But watch any high stakes game and it has gotten to that point: a much larger range of hands are capped, and most those hands go to showdown since hand ranges are interpreted more correctly; for eg; all flops are cont bet by the pfr. most turns are cont bet.

Therefore you should basically call with anything thats a favourite over his hand range on the flop and turn if you know he will always bet the flop and turn. You should even call with anything that has even the slightest chance, because since the pot is capped preflop most the time, you only need a smidge of equity.

I used to always wonder why people would be calling down at high stakes with stuff like K high, back door flush draw, one overcard, in a 150-300 game that was 3-4 handed, when the other guy had the initiative; but it really doesn't matter about iniative; usually having a couple outs and a small chance of winning at showdown is enough to call down since you KNOW he always cont bets flop / turn.

The problem is when they start checking with the iniative, since you can't correctly interpret their hand range (you have to work out what they bet and check postflop, not just their preflop play, because their flop play was previously automatic); but then what is the point of the initiative if you are not going to use it to bet?

(sorry this is a massive ramble, its a tricky subject)