I like to keep up with the poker literature, so I recently began reading the MTT book Raiser’s Edge. While I do disagree with some parts and think others need more explanation, it’s certainly an interesting and entertaining read, priced pretty fairly at $10 or so on Kindle.
Katie and I sometimes kid around by imitating young internet guys loudly talking during WSOP breaks, saying things like, “I KNEW HIS 6-BET RANGE WAS POLARIZED SO I 7-BET SHOVED HIM WITH KING HIGH.”
The Elky book is full of examples of leveling wars and light 3/4/5-betting, talking at length about the hyper-LAG style. For instance, one hand they discuss involves a player 3bet squeezing with K4s, another player cold 4-bet shoving 60 blinds with 76, and the K4 player calling it off. (Strangest part about the hand is, of course, the K4 holding up.)
I definitely agree with the main pros and cons they outline for playing hyper-LAG, such as the pro of being very unpredictable, and the con of having a much higher-variance style.
One point that they also touch on briefly is that if everyone else is playing loose, playing tight yourself becomes a very viable strategy. A huge benefit to playing LAG used to be that you could get away with stealing blinds/antes very often. If you’re at a table of older/tighter players where that’s still possible, then I fully agree that playing LAG or even hyper-LAG is the best strategy – in fact, it’s not even close post-ante.
But if you’re at a table where your opens are routinely getting 3bet and called in position by fellow loose players, that’s a very different situation. Someone like Elky may still be able to play 38/32 or whatever and continue to outplay his fellow LAGs, but the best solution for most will be to tighten up some.
Consider an extreme case where you’re at a table with 8 or 9 maniacs. Obviously you’d want to play tight and let them spew to you. It’s not as simple when you’re playing against LAGs who are at least somewhat decent/thinking, but one alternative to getting involved in constant leveling wars is just to be more selective in spots you get involved.
While I’m not a fulltime MTT pro, I’ve had good results with that strategy at LAG tables, and I think it’s an overlooked alternative in the increasingly LAG games described in Raiser’s Edge.