I'm actually in a similar situation as the OP. I've started playing .01/.02 NL ring games on UltimateBet (don't really have the bankroll for anything bigger yet) and so far I've been doing pretty well just playing solid poker.

As far as continuation bets go, often times what I find is that even with me betting 5x the big blind, I'll -still- end up with 3-4 callers. Which means continuation bets are pretty much out of the question most of the time. Not to mention that even in the unlikely event that none of them has anything, they'll happily chase pot-sized bets anyway, at least till the river.

But on the flip side, they'll usually call your great hands too. If you do make something, you can be almost certain that someone out there will have made a second best hand, and will happily tag along to the river with you.

Since these guys are pretty much always passive preflop (3-5 will try to limp in usually every pot), I've been thinking a lot lately about the type of hands to play against them. I think there's some merit in aiming to play hands that play well in a multi-way pot from late positions, since you'll rarely get raised if you limp in.

Low pocket pairs, Ax suited, suited and unsuited connectors above 45? Perhaps even suited gappers? Anyone have suggestions as to which of these hands are worth playing in this kind of a passive game and which aren't? And should I just play them from the button/cutoff, or can I play them pretty much anywhere from MP on?