[A_C_Slater]

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I bet out the flop straight out.. why go for the CR 3 handed in a 6sb pot?

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Because CO is going to bet no matter what when checked too? If he has a K he's going to raise your bet. If he doesn't have a King he's not going to raise. More often than not he won't have AK or KQ. So in the long run you make more by check/raising than by betting out because if he has no King he will just fold the flop. But if you check/raise you will win at least 1 SB and almost certainly two after his flop (it's just one more SB auto call.) You will also make more when he has QJ, KT,99,88 JJ,etc. Basically you end up making more from a wider range of hands than you lose when he has KQ,AK,AA,KK.