Alrighty, so when to play a speculative hand? I was playing a cash game today at a 0.02/0.04 table. Yeah I know, big spender right? Anyway, I was in late position of a 9 player table. I had an 8 10 of diamonds. UTG fires off 3 X BB. It gets called by 4 other players. So, the pot stands at 0.60 with one more player to react and the SB to react. I decided to call. The pot is 0.72 and SB folds. Pot is now 0.74.
The flop drops 8 spades, 10 clubs, K diamonds. Sweeeeeet!
I had bought in for $2 so I only had like 0.75 in my stack remaining. I pushed it all in. I got called by two players. One had AK unsuited and the other had KJ unsuited. CHA CHING!
This hand worked out well for me. My thought process for the call preflop was:
A) 4 people in the pot, I am betting that two or three hold A,K, or Q or combination of both. That means that a lot of the top outs are gone.
B) If the top outs are gone, in theory, I have a better chance to hit mine.
C) If it hits, I will hit huge.
D) The hand I hold has flush and straight potential.
E) If I don't hit the flop, I fold.
Is this correct thought? Over time, would this hand in the same type situation give me a good ROI? It sure did in this case.
The reason I ask.... I tend to play speculative hands like this when I can fairly cheap and there are a lot of people playing.