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that's one of the most important part of the game to master. Here's some things to think about, assuming it's a pot limit game.
one low on the board with a low hand
you have A234, and the board is 55J. check and fold the shit
you have A23K with a suited ace, and the board is K94 with 2 of your suit. Now u have a hand. The backdoor low draw just adds some equity to make your hand playable.
what's your low?
if u have some crap like A29Q all offsuit on a 56J board then fold it. But if you have 24 on an A3T, your hand is more playable. Less chance of getting quartered
what's the pot?
if it's reraised preflop by what seems like an AA and there's 4 callers, and you've got a 234K and it comes A8J then the guy who reraised in SB pots it and there's one caller and it folds to u on the button, then you'd be more inclined to call. Than if it was limped pot 5 way, then SB bets, UTG calls and MP1 raises pot to u on the button, and you have no idea what SB or UTG is going to do, then fold it
do u have counterfeit protection?
an A23 low draw is MUCH better than an A2 low draw. if you always called a small bet with a draw with counterfeit protection, you won't ever be making a huge mistake. a small mistake maybe. remember you have 6 more outs if u have counterfeit protection. you an also go apeshit on a multi-way pot on the turn.
any high potential AT ALL!?
remember you don't need a lot of high strength if you have a good low draw. if you have a pair, or a flush draw, or even a gutshot straight draw or a backdoor flush draw it all counts. in my A29Q hand u really have nothing. but if you have A238 and the flop is 24T that's generally a fine hand. An 8 makes a 2 pair to go with your nut low. u also have a pair (u'd be amazed how often that's enough to get 3 quarters). and a 5 makes a wheel straight.
that's some pointers to get you started. good luck
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