Re: Raise or fold theory
Two reasons:
-Some hands are so bad that they need bluff equity/fold equity to be profitable. A9o is such a hand; you're mostly stealing the blinds, but with a hand that can still make a decent hand if it gets called.
-Some hands play so much better shorthanded than multiway that you have to try to narrow the field with them. A9o doesn't want more than two opponents, preferably one.
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