[Wintermute]

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On the flop Cappalletti explains his raises by saying that since he was going to call, he may as well raise. Would you play the flop the same way? Even though v1 is a maniac and could have anything, with his reraise and the one player still active behind you, do you really think you're ahead right now?

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Cappalletti's not saying that he would cap here against any two opponents; instead, he's capping to push out the only other opponent who may be competent. Even in PLO8 I occasionally take risks like this to isolate the rare complete idiot--it is a +EV move if you can be sure other players in the hand will fold.

Obviously, though, this line does not apply in general. Don't take this hand example to be advice on anything other than exploiting the rare idiot in a specific set of circumstances. That kind of blind aggression against even mediocre opponets will end badly in the long run.