Handling the dominant player at the table

[mreinecker]

Let's face it. We've all been second best at a table. Or even the third best player there. In my experience at the home games I often indulge in with my friends, I am usually the second best player there. I win sometimes, but I often lose. And when I lose, I'm usually paying off the dominant player. The better player at the table. My question is, how should I handle a player like him ? What type of strategy should I use agaisnt him ? He seems as though to be a very loose player, and other players are usually afraid to bet into him in fear of reraises. It also seems like he wins more pots than an average player. It seems like he has the best hand most of the time, and I feel like he gets lucky alot. He seems to outdraw people very often. Our games are pretty loose due to the fact that we have some inexperienced players who don't really pose much of a threat at the table. Sometimes I try waiting for good hole cards, and I try and take him out by catching high pairs and such, but sometimes the good cards just don't come often enough, or at all. I really don't know what way to defend my chips from him, and a way to get him to be paying ME off. Thanks to anyone who's read all this, and can help out.