the pot:
So limping strategies definitely exists in 100bb HU matches with little-to-no rake. Higher rake = less limping.
But that's HU, let's take a look at multiplayer strategies. In tournament games, limping the BTN is a valid strategy (with 12.5% antes) at stack depths below 40bb.
At stacks greater than 40bb, even with no rake and antes, solvers do not use a limping strategy.
12bb eff BTN strategy:
30bb eff BTN strategy:
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Other considerations:
Most players under-defend their blinds, over-fold to c-bets, don’t 3-bet often enough, and don’t peel as often as they should. These exploitative factors make open-raising much more lucrative than limping.
For the vast majority of us playing high-rake 100bb cash games, limping is incorrect both exploitatively, and theoretically.