Reads: Early 30s or so white guy who's a bit loose pre flop and haven't seen much from him post flop. New table, so only about 30-45 minutes of history with him. My image might be kind of wild, but I've had really good hands. AK twice, large pots both times, first one I lost an all in coin flip pre flop vs 33. 2nd hand I doubled up. Then I lost a series of small pots that didn't go to showdown.

Villain open limps in HJ+1. HJ limps, I limp on the button with AJ, SB makes it $35. He's been raising quite a lot pre flop and often c/f on the flop. Everyone calls. $145 in there, $300 effective (my stack).

Flop: 10109. Preflop raiser checks and villain bets $200. HJ folds. Hero?

With like 30% of our stack in dead money behind I'm basically shipping it when the action gets to us pre. No one should ever have anything that beats us after limping.

As played, ship flop. If you have as little as 40% equity you're breaking even. The least equity you can reasonably have is 38% (you could conceivably have as much as 46%) and I think I'd take the couple % points of EV in exchange for being seen as an action player. Plus if V bet/folds ANYTHING at all (even if it's like 3 combos of KJs) you're +EV here no matter what.

Why would you ever overlimp preflop from the button with AJs?

As played, I'm not getting it in on the flop with a paired board. Reverse implied odds get too messy drawing to flushes that could be dead.

Also buy in full (100 bb), or play 1-2.

At least 38%? How do you figure that?

Against KT, we have 28% equity.

Against T9, we have 1% equity.

Seems like we fold here.

30-35 pre and fold otf. Bad RIO and no fold equity if we ship.

Raise pf and iso with a good hand & favorable SPR. And after limping, if SB is raising wide in this spot, as you claim he is, shipping after the two callers is +EV.

Against this Villain, flop is a pretty clear fold. He's been quiet postflop, and now overbets a paired board with a FD into three players, two of whom haven't acted yet. 10x/FHs are the vast majority of his range. We need about 40% equity to call, which we do not have against Tx. I don't have Stove on my laptop, but my guess is we'd need to include a lot of draws in his range before calling becomes +EV. We just don't have any reason to think this Villain is capable of huge semi-bluffs in MW pots. We also block a lot of possible FDs.

Raise pre, after raise if villain is raising wide I might ship it pre, as played folding flop.

Definitely raise pre. Shoving pre seems reasonable with the dead money out there, but SB should have a pretty strong range here so I'm ok with calling and then stacking off for 60bb on any reasonably good board. Chasing draws on a paired board sucks though, so I might just fold here. Haven't done any calculations but I'll bet the EV between folding and shoving is pretty close anyway.

Ah I made a mistake here. In the heat of the moment, I thought against a range of almost all 10-X with some combos of lesser flush draws and a tiny chance of a bizarre A9 type hand, I had over 40% equity needed to call (note we can just pretend he's shoving for $300 into the pot, since I have almost no FE). In reality, my equity is somewhere in the 30-38% range depending on how often he's betting hands worse than 10-X.

Results: I shove, he has 10-X and it holds up.

I'm moving to $1/2 for a while...getting destroyed and running bad at $2/5.

JJ, discounted QQ, QJ, dominated FDs.

But yeah that's probably too wide. =\ Vs a tight villain suddenly going ape**** this is a fold.