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Preflop, we 3bet if:
(1) He's 4betting often enough that we can profitably shove AQo over his 4bet. In which case, we 3bet, intending to 5bet shove over his 4bet.
(2) He's calling 3bets IP light, but still 4betting a very strong range. In which case, we 3bet because we get good value when he calls with hands like KQ, QJ, QTs, Q9s, AJ, AT, etc.. However, when we 4bets, we fold because he's doing that with a strong range, which we aren't profitable enough to put the money in against.
Flop - I like a check to begin with. His range is pretty wide for isolating a limp. I believe he is going to bet a wider range of hands than he is going to call a bet with. That is, he will bet all of his air, nut hands, draws, etc. Whereas, if you donk into him, he is probably folding his air, calling his draws, and raising his nut hands.
It's because of the above, I check. Both check/calling flop, and check/raising flop is fine. It depends on what his cbetting range is, and what hands he is continuing to that c/r with. If you think you can get AQ allin on the flop profitably here, I would go ahead and check/raise. If you are behind his stackoff range on the flop, then check/call.
Turn - Same goes here.. I'm okay with either a lead, or another c/c. I usually c/c in this spot. However, there is merit to leading the turn, so that he can call his draws, and not get a free card. While also probably calling any Qx, Jx, because he thinks you might have a draw.
So yeah, I c/c turn, and play a river.
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