Well, for the most part, my rather over-aggressive PF strategy with AA and some other good hands has worked pretty well. Here's one where it didn't, and I think it illustrates a lot of Monk's and kuso's points pretty well:

$200 PLO on Stars. I have $185 and raiser has $411.

2 limpers and raiser, who seems to be an aggressive, good player (I hadn't been at the table long, so am not completely solid in reads yet), pots it to make it $11 to go. 2 LP callers, and I'm in BB with AsAhJc4s. Single suited with one broadway card, I classify this AA hand as middle-of-the-road, as far as AA goes (not a bad AA but not a great one either).

Anyhow, I go ahead and repot to make it $59. As the course of the hand shows, I think this was a mistake. Near all-in, I don't have a problem (hence against short-stacks, i.e., less than about $100), but getting right at 1/3 of stack in is a bit dodgy because now potting it is all-in, and half-pot commits me way too much (am I really supposed to dump 2/3 of stack, then fold?). Anyone like a mini-raise on my AA here? Original raiser calls and all others fold.

The flop then comes horribly for AA, and I'm OOP: 8d3d7s. Well, I've got an overpair with runner-runner flush. Like a complete idiot, I move in and get a call from 6789, who makes his straight and already had to know he was ahead.

I rather think the trick, if one is to adopt some kind of aggressive raise strategy, is actually NOT to get in right at 1/3 of stack, which is about the worst place to be. I'm thinking this is probably a good AA to flat call with (probably better than the mini-raise, which I think might be good for junk AA hands, monster AA hands and all other super-strong hands, such as wraps, double big pairs, stuff like that). Maybe then check-raise flops I like, including my nut flush draw if the board isn't paired ... (?)

I'm still fairly new to Omaha, but this is what I did yesterday, of course he's an idiot for calling but I think I played it alright.

I just occasionally dabble in some Omaha as a change of pace from limit holdem, so I was playing this hand. I'll share my thought process at each street.

------HAND 191------
Game #1725648123: Omaha PL ($0.50/$1) - 2006/03/02 - 00:34:48 (UK)
Table "Maplewood" Seat 6 is the button.
Seat 1: spanner1 ($288.73 in chips)
Seat 2: schizoII ($94.50 in chips)
Seat 3: Gamblar17 ($24.67 in chips)
Seat 4: Bumsen42 ($32 in chips)
Seat 5: Tavare ($98.50 in chips)
Seat 6: Fluffy001 ($83 in chips)
Seat 8: Dontmess ($102.64 in chips)
Seat 9: Xxedub ($134.50 in chips)
Seat 10: Storm7 ($102.25 in chips)
Dontmess: posts small blind $0.50
Xxedub: posts big blind $1
Gamblar17: posts big blind $1
----- HOLE CARDS -----
dealt to Dontmess [5s Tc Ad As]
Storm7: calls $1
spanner1: raises to $5.50
schizoII: folds
Gamblar17: folds
Bumsen42: folds
Tavare: folds
Fluffy001: calls $5.50
Dontmess: calls $5
Xxedub: folds
Storm7: folds

Maybe I should've folded here? I figure one of the Aces is suited, and I'm so use to not folding AA. With the PFR I figure he probably has AA too or another high pair, I think I'm OK seeing a flop.

----- FLOP ----- [4h 7d Ts]
Dontmess: checks
spanner1: bets $19.50
Fluffy001: folds
Fluffy001 sits out
Fluffy001 sits back
Dontmess: raises to $78
spanner1: calls $58.50

Well, that's a pretty harmless looking flop. I'm thinking he can't have me beat right now, at worst its a split. I checkraise thinking I have the best hand and maybe he'll fold his AA, and if he calls I think the worst case is a split, and I did pair my 10 so that's a few more outs there.
----- TURN ----- [4h 7d Ts]The Four of Spades
Dontmess: bets $19.14 and is all-in
spanner1: calls $19.14

I wasn't gonna fold anyway, but a flush draw now too makes it pretty sweet. If he has a 4... well I guess it happens.
----- RIVER ----- [4h 7d Ts 4s]The Six of Diamonds

Looks like a good river

----- SHOW DOWN -----
Dontmess: shows [5s Tc Ad As] (Two Pairs, Aces and Fours, Ten high)
spanner1: shows [Th Ks 6h Kh] (Two Pairs, Kings and Fours, Ten high)
Dontmess collects $210.78 from Main pot

WOOHOO!!!! I <3 Crypto Omaha.
----- SUMMARY -----
Total pot $213.78 Main pot $210.78 Rake $3
Board [4h 7d Ts 4s 6d]
Seat 1: spanner1 showed [Th Ks 6h Kh] and lost
Seat 2: schizoII folded before Flop (didn't bet)
Seat 3: Gamblar17 (big blind) folded before Flop (didn't bet)
Seat 4: Bumsen42 folded before Flop (didn't bet)
Seat 5: Tavare folded before Flop (didn't bet)
Seat 6: Fluffy001 (button) folded on the Flop
Seat 8: Dontmess (small blind) showed [5s Tc Ad As] and won ($210.78) with Two Pairs, Aces and Fours, Ten high
Seat 9: Xxedub (big blind) folded before Flop (didn't bet)
Seat 10: Storm7 folded before Flop (didn't bet)