Playing against a LAGger
I'm in the process of trying to become a LAGger myself (i.e. a Loose Aggressive player, or a good bingo player). Trust me, it is extremely difficult to play this way and play it well. My goal is to figure out how to play well and then go back to playing tight with LAGging thrown in. I have seen success as far as making it on the "leaderboard", but cashing is a whole other subject. Anyway, the theory behind playing almost any two cards is if you can get in cheaply (say 1 BB) then you may be leaking chips almost every hand, but only 1 BB's worth. Whereas if that 43o hits, you can easily bring in 20 BBs on the hand because no one sees it coming. The biggest thing that throws a monkey wrench in this type of play (i.e. the thing that hurts me the most) is when I'm sitting at a table of players who raise 3-5BBs every hand when they have premium
hands. I can't get in cheaply so i have to fold and just start spewing chips, or I have to shut down and play TAG again. To be clear, TAGs should be betting 3-5 BBs whenever they hit a premium hand. That's where the AG comes in. If you're not then you're really playing Tight Passive (TP?) and that style can allow LAGers to take advantage of you.
So if you see a LAGger at your table, and they are having success, don't try taking advantage of them by luring them into hands with flat-calls, that's what they are hoping for. instead, push them out of hands, or make them pay to see a flop with crap cards, by betting a decent amount when you have a decent to premium hand.