Quote:
Originally Posted by +EVillain
this is great thread and subject
like OP says in his first post, live PLO feels like a different game
i dont hear from/about many live PLO grinders, i wonder how many there are. Live PLO seems like could be exxtremely profitable
The thing that's definitely frustrating for the attempted live PLO grinder is this ultra loose play. Like it's easy to exploit guys in NL. 4 limps to you and you have a strong starting hands in late position? Size it up big. See if you can get it down to HU or 3 way while you're at it. Then, that person who continues will define their range a fair amount, which makes value betting postflop easier. Like you go 5 ways with QQ and you have no idea where you're at when the flop comes T66. Someone limps and calls a big raise, that removes a lot of 6x from their range, so you can go for big value on the turn 4.
OTOH,
Morton's Theorem and fish schooling is a big deal in PLO. Yes, when you play 20% of hands, you'll make money against people playing 80% of hands, but when 7 of your 9 opponents are in the pot w/ an 80% range, your exploits are limited mostly to your hot/cold equity (which is still good, but not great). Then on any flop that doesn't give you a strong hand or a strong draw, you have to assume someone else has a strong hand or a strong draw, because ranges are so badly defined. Like you have AATx and the flop comes T44r? Looks like a good flop. But there's a 13.73% chance that none of the other 7 players have a 4. That doesn't even count that even w/ the T, they can have TT sometimes. So if you can't value bet this board, you can't value bet many.
So clearly preflop, we should favor hands that can make a strong hand or strong draw on the first 3 cards. That way we can actually realize our preflop equity edge.