Quote:
Originally Posted by sdfsgf
This is going to seem like an obvious/useless insight, but I'll say it anyway.
The two main categories of mistakes you can make here are (1) folding when you had enough equity to continue, or (2) calling when you didn't have enough equity to profitably continue.
In bomb pots almost everyone is making Type 2 errors (sticking in money when they're behind/dead). Almost no one is making Type 1 errors (folding when they could have profitably continued). So I think you're correct to (when in doubt) err more on the side of folding since you'll end up playing closer to the optimal balance of Type 1 and Type 2 errors than your opponents. By doing more folding, you'll occasionally fold a potentially profitable hand, in exchange for losing far, far less money with all of your second- and third-best hands compared to everyone else at the table.
Yes, when five or six players persist to the river, I'm usually thinking, "how can everyone have connected with these boards well enough to justify continuing?" The answer, of course, is that they mostly haven't.
Another element that should be considered is that when multiple players stay after the flop, quite often, they have each others' out cards. So a premium flopped hand might hold up more often than you would think, even with four or five players shooting at it.
I've adopted a crude version of the strategy you suggest: hit one board hard, hit both boards well (at least), or muck the hand. Playing this game very tight postflop may be the best approach, since when you do hit, you get paid off. Always (at least where I play).
Given that I get to enter pots for $5 that routinely bloat over $500, and given the atrocious play I've seen, I think this might be a HUGE moneymaker. It reminds me of the days when "plain old Omaha" first appeared: no one had a clue. There was much money to be made.