Re: Quantifying the value of position in limit HE
Restricting the hands to the top 40% will make no difference since both players know this is happening. In this game, having a 60th-percentile hand is like having the worst possible hand in regular play, while having an 80th-percentile hand is like having a median hand in regular play. The relative values of some hands change, but the advantage of acting last should be constant.
I don't think B has an advantage as big as half a small bet. If A checks he puts B in the position of acting first, only B has the option of checking without allowing A to bet. That's not a huge advantage, especially if A mixes things up a bit and sometimes checks, then raises B's bet.
B would have the best of it, but it's nothing like the difference between acting first versus acting last in a full table; or being on the button preflop when everyone else has to put money in the pot or fold before you decide what to do.
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