A dynamic blind stealing methodology

[thepokerpupil]

I just like to know if i'm on the right track with my logic here. I've started to accumulate a lot of hands (000's) against my opponents at the LHE that I play.


If I know that for example, the SB has an 86% chance of folding and the BB has a 78% chance of folding, that would make a total chance of the blinds folding against a blind steal of 67.08%. Does that theoretically mean I could attempt to blind steal with the top 67% of hands? If not, how can we use this information to derive a hand range percentage that we would steal with?

I'm also looking at the CO position for blind steals. If I take the last example, and imply that the button will fold my from my raise 80% of the time, does that theoretically mean I could again raise with the top 53.6% of hands (0.86 x 0.78 x 0.80 = 0.536)? It seems absurd to me to raise that often, and i'm probably wrong. But again, how can we then use this information to make better blind stealing decisions?