[Xhad]

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Ok, I understand the concept of calling a raise in the BB in situations where you would otherwise have folded from any other position. Let's say for example, in a Limit game you
have an EP raise, two cold-callers, and a fold by the SB. You are sitting in the BB with J8suited, and decide that you have correct odds to call the raise.

My question is this? Has anyone ever written any articles or posted any theoretical positions about the "extra" dangers and cost associated with playing such hands. I'm thinking about the times that you ge sucked out by a larger flush, or hit a straight and lose to a larger straight, hit two pair and lose to larger two pair, etc.

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Actually J8s does not suffer from the problem you mentioned. Most of the time you make a straight or flush using both cards you will win, and the times you make two pair and lose to a better two pair is far outweighed by those times you make two pair and top pair spews to you.

Your point is valid for hands like A5o or J2s. Even if you're getting marginally correct odds to call, many of your "wins" come from weak one pair hands that are hard to play out of position. Small-Stakes Hold-'em (hand examples, preflop, A9o in the big blind) and Theory of Poker ("Reverse Implied Odds") address this concept.