Re: limpers & button
Raisig 77 and other mid/low pairs has been discussed at length in small stakes in the past. I'm sure a lot of good stuff can be found with the search. I think the reasoning comes down to: you have a slight equity edge, when don't flop a set and there's other action you can easily fold, you can check thru and have another shot at hitting a lot of the time, and when you do hit a set you will be paid off big (partially because it will be unexpected and partially because there will frequently be overcards that your opponents pair and pay you off with).
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