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First you are losing the whole point of preempting when you do it with 2N and give them an easy cuebid, a pass and then balance, a X and then balance, etc.
Agree, but how do people exploit that lovely extra bidding room?
My partnership uses this strategy:
X = Take-out, could be rather light (lovely to be able to t/o double and still sell out to 3mi if that seems best).
X + X = Take-out again. Extra values obviously.
P + X = Penalty.
X + bid = Forcing.
Bid = Better than P + bid.
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In general we always use X of an artficial bid/raise in competition as "take-out of what they have shown".
For instance: Namyats, Bergen raises, 1x - (1y) - pass - (2x) Dbl, etc.
Very useful to be able to take-out double without actually having to enter the bidding in dangerous situations. Much better than the usual lead direction treatments, we think.
Against Namyats, it works like this:
X of 4mi is a shape take-out of 4Ma - could be aggressive because of the safety.
X+X: Shape takeout with extras
P+X: Balanced take-out (~ strong notrump type).
I find this defense so strong that Namyats becomes almost unplayable.