We play mainly hold ’em in my game, until it gets late and then transition to an orbit rotation of NLHE/dealer’s choice of PLO or PLO8. If it gets past 2 am we play one true (
ridiculous and degenerate) circus game, which can’t really be sustained for more than one orbit because the pots and swings are so extreme.
Generally I think of NLHE as more of a thinking man’s strategy game, and 4-5 card games being more for gamblers and entertainment. PLO and PLO8 obviously can involve a lot of strategy, but unless everyone is keen to bring multiple buyins and endure giant swings, I find it can lead to losses of home game players not built for massive variance—especially when you get into Big 0 and other games. To me 5+ card games are really not much different in spirit than going to play roulette or craps at the casino.
As far as the Q8o hand... It’s a lot harder to get a bluff/semi-bluff through 2+ players than heads up. Especially when two of them have already raised and reraised your lead.
While the hand had some marginal equity to improve on the flop against three players’ ranges (very, very little against their specific holdings), bottom pair and a gutshot doesn’t seem like enough even against two loose/aggro/bluffy villains... At least one of whom is sure to call, even with far worse than a made straight but far better than bottom pair and a gutshot.
There are just way too many better pairs, overpairs, two pair, sets, open-enders and combo draws, let alone the made straights, among the combined range of a raiser and reraiser. If anything, the play might work slightly better as a check-raise, but multiway I wouldn’t try it often if ever unless I felt I could get a ton of folds.
Meanwhile Dwan check-folding after the reraise to 55K probably should have been an added hint that one of the best in the world thought this was not a hand to continue (even with TPTK, and he folded
before the WW shove).