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He is hoping you will think he is weak and raise him. A common play I make is to raise weak bets when I can represent a straight, flush, or boat. I have run into this many times. I raise his crappy bet and get reraised. Then I get pissed off because I got out played.

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I have been known to do this to draw out a "kill the stupid fish" bet. Now that I think about it a min-bet/fold-any may be a nice cheap way to buy a fishy table image.