Flop gutshot straight flush.
 

Party Poker 2/4 Hold'em (7 handed) converter

Preflop: Hero is UTG with 8[img]/images/graemlins/spade.gif[/img], 8[img]/images/graemlins/club.gif[/img].
Hero calls, MP1 folds, <font color="#CC3333">MP2 raises</font>, CO folds, Button calls, SB folds, <font color="#CC3333">BB 3-bets</font>, Hero calls, MP2 calls, Button calls.

Flop: (12.50 SB) 5[img]/images/graemlins/spade.gif[/img], 7[img]/images/graemlins/spade.gif[/img], 9[img]/images/graemlins/spade.gif[/img] <font color="#0000FF">(4 players)</font>
BB checks, <font color="#CC3333">Hero bets</font>, <font color="#CC3333">MP2 raises</font>, Button folds, BB calls, Hero calls.

Turn: (9.25 BB) Q[img]/images/graemlins/spade.gif[/img] <font color="#0000FF">(3 players)</font>
BB checks, Hero checks, <font color="#CC3333">MP2 bets</font>, BB folds, Hero calls.

River: (11.25 BB) 5[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(2 players)</font>
Hero checks, <font color="#CC3333">MP2 bets</font>, Hero calls.

Final Pot: 13.25 BB

To be honest, I don't even know how to begin analyzing this.
A straight may not be good, if I make a flush it may not be good..... [img]/images/graemlins/confused.gif[/img] [img]/images/graemlins/confused.gif[/img] [img]/images/graemlins/mad.gif[/img] [img]/images/graemlins/mad.gif[/img] Implied odds with a 6 [img]/images/graemlins/spade.gif[/img] could be huge.

Re: Flop gutshot straight flush.
 

I seriously doubt that your flush is good here. MP2 raised pre-flop, which indicates some strength, then kept on raising after the flop. I would put him on either a high spade or spades. I sort of feel like you should have check/folded or folded to a raise on the flop--a straight probably won't be good in multiway like that, and you are shooting for a pretty low flush.

Re: Flop gutshot straight flush.
 

[ QUOTE ]
Implied odds with a 6 [img]/images/graemlins/spade.gif[/img] could be huge.

[/ QUOTE ]

Not with only one (maybe 2) opponents. A straight flush doesn't have that much more in implied odds than a nut flush. Especially with 4 to that str8 flush on the board; it could make an A[img]/images/graemlins/spade.gif[/img] slow down. I think you'd rather dodge spades than catch them.