In your opinion,
How is the best way to handle a player at the table who raises 85% of the hands?
I was recently in an $1100.00 buy in MTT and the player 2 seats to my left constantly raised 5 to 6 times the BB.
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It certainly isn't at those stakes, but I have some experience with a player like that from a regular game I play in. My strategy has been to tighten my range so that I am only playing premium hands against him, and then be patient for my opportunities. I have found that he often either folds or makes bad decisions when somebody plays back at him.
Most of the time when I there has been a player like that in MTT events, the table as a whole eventually takes care of that issue. With 8-9 other players, someone is going to wake up with a legitimate hand fairly often and play back at him, and those to his left are in better shape to do so. So as nytider said, some initial patience and a tighter range made be in order. The issue becomes if he does go on a run and builds a big stack and lasts for awhile, then you may be in a position to loosen up again at least to your normal open range and be prepared to defend it to his aggression.
What does he do pre-flop when someone reraises him? How does he play post-flop? Does he continue to remain aggressive? C-bets the majority of the time?
The villain you describe has a target on his chest. pgearan is correct -- villain goes bust before long. When villain is in front of you, look for a hand to re-raise, isolate and be willing to commit. If he is behind you, min-raise and plan to 4 bet.