[Aaron W.]

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Raise third, charging the low draws, since you are the only one obviously playing for the high half, diamonds are dead, and many low cards are spent already, making the deck heavy in high cards.

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I'm still pretty new to stud/8 so this could be wrong. I think that the raise on third is only right if you think you can get it heads up by doing so. A big pair does well against one low draw but against more you get them freerolling on you later in the hand and they back into high hands to often for you to charge them when you have a one way hand. It may be a decent value bet though, I'll run some sims later.

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In Split Poker for Advanced Players, Ray Zee suggests limping in with big pairs after a couple low cards have entered the pot.

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You don't want to play against a low hand that has half the pot locked up and also has a draw at the high side. This is likely to happen when many low cards stay in.

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My sense of this is that you want to see them brick a little on 4th before committing lots of money to the pot, as your hand isn't really all that great if they have 4 to a low on 4th and all you have is a pair of kings (and those kings are obvious).