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 Originally Posted by pankfish
I thinking of limping to exploit other players tendencies. I don't see any reason to balance my range unless others are adjusting.
What do you mean by balance? I think limping is best in late position. Would say limping AK 40% raising 60%, raising sc's 70% limping 30% be a balanced range? I'm talking only of opening in late position. Big hands and speculative hands are in my limping range. It's more weighted towards bigger hands, but wouldn't someone have to play a million hands against me and really be paying attention to know that?
To the underlined part, not really.
To your whole idea, you will be losing more value through putting in less money with your stronger hands than you would be gaining value through the "deception" you gain from limping them a majority of the time. A balanced range generally seeks to make the most +EV play the most often, while only switching things up enough so that your opponents can't put you on a definite range by your betting actions.
The following is a massive overkill of an example.
As an analogy, let's consider an open raising range UTG of {AA, 54s} where we are raising/limping AA some portion of the time and raising/limping/folding 54s some portion of the time. Naturally, it makes sense that for AA we will be raising a lot more than we will be limping, since raising is the most +EV play. Then, for deception, sometimes we're going to limp AA. Suppose we have an arbitrary set amount of 14% limps and 86% raises (which is very close to open limping A A and raising all other combinations). Also to add some deception to our raises and limps, we decide that 25% of the time (5 4) we have 54s we will open raise, 50% of the time (5 4 and 5 4) we have 54s we will open limp, and the other 25% of the time we will open fold. So here's how this would break down in terms of what our ranges are with each betting option:
If we raise with the range defined above, then of the six possible combinations of hands we have, five are AA and one is 54s. If we limp with this defined range, then of the three possible combinations of hands we have, two are 54s and one is AA. Now if an opponent sees us raise UTG then he knows that we probably have AA but we might have 54s. If the same opponent sees us limp UTG then he knows that we probably have 54s but we might have AA.
The point is that you want to be doing the "standard" action the most often because it holds the most value by itself, but you should "mix it up" just enough that your opponents are off guard and that the value you lose by playing hands differently than standard is offset by the value you gain with your deception.
In short, don't open limp AK more than you open raise it.
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I'm gonna give limping a try
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