I recently dipped my toe in a PLO game at the Aria and lost my shirt for various reasons (called too much pre-flop, played too much out of position, didn't know when to bet, raise, call, or fold with various holdings, etc.). Then, yesterday and the day before I watched Friday's LATB which was a $1/$2 PLO game $100-$400. Watching the betting got me thinking about betting and equity.....
There were many spots in the game where it was heads up on the flop, and one player had a set, when the other person had some sort of big draw (flush and straight draw, a big wrap, or whatever)...basically the equity was close between the two hands, inside of 60/40 either way.
Then one player would bet pot, the other player would raise all-in for another pot-size bet, and the first player would call, both players playing correctly given their equity in the hand.
Bart often talks about hands like, "If his hand was face up, we saw his cards, we would still do ______." In PLO, if both players with close equity had their hands face up, would it be correct for either one to bet? The person with the equity edge, let's say the top set with 55%, can't bet enough to charge the draw an incorrect price to call, and the draw always has the correct price to call with his 45% equity. So theoretically, are both players supposed to check until their hand improves since neither player has fold equity?
This gets me lost. When I played, I may have flopped middle set in a raised 5-way pot, and before it got to me it got bet (pot or close to it), then called. Am I supposed to just call and wait to improve my hand to a boat since it looks like I have no fold equity, or jam it in, since I probably have an edge, even though my edge isn't greater than 60%?
Thanks for the help.