Happy to discuss preflop further. I've been doing ~100% limping with <15 BB or so. Basically if no one is folding to a preflop raise (and I don't think they are -- every preflop raised pot was still going 3-4 ways), I'd rather keep the pot smaller in position since I'm not super convinced that even with a premium like this the bigger pot size is worth it compared to surviving. If the biggest mistake people make is overvaluing hands postflop or chasing one-way hands I'd rather have more behind to play for postflop, where I think I have a bigger edge. Happy to discuss though if you disagree, I'm totally new to this. (In a cash game of course I would raise).
FWIW I emailed Bart Hanson about this a couple weeks ago to ask about his short stack Big O preflop strategy and he had this to say (hopefully he's OK with me sharing this):
Quote:
Honestly I would stay away from raising to try to pick up the dead money specifically in Big O. In 5 card, especially if you hold a pair in your hand like aces, any 5 card hand that is unpaired is basically flipping with you. There really isnt a point. I like to keep the pots small in Big O because its such a post flop dependent game unless I have a super premium where I will raise pre as a sort of pull, to get more money into the pot mayb to 3x after several limpers. But if I am short, say less than 10bbs, Ill still limp along because the added value of making the pot bigger isn't worth it compared to survival. And remember in the PL game there is no ante. In 4 card PLO8 you can raise pot to pick up dead money as basically almost every AA or AK+wheel hand is ok to get it in with as they are favored over any other hand (with the exception of say AA89o vs AK23ds.) Big difference between the games, when less than 25bbs. One is half pre half post and the other is almost all post.
Also remember AA non premium in Big O has value only if the AA are double suited. I laugh out loud in these tourneys when I see guys "get it in" for like 20-30BBs with a hand like AA4xx.