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i did a pretty extensive experiment into shortstacking this summer. it is harder than it looks but it can be profitable. it's not a weak way to play, i used to think that, but it isn't. i did it at $200nl-1000nl so consider that when you read this post.
when someone buys in for the minimum (usually 20BBs on most sites), they basically turn their active hands into the last few rounds of an MTT: push/fold. against these players, you want the money to go in PF, and they're usually happy to comply. any pair, any two face cards. you want to win races and coin flips. there is no strategy to this. push em in if you have 22 or j10. and cbet the flop if they just happen to smooth call your PF raises, even if you miss. don't be afraid of minstacks, if you double them up, they still only have 40BBs. and if they happen to get doubled up a few times and stick around (i.e. are not a ninja) they often don't know how to play postflop well enough to beat you at the fullstack game that you're used to.
against shortstacks (40-60BBs) more strategy starts to creep in because most players don't want to play for ~50BBs PF w/o good hands. so you tighten up your range a little bit and don't feel obligated to get all in PF. the flop is usually important street against this amount of BBs. look at it like this: there are 3 BBs in the pot from blinds, you raise 4BBs and shorty calls you. that makes ~15BBs in the pot, and him with ~35BBs behind. you certainly don't want to call draws on the flop unless you have tons of outs, because the implied odds are shot to hell (if you hit, you don't get paid well enough for making an 'incorrect' call). in my experience, if shorties hit the flop whatsoever (or miss horribly) they're just trying to get you in a tough position by forcing you to make really tough calls on overbets that are massive and abnormal compared to the normal flop size bets you get out of full (100-150BBs) or deep (150+BBs)stacks. don't get in the business of calling down w/ draws vs. shorties. look and wait for better spots.
it is MUCH easier to play shortstack than minstack because of the pressure they can apply on the flop. i probably lost $3k minstacking, but on shortstacking i was able to hold my own. (it was money well spent from the insight i gained in dealing with you shortstacking fuckers lol) i specifically remember the relief i felt from being enabled to play post flop as shortstack compared to minstack (i did a few weeks as minstack, then bumped up to a few weeks of shortstack).
minstackers would be better off just playing MTTs. shortstackers are different and they have a place in cash games.
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