This situation fortunately hasn't happened to me yet, but it's really my deep-stack nightmare, so I thought I'd post it before it happens.
2/5 NL. You have $1,500 in front of you, as does your opponent. The basic question is how far you want to go with KK in this kind of situation.
Ok, let's take as first case a situation where you raise to, say, $20, and get re-raised to $60 with those stacks. If it's a tight player, I don't have a problem re-raising now to somewhere in the $180-$200 range and laying down if I get yet another raise (?). And, against a tight opponent, I suppose the same thing is reasonable with reverse positions.
But how about against a loose opponent?
Here's what I see a lot: I've had people calling re-raises as big as $100 with hands like AQ (in the one I'm thinking about, I may even have been up against AJ--he didn't end up showing but did have an A; I just hit my set on the turn). So, the A really is a scare card (as are Q and J to some extent).
So, let's go back to the out-of-position case: You raise to $20 and get re-raised to $80 or so. A loose player will often do this on QQ (less so on AK, although imo the AK re-raise is actually a better move). Intuitively, I'd say that the best move is just to pop it back to around $300. You may still get a call from QQ--but you may also get a call from AA. Surely AK or any weaker ace is gone at this point (??).
Well, if that's the case, are you really getting the information you need here? The alternative would be a flat call of the re-raise, then bet out the flop if no ace appears--and with some awareness of JJ and QQ sets. Maybe the flat call is actually better.
I guess the real bottom line here is that I only feel secure playing for that kind of stack if I hit a set AND there's no A on the board.
If you pop it with yet another re-raise, any flop bet is indeed going to mean playing for full stack of $1,500 here, and I just don't quite see that.
What do others think of putting a cap of somewhere around $500 on the possible loss from unimproved KK that looks like it's holding up?
Just as an example: You raise to $20, get a re-raise to $80 and flat call. Flop is raggedy. You bet out $160 and get a call. I think I'd be inclined to just check to the river at that point unless I improve--calling maybe a $200 turn or river bet, but not going much further than that.
Similarly, with position: You re-raise to $100 (I like re-raising harder against a loose opponent simply to hedge my bets a little against strange plays) and get a flat call. I think this already is a decent although unreliable indication that we don't have AA here. And even against a loose deep-stack, I just don't see coming over the top of a $300 re-raise with KK when $1,500 is at stake.
Anyhow, as to the flop, if it's raggedy, I think I'd go ahead and bet pot (letting go to an A) to a check, but probably just flat call a bet (??).
Does the $500-$600 range sound about right for the cap of what you're willing to lose against a loose player with unimproved KK against possible AA? The main idea on these betting sequences is just keeping the pot under control with a stack that deep.
Would anyone actually want to play KK for $1,500 in a situation like that?