Colorado betting rules and Hold'em

[RunnedOver]

Since there is $5.00 limit by Colorado Law on any bet or raise, at the max Colorado hold'em game, a $5-$5 game, the bet cannot double on the turn or onwards. Consequently, you see more drawing hands than normally, with a preponderance of straight draws. So, my question, should anyone care to address this, is how to adjust play across the board for this?

[Kurn, son of Mogh]

Implied odds drop significantly. Drawing hands become less valuable. High cards and mid-high pocket pairs go up in value, but set value for smaller pairs goes down.

[AaronBrown]

In theory, this should result in fewer people seeing the flop, because bluffs and draws are less profitable. My guess is that doesn't happen, meaning that almost every hand should end in showdown. If there's only one other player left in the hand, you can see her cards for $15, and if several players saw the flop, the pot odds almost have to justify a call. So the last player to act will seldom fold post flop.

If that's the case, you have to play for showdown value, meaning play strong hands. That includes strong hands that are seldom played otherwise, like A-small and small pairs. These are bad hands in normal limit or no-limit play. Even though they win a lot at showdown, you seldom know you're going to win, so you can't call big bets. The opposite are suited hands and connectors which don't increase your chance of winning much, but when you do win you know it. These become much less valuable. In normal games, there is an advantage to playing small cards, in that you hit when other people don't expect it, and can bluff when the flop is all small cards. Don't play small card hands either.

If people play correctly, it becomes more like normal poker. Because people aren't playing drawing hands and deceptive hands, fewer people see the flop, so the pot odds are not so attractive, so fewer hands go to showdown, so it becomes more attractive to play deceptive hands and bluff. That will result in more multiway hands, and heads-up reraises, which make drawing hands more valuable. Before you know it, you're back to something like normal play.

[Dog Boy]

But many will chase all the way with sc, or atsc. Played the 2/5 game friday and in addition to lots of chasing, most pots were won with sets or two pair.

Most people don't play correctly. I would like to see the above analyses modified to reflect the "payday gambler."

edited for spelling