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Pocket aces
Despite what most people think, pocket aces is not the easiest hand to play (72o is, because you usually just click the fold button - nothing easier!). I find that some of the limit cash games I'm playing in these days are so tight that usually when I find AA, I simply win the blinds with it!
In limit, betting it preflop is almost always the right move. You may also choose to reraise it – although if you find yourself presented with the option of deception after someone else has reraised to limit the field, you may have reason to slow play.
For no-limit, card play is much more situational. However, I would seldom slow play AA at a full table. This applies in either tournaments or cash games – especially in cash games.
When shorthanded, and especially when shorthanded with a high blind stack ratio, slow play AA because you will likely sucker in some action without much risk of being beat. This usually happens at the end of a sit-and-go tournament when players have few chips to spare.
For any table of five or more people, slow playing is not usually your best option. You want to raise preflop just like you would any other decent hand: make a standard 3x or 4x raise, or raise the most you expect will be called by your opponent. Occasionally, it is beneficial to slow play after someone else has raised. But this is only the case if you expect the pot to be contested either heads-up or three-way, because the last thing you want is to pick up AA and end up in an 8-way pot with it. Playing AA into an 8-way pot in no-limit can often lead to problems.
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