jmbreslin
Wednesday, July 1st, 2009, 5:48 PM
QUOTE (gobears @ Wednesday, July 1st, 2009, 4:47 PM)

Interesting:
Limping works in loose-passive games, 4 or more to the flop and <100bb stacks in general according to the author.
Actually no, his conclusion was the opposite. If you expect 4 players or fewer, limping is higher ev. Raising becomes the better play only if you can expect your raise to be called by 4 or more players (assuming ~100BB stacks). Raising only becomes the better play with fewer players when stacks are in the 150BB range.
"If you only expect 4-way action or even less players to call your raise a high percentage of the time you would certainly do better to limp. This is because your EV for raising lowers at a faster rate when less players enter the pot than your EV of limping. The chance of winning at stack doesn’t increase enough to justify the preflop risk when there are few players that will call a raise. When you raise you won’t make up enough EV those times that you get four or more callers to make up for the times that you get three or less callers if the standard is for 3 or less players to call a raise."
Also, near the end:
"If the stack sizes get much deeper, say 150 big blinds, then raising becomes a favorite because your reward for winning a stack is higher and you want to increase the chance of getting that reward. Also, as the stacks get deeper you may be able to profitably call a reraise so the fear of the reraise is diminished. With stack sizes around 100 big blinds the decision is very close. Limping appears to have a slight edge given the assumptions that we made."