My first post in here was tight based.
Since I am multi-personalic (????) I offer this alternate perspective. Some times I find myself with this frame of thinking.
It requires only that you can LAT DOWN ANY HAND.
At the beginning of each STT, or MTT no one really knows what the other players are like. Sure you can have stats on some, many, or even all maybe, but we are all different creatures at different times, so we can not know who will try to do what to whom this time.
So occasionally, I will let 1 orbit go by just to get a taste (really little more than that) of what the table dynamics might be. If it is super agro, I'm more than willing to wait for monsters, for awhile. If however it shows some semblance of sanity, well, hell, I'm perfectly willing to take on the insane roll.
I will typically do this by applying first gentle pressure in the form of standard raises from almost any position. My cards aren't gonna matter much, but I might prefer at least sooted cards. With better position, I might make it even less tempting to enter by 4x raising. Cards might get worse with position as well.
The trick here is to be using their chips, which I have won already, against them. Any time that is the case, I am ahead of starting stacks, then I can feel nearly free to play anything from anywhere.
BUT I have to be willing to drop my act in a heartbeat. If I have moved and someone moves against me, I will want good to great playable cards to continue.
In many ways this phase can play like the phase just before the bubble bursts. Folks will not want to lose chips speculatively.
But even when I am playing this mildly agro style, I want to avoid the very early, first 2 orbit insanity we all know about. Then I want to believe that most of the players at that table have a clue. If I think they don't I have to hold back some. It amazes me still that so many players don't seem to know that a 6 will beat a 5.
The benefits of playing loose are that folks will call a loose player down extremely lite. And it seems as often as not they will be too lite. Even if that part were break even, the steals throughout the game will generally be positive.
As for the odds
. The odds to consider before any card odds are involved is whether or not anyone at the table is willing to contend. So from MP on, any raise has a decent shot at taking the pot.
For the most part I think it is important to work with won money rather than bought money, so sometimes this style might take a while to develop. I am not alone in using this style. I see it and it seems I can now recognize it in others. For that I have figured out ways to combat the loose inexperienced lagtards.