The problem with limping is that AKo usually wins when it makes one pair. Since you now have let in a wider range of hands (including the random hands from the blinds), you're stuck playing conservative poker post-flop unless you flop 2 pair or better. At an aggressive table, early on in a tourney, I might limp in EP looking to limp-reraise. In a cash game, I'd rather play it straight up. raise maybe 5x BB, bet most ragged flops I miss and evaulate where I am on the turn if I'm called. The key to playing AK post flop is narrowing down your opponent's range of hands as compared to the texture of the flop. That's much harder to do if you limp.
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