Revstu is absolutely correct here. Pete and Dan's opinion is one based only on what they've heard preached by others and they do the same themselves, and of course it's backed up by the Woodys and Waltys of the forum because they think it's cool and balla to be all in with 47s. They 're probably more convinced by this strategy because they like the way it feels to turn over 47s when their opponent turns over AKs, as if to say "Yeah, I knew I was at least 36% here...read you like a book!" Well done on still playing badly. (This opinion isn't unrelated to the frequency with which Walty is out on the first hand of a tournament, saying things like "What a donk! he couldn't fold AK pre-flop for 100 blinds!")
OK what's happened in this thread is this: As RevStu noted, Dan and Pete both failed to answer the original question. Actually their advice is something I partially agree with. I'm not pushing 23o with 8BB if it's folded to me but I might with 47s. It depends on the context of the table for one. If it's full of players who know my range here is 47s then I'm definitely not.
But the main point that they both miss is that in all these hypothetical examples, somebody else has already raised behind us. It's just pure stupidity to put all your chips in with 23o or 47s then. This question is entirely about at what point should you make a guaranteed risk of your stack, with no fold equity. At this point, as far as the stacked players on your table are concerned, you're no longer in the game. The guy who is raising doesn't even care that you push here because it's probably less than his raise. The only purpose here is to try to maximise your equity by pushing with a hand that actually has some.
Another example I forgot to mention in my first reply. Suppose you're on the button with 0-4BB, and a player in EP raises, and then a player in LP re-raises, I might push here with ATC if I think the first raiser will fold because I'm likely to be HU for about 3.5x my stack.
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At every action, no matter by whom performed, make it a practice to ask yourself, 'What is his object in doing this?' But begin with yourself; put this question to yourself first of all.
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- Marcus Aurelius
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Fortune, you will not deceive me, you will not fall upon me confident and heedless. I know what you are planning. It is true that you struck someone else, but you aimed at me.
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- Seneca
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I have made all the calculations; fate will do the rest.
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- Napoleon Bonaparte
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