[dave44]

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Change the 3 [img]/images/graemlins/diamond.gif[/img] to the 7 of non diamonds

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Even though the 3 gives me a gutshot?

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Well, it also gives any A a gutshot making it much less likely you'll get A high to fold.

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This is true, but I doubt Ace high is folding anyway on this board. Since CO knows you can't expect him to fold Ace high, he may be more likely to fold his strong king highs which should help make this bluff profitable.