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There are really only 2 criteria for this play. First, there must be several people who have already limped, second, that the person who is in the BB does not raise a lot preflop. Some people just won't let everyone limp, so watch out for this.
Assuming you meet both criteria for this table and hand, you should limp anything in the SB. Even 72o wins better than 5% against 9 random hands. You have to know what is good enough to stay in with though ... journey gave the example of flopping 2pair with 25. This is not good enough to stay in. I wouldn't call an all in or push with this flop. The chances of someone else catching a pair and the board pairing is too high.
In general, you want to catch 2pair or better or a 4 flush or an OESD to play past the flop with crappy starting cards. This being said, watch out for 2 particular situations here:
1: As in journey's example, you have 2 small cards that catch 2pair. If you have the bottom 2pair, you don't want to play unless you can play for cheap. If you can get to the turn and the board hasn't paired, you can think about it ... if you can get to the river cheap and the board hasn't paired and no one has shown high aggression, now is your time to put down a big bet. In general, the lower of your 2 pair should not be the lowest card on the board.
2: The sucker straight. Do not draw to the low side of a straight. Let's say you play J5o and flop 678. Fold to any bet. We are assuming here that several others are in to see the flop. Your out of the 4 may be good here, but you don't really have an OESD because the 9 is poisoned. If a 9 comes, any T beats you(and if a T comes, any 9 beats you). You may pull down the occassional nice pot with these hands, but you will lose too many huge pots for it to be worth it.
One additional point: playing low flushes. A flush is always a good hand. If you have a flush you are a huge favorite, even if it is a baby flush. But you have to know your table and opponents to play them. At some tables people respect a flush board too much, at others they don't respect it at all. If you are at a table and no one gives action when there is a flush board, you want to be very careful with a baby flush. Probably the only person calling or betting big has a bigger flush. But conversely, if the table doesn't respect flush boards and routinely bets into them without a flush, this is the time to put your chips in the pot.
At Low limit no limit holdem, one of your biggest edges is to play loose pre-flop in the blinds and in very late position. Pick your spots, and you will make a lot of money with these plays.
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