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I'm going to give you the advice that Sklansky, Malmuth, and Ed Miller give for low stakes hold em... Keep in mind that this is more for limit, but it still applies to NL (I included A10s even though its not technically Axs)
One issue I ponder with these reccomendations is that they might be slightly off for NL since it's not taking into account the possibility of completely de-stacking someone or facing a raise larger than one bet while you are on a draw... In limit you can just call the one bet and draw at your hand... you might face a much larger raise in a no limit game.. Perhaps the math works for both game types, though, since while you can just call the one bet, the max you can win is 3 bets (on each street) if you make your flush... but I'm not for certain.
For Tight Games (3-5 Players Average to the flop):
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Early -
Fold A9s-A2s, limp with A10s
Against a raise: fold A10s - A2s
Middle -
Limp A9s - A2s , Raise A10s
Against a raise : fold A10s - A2s
Late -
Limp A2s - A7s, Raise A8s-A10s
Against a raise: fold A10s - A2s
SB -
Limp A2s - A9s, Raise A10s
Against a raise: Fold A10 - A2s
BB -
Raise A10s
Against a raise: Its kind of limit specific here, stating that you should play the same hands you'd play from late position for one bet... I think the equivalent in NL would be either calling a minraise, or calling if at least 3 people besides the raiser are in the pot.
It seems to leave out the reccomendation to call a raise if at least 3 other players have also called it, for tight games... My guess for this would be, that perhaps the tighter the game becomes, the less value you gain from Ax's ability to make top pair and win a showdown, against a raise...
Or maybe they just completely forgot to mention it and you should actually call a raise if 3 other people have also called it... I don't know... They do reccomend calling in this situation for loose games, though, and since they say to revert to the tight guidelines if LESS than 3 other people have called the raise, it may very well be implying to call in tight games if 3 or more people have called the raise.
Examining it further though, it definitely looks like they leave it out on purpose, because only the loose game section has text that reads "If 4 or more players have entered the pot", under the late position guidelines.
For Loose Games (6-8 Players Average to the flop):
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Early: Limp A9s - A2s, Raise A10s
Against a raise: Fold A9s - A2s, Call with A10s (this advice might be limit specific too, because if its a large bet, calling with A10s would probably be -EV. If its a bet likely to get called by 3 or more other players though, you should probably call)
Middle: Same as early
Late: Limp A7s-A2s and K8s-K2s, Raise A9s-A8s and Raise K9s
Against a raise: If at least 4 people have entered the pot... Call with A10s-A2s (ANY suited ace), fold suited kings.
If fewer than 4 people have entered the pot revert to TIGHT game guidelines for late position against a raise.
SB: Limp A9s-A2s and K9s-K2s, Raise A10s
Against a raise: Fold A10s-A2s and any suited king as well
BB: Raise A10s
Against a raise: Same hands as late position for one bet (again, limit specific, so I'd probably call a min-raise or a slightly larger raise if 3 other people had already called it)
So there you have it... I hope you found this useful because it took forever for me to type out, Lol. Actually, this was really helpful to me too, becuse it forced me to think a little more deeply about the subject, and the concepts involved. Like I said before, this advice is primarily for limit play, so take it for what its worth, and draw your own conclusions from the reccomendations. I still think that this information is very helpful in developing your strategy for no limit play as well, though.
 Originally Posted by gabe
if the table is loose, play them. if the pot is raised and other people are in, dont fold.
^^ This seems to be pretty dead on with the guidelines they make in the book, in a much shorter and abbreviated version
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