[sy_or_bust]

this twodimes stuff is like a disease. its not a good tool for limit poker analysis... and i'm increasingly seeing limit players abuse this stuff to their peril.

when thinking about the low, you have a spectrum of hands from 'any draw' to 'nut draw'. heads up and SH, nut draws are not so important, but as you drift further toward the terrible draws your hand becomes harder and harder to play well.

heads-up, AAKK vs. 278J is pretty equal by hot/cold simulation (the latter is slightly better), but on a flop of A6J or QJ3 or 23T, how do you play the low hand? it's conceivable that you simply cannot play, because you are drawing to a hand that really can't scoop much at all. despite the 'any draw' flopping OK, given the aggressor has no draw, the aggressor is going to win a lot of these pots unless the low hand gets out of line. continuously drawing to a crummy 2-way hand like 278J on one of those boards is a sure way to get killed by a good heads up Omaha/8 player.

nonetheless, the low hand will do better in a simulation, and I suspect that's what Cap. says. the high hand is the underdog because 'any low' is good enough. without perfect information, though, 'any low' is not good enough. the high hand must have a playing advantage.