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When I was in Las Vegas, I was playing a $2/$5 no limit game at the Bellagio. I was playing with a pretty significant portion of my bankroll so naturally I was playing more cautiously than usual. In one hand, the guy two seats to my right made a standard opening raise, then the guy to my right reraised to $100. I looked down at K-K and was so concerned that the guy who reraised had A-A (I figured the most likely hands were Q-Q and A-A, A-A being the most likely), that I almost folded preflop. Finally I decided to move all-in, and was actually called by two players, including a player who was still to act after me, and the player who reraised. The first player to call had 8-7 offsuit, and the player to my right had 5-5. I flopped a set, turned a full house and I won a gigantic pot.
Anyways, I don't think it's wise to fold K-K preflop unless you have strong reason to believe that one of your opponents has aces. Even in the rare circumstance that he or she does have aces, you'll still win around 20% of the time.
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