We're starting to get some PLO games in the casino I play at so I decided to sit into a very splashy (borderline crazy) $5/5 game. It had been a while since I played live PLO so I decided to short-stack it and buy in for $300. My general strategy was to play a very tight hand range in position and pretty much flat my entire range pre-flop and on the flop. Not sure if this is a great strategy but there was plenty of betting and raising going on by a few crazy players so I felt like not blowing up pots until the turn seemed like a good idea. In any event, I built up to about $2800 when this hand happens:
Villian has me covered. Hero has AKJThhss on the button. Villain (a loose aggro Asian kid on a heater) raises it to $25, cut-off calls and I call [$80 pot]. Flop was KJ5r. Villian bets pot, cut-off folds and I call with top two and gutter [$240 pot] (you can discuss the merits of the flat call if you'd like, I feel like it may be bad but I'm not sure how bad). Turn is Td (brings back-door diamonds). Villian bets pot, I raise to $650. Villian re-raises to $2050. He see's I'm thinking of calling and turns over ATdd. Can you go over the math of deciding whether or not it is correct to call? And how my re-draw equity comes into play? Since he bet / 3-bet I wasn't positive which portion of his bet would count towards the pot for calculation purposes. Thanks!