Today I decided to play a little lower limit no limit and entered 4 $.05/$.10 NL tables at stars. The maximum buyin for this table was $10 and I bought in for $8 at each. Two of my tables had a person above $30 (obviously been there for a while) and the other two everyone was around $5-$10. What I really love about these tables is the passiveness. I limped with most any reasonable hand, from K2 suited to J8 offsuit, just to see a flop, and it cost me $.10, so why not?
After the flop is when the action really starts, so there is no reason not to see a flop and try to catch a good piece. A few times I limped with hands like J4s and 10-3s and hit flops like 10 4 4 or K 3 3. Then you just start to pick at the players, first 20 cents, then 40 cents, then a final bet of 80 cents or a dollar, depending on the number of players still in and the pot size. If you win 1/10 hands you limp with (and are lucky enough to avoid having a 2nd best hand) you’ll come out ahead.
The big hands are when two people flop sets, straights vs flushes, and all the normals, but I like to avoid those hands unless I have a really good hand. That is the one thing about no limit that I’m not a big fan of in ring games. You can slowly build your chips and be up a couple of dollars then run into the nuts vs 2nd nuts and it is all gone. No other game can the swings be that bad, so I like to stick to the little pots and a continual increase.
The level of play at these games are really poor as well. One player was complaining that his aces were cracked by 67 when the 67 tripped up on the turn, and a few other players told him exactly what I was thinking: Maybe you shouldn’t have min-raised preflop, and a bet of $0.10 on the flop with a pot of $1 isn’t exactly going to secure your aces. He argued that if he bet more everyone would have folded… better to win $1 than lose $4, but that is the typical idea, bet weak with big hands and let everyone draw to better. If you play solid poker and crack a few big hands with draws you’ll do fine.