Re: The question is not what to do with AA
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the question is what to do with crap.
If raising with AA is a -ev play, that tells me you are playing too tightly.
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Either raising or limping with AA preflop can never be -EV -- only different degrees of +EV. And it's not necessarily that the hero is too tight, it's that the other players are.
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Limping might have some value as a deceptive play... but I don't think so.
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Limping has great value at tight tables. Any hand that decides to limp behind you, is donating money to your preflop equity edge. You want your opponents to make mistakes against you when you have AA, and that mistake is putting money into the pot with an inferior hand.
At a very tight table, a raise is more likely to induce players to play correctly, causing them to fold their marginal hands. Whereas limping makes it more likely that one of them will mistakenly enter the pot behind you (and maybe, just maybe, try to raise you out of it [img]/images/graemlins/cool.gif[/img] .)
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