Re: why is limping so bad?
Three main reasons:
-If you have a hand that figures to make money, then it figures to make more money if you get more of it in. Yes, sometimes your hand might do better in a multiway pot, but this is generally only true if the people who would limp behind you play poorly. Otherwise you're just giving away position.
-You don't want the blinds to come along free or cheap. It's just not good business. Unless you've got a monster. How much of a monster differes between limit and no-limit. In limit there's not much more than AA/KK that is really despondent about winning the blinds. In no limit the blinds are a little less crucial.
-Always raising gives away no information about your hand, compared to raising your best hands and folding your worst (or the opposite). While in an occasional circumstance you might be better off limping with AA, if that's the only thing you limped with, an observant opponent would know to stay the hell away. Even a semi-observant opponent will probably feel uneasy when you limp.
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