I wanted to share something I have found to be really profitable recently. So far I'm working from a pretty small sample size so I wanted to share my thoughts and hopefully fine tune this idea.
The move is most effective in the mid to late stages of an MTT where it folds round to hero on the BU and the effective stack between you and the BB is somewhere between 15-25BB. Min raising this spot is super profitable. I just filtered this scenario on HEM and I'm winning 38.91 bb/100. Not too shabby. However, recent videos on DC have made me consider limping this spot. The main reason I think it's worth considering this alternate line, is that these stack sizes vs steals are becoming really close to solved for most player types. Anybody half decent knows exactly what sort of hands they should be reshoving for 15BB from the BB vs a guy with 50% steal, they know what hands they should be 3b/calling or 3b/folding for 25BB vs a 60% steal.
To give ourselves the easiest life possible, I'm not going to consider limping the bottom 40% of hands. Lets keep those for stealing vs nits/5-10BB stacks, or folding. Also for the time being let's leave out the top of our range, say top 11% (77+,A9s+,KTs+,QTs+,ATo+,KQo), hands that we're really happy opening and calling off. I'm looking at doing this move initially with the middle part of my range (55-22,A8s-A3s,KJs-K4s,Q5s+,J6s+,T7s+,97s+,87s,A9o-A7o,KJo-K8o,Q9o+,J9o+,T9o,98o,87o) and I'll explain why.
Example Hand
Poker Stars €9+€1 No Limit Hold'em Tournament - t4000/t8000 Blinds + t1000 - 6 players -
http://www.handconverter.com/hands/2218107The DeucesCracked.com Hand History Converter
CO: t274773 34BB
Hero (BTN): t160290 20BB
SB: t224534 28BB
BB: t154554 19BB
UTG: t173040 21BB
MP: t204159 26BB
Pre Flop: (t18000) Hero is BTN with
3 folds, Hero calls t8000, 1 fold, BB checks
What happens immediately when limping the button is that we force the players in the blinds to react to something that they are not used to. In this case the small blind folds, but often they will limp along a very wide range, and the big blind checks meaning that he is playing any two cards. In fact, his range is weaker than any two cards as I would expect him to raise the top of his range 100% vs this action. We've put ourselves in position with KTo vs a range that looks something like 66-22,A6s-A2s,K8s-K2s,Q9s-Q2s,J9s-J2s,T2s+,92s+,82s+,72s+,62s+,52s+,42s+,32s,A7o-A2o,K9o-K2o,Q9o-Q2o,J9o-J2o,T2o+,92o+,82o+,72o+,62o+,52o+,42o+,32o.
Against this range we have 64% and we're forcing our opponent to play OOP which is good. When we min raise KTo, villain is not going to fold KJ and he might rejam K9 and make us fold, both those things are bad.
Flop: (t26000)
(2 players)
BB checks, Hero bets t9500, BB raises to t19000, Hero calls t9500
We flop top pair and get check raised, considering how wide his range was to start with I would say we have the effective nuts a lot of the time here and just flat call. Because of our limp pre flop I would expect a lot of players to try a chk/raise bluff here.
Turn: (t64000)
(2 players)
BB bets t126554 all in, Hero calls t126554
Gin on the turn and villain jams. Villain woke up with
in this hand so we got lucky on the turn, but I think this still works as a good example of how we've got value from a hand that would otherwise have never been in the pot.
OK, results in the same time frame as I had previously filtered for min raising the button, now for limping the button are 169.49 bb/100. Obviously this is a much smaller sample size but even if this is out by 75% it's still coming in as a viable alternative strategy. As history builds up you will need to start considering balance as an issue and start limping some monsters to trap, but for know I'm really keen to hear your thoughts on this line and any initial pros/cons you can envisage.
Just one more thing. I'm aware forward thinkers like Sam Grafton have been limping the button probably since the Gutshot was open so if this is already a topic that you guys have worked on, analysed & decided was BS then just link me a previous thread and i'll continue on my merry way.
Happy limping!