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"Philadelphia fans would boo funerals, an Easter egg hunt,
a parade of armless war vets, and the Liberty Bell."
-- Bo Belinsky
Rec.gambling.poker once had a discussion about Pot Limit Omaha High
worth repeating here. Peter Lizak started it by writing: "I would rather play AKQJ over AA24. AA kinda sucks alone. It needs back up.
Think of it like chess. The queen is powerful, but you don't shove her into enemy territory without support."
My view is that if a player would rather play AKQJ for all his chips head-up, then he needs to hit the lottery quick. Full table Pot
Limit Omaha is not primarily about cards. It is first and foremost about position, position, position. If the chips are deep, position
renders everything else trivial. If the chips are not deep, you want to get all-in or close to it before the flop with AAxx. You are a
significant dog to nothing, besides a dominating other AA hand, and a good favorite over most.
Windows - Mac
Raising first under the gun with AAxx is suicide, not because AAxx is bad, but because raising under the gun in PLO is foolish with any hand.
Limp and reraise if the chips are short and you can get all-in. If the chips are deep you should either limp/fold or limp/call, with an understanding
that the weaker the opponent, the more likely you should call. When playing opponents who are more likely to foolishly dump chips post-flop while
drawing near dead, the more hands you can call with.
If you are playing with players in the same skill ballpark as you, the biggest reason to play hands out of position in PLO is to encourage other
people to play out of position. That is really and truly the main reason. You want to play for a limp, or limp/fold, and only rarely limp call...
while they limp and call your raises when you are in position. If you limp and are allowed to
see the flop cheaply, then you just play poker with the hand you flop
-- which should be a strong one since you should not play terribly weak hands out of position, nor play after the flop without a clear favorite hand.
If you are playing against opponents much weaker than yourself, then you can play more hands out of position and play them more aggressively than
against stronger players, but still, even against very weak opponents your edge will be far greater when you are in position versus out of position.
 PLO played online is very different than when
played in casinos. The online cardrooms have buy-in limits that prevent you from playing the normally sensible way to play when there are no restricted
buy-ins, which in short is to buy yourself a big stack of chips. They have capped buy-in amounts and thus require you to begin games by playing small
stack PLO (until you win your way to a big stack). In that way, AAxx is generally a better hand online than in a casino, since any pot size reraise
will often be over half your stack.
Still, it is even more complicated online, as some games have higher restricted buy-ins than others, and some games even play with
antes on top of blinds. And, you may be in a game with a bunch of short stacks, or you could be in a game where everyone has more than
the minimum buy-in. Or, you may be in a 6-handed game instead of a nine or ten-handed game. It is very hard to generalize about PLO
games online, other than to say that in general the level of play is very, very poor.
But again, assuming deep stacks, PLO is position and betting. A solid player who understands the game and has deep chips, can play
3579 in position and eat up AAKK, while also playing AAKK in position to eat up 3579.
Most any hand can eat up a better hand that is out of position.
If someone wants to make a pot raise under the gun with AAKK or AAJT, I'll play almost any hand against them if we have deep
chips. This is especially true if I can put the player on AA with great confidence. The player in position will generally lose
small pots and win much bigger ones. This is why you
can't get good PLO games with only good players. They become utterly pointless. You need players playing out of position for a lot of
chips for the game to exist. Fortunately such players can be found online, as most games will have horrible players raising first under
the gun with a wide selection of hands, constantly putting themselves at a disadvantage to anyone who calls or raises behind them.
In that RGP thread, another person then wrote that in a multiplayer pot you can get more out of the AKQJ, and that such multiplayer pots weaken AA42 quite a lot.
I replied that this was not saying much, unless we know specific hands, and the position of those hands. AKQJ offsuit is a very lame
hand multiway when AA is also out, and more so when you have other big card players in the pot. The Broadway straight is the #1 sucker
hand of PLO where people get freerolled for all their chips. Also, a hand like AdKdQJ is not great because you have the key payoff
card that you want in an opponent's hand, the K of diamonds. (When you make an Ace-high flush you want the person with a King-high
flush in the pot. You will be able to get larger bets out of that player than one with a Queen-high flush or a nine-high flush.)
AAxx should be looking to play pots headup, via a pot raise in position or a pot reraise out of position. If it can't manage one of
these scenarios it should commonly be limped before the flop, then folded when the flop misses. If you do see a flop out of position
for a limp multiway, AAxx is vastly superior to AKQJ because the way AA will hit the flop is either an Ace, or a nut flush draw with
a small pot. In either case you are in fine shape. AKQJ hits sucker flops, two pair against sets, straights against the same straights
with flush outs. Only very rarely will you have the best freeroll with the nut straight and top two pair, and that is only four outs.
A suited ace, flopping the Broadway straight and having the nut flush draw, there you have a hand, and it rarely comes along!
Even more than No Limit Hold'em, Pot Limit Omaha is a card game that is only a little about cards. Personalities, chip stack size
and table position dictate play much more than the spots on the cards.
***************
In response to two recent emails I thought I better clarify a few things... In a full game, three off the button is in position; in a six-handed
game, three off the button is first to act! These situations are not similar. The less players, the more blinds you have to pay, so the impact of
the blinds on your play will be greater, as it will on other players too. Also, as stated above, online games with restricted buy-ins are a different
sort of game than casino games where players often have 1000x big blinds or more in front of them. And of course, the level of play in online games
is far weaker than full, casino PLO games (where tens or hundreds of thousands of dollars can be in play with some of the best
all-around players in the world), so you can typically play many more hands online.
You make money in poker by playing when you have a positive mathematical expectation. The weaker the players, the more often you will
be able to get a positive expectation... so you can limp with more hands, bluff more hands from both out of position and in position,
play more hands out of position for a raise, raise with weaker hands, etc.
A winning PLO player can win from every seat at the table, but generally when out of position you should be playing smaller pots before the flop,
while in position you want to be looking for pots to play for all your chips, while ALSO doing what is the core principal of winning poker:
achieving and identifying when you have a mathematical advantage over your opponents. This can be from having position, from a liveone being drunk,
from an opponent misreading a hand or a lot of other things. Your win rate from the button should be highest of any position, and the seat next to
the button should be the next most profitable. The key to PLO is position, but the key to all poker is to play when the math is on your side.
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