I watched a player make a terrible play vs. Daniel last night and I had played a similar hand this past weekend. It concerns playing middle pairs (77 - 99) in the blinds.
You have 32k, blinds are 400/800.
MP limper, Button (or cutoff) raises to 3000.
The MP limper is loose, so is a probable call if you call.
Button is TAG, so he will most probably c-bet if checked to on the flop.
Your M = 26.6
In the SB, you look down at 88.
Now, you have 3 (ok 4) options:
1. FOLD. Folding 88 to a 3.5xBB raise seems weak. Still, I only have 400 invested here and playing this hand post flop will be challenging.
2. Call. You have a pair, you might have a pot of 9k in a minute, and you can evaluate after the flop. You will have 10% of your chips out there though.
3. Raise. Get out the limper and play a bigger pot. Its a raise to 9k, which is now almost a third of your chips and if he re-raises, you will be stuck with an even worse decision for all your chips with a middle pair. A Race at best. If you fold, you are down to 24k, with an M of 20.
4. Shove. Make him fold if you can or call with AK. Of course, if he has TT or better, you are in bad shape and probably going home.
When I encounter this, I called and then check folded on a flop of J35 when the button bet 6k.
In the WSOP hand, the guy checked CALLED the 6k (terrible), then check-folded the turn.
What would you do?