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The call on 3rd is horrible. There is a huge difference between calling someone is steal position who you know has random hole cards and calling someone who raised into a bunch of low cards and you know has at worst a smooth 8.
I wouldn't even call this raise with 368. The discount you are getting does not justify the call.
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How can you POSSIBLY not call w/ 368 there? You outflop him you win the pot... Also, the worst you can be is 42% on 3rd. Do you fold AK in the BB to a single raise vs. an unknown because he might have QQ?
-ChipsAhoya
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Not true, you could be 34% with 368, since your cards are dead.
I don't think 368 is at all the equivalent of AK. It would be like folding A9o to an early position raise.
I am not going to always call when I know I am behind, just because I am not that much behind. You often wind up losing a big pot that way.
http://twodimes.net/h/?z=3784266
pokenum -mc 500000 -r 2c 4s 5h - 3h 6h 8h / ts 4c qd 7h 5d 2d
Razz (7-card Stud A-5 Low): 500000 sampled outcomes
cards win %win lose %lose tie %tie EV
4s 2c 5h 330188 66.04 169734 33.95 78 0.02 0.660
8h 6h 3h 169734 33.95 330188 66.04 78 0.02 0.340
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Well, I didn't account for dead cards, but still, if he bricks and you don't, you win the pot here. I can't imagine your statement meant you would call w/ 862 but not 863 because of dead cards.
368 is not A9o because A9o could be 20-25% vs. a huge range, domination, etc. W/ 863 it's exceedingly likely you're not worse than 40%.
-ChipsAhoya
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I usually would not call an early position raise into a bunch of low cards with an 8 unless my cards were live. I do think this is somewhat similar to having a dominated hand in holdem. Maybe I'm a nit, but I win at mid limits playing this way.