Re: Raising small pairs on the button for set value. (theory)
Going all the way to the river, or just the flop? I.e. if you don't hit your set on the flop, do you fold?
With a pocket pair, you've got a 12% chance of hitting your set on the flop, so to raise for value you need enough people in the pot with you that you're putting in less than 12% of the money...so, 8 callers.
You've got about a 19% chance of hitting your set if you're willing to run all the way to the river, so you only need 4 callers, then, but that's assuming that everyone let's you have free cards on the flop and turn. If you're not willing to assume that, then you need to include the cost of those bets in your calculations.
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