[pzhon]

In general, when your opponents are playing loosely, you should loosen up. Many people advocate the opposite. They are wrong. While you could profit by playing tightly, you are missing out on a lot if you keep folding hands that are a clear favorite over the junk they are raising.

Why do you normally fold hands like AJo when there is an early position raise? An early position raise normally represents a stronger hand than AJ. Even with the advantage of position, it's not worth getting involved. In your game, an early position raise means someone has a face card, or has two to a straight-flush. AJ is still a decent hand in that game after a raise, reraise, and cap. There is nothing wrong with putting in 2 or 4 bets preflop with AJ when your opponents' raises are meaningless.

Postflop, in a normal game, you might release middle pair when you see a bet and a raise in front of you. Here, the pot is huge and the bettor could have undercards and the raiser could have a gutshot.

Don't focus on knocking people out. Value bet and pump your big draws. Keep in mind that you don't need to win the pot 50% of the time to bet or raise for value. You only need to win more than your fair share.