[Buzz]

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Is this a good bet?

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No.

The situation you are describing is not the same as a regular Omaha-8 ring game.

Some of the regular Texas hold 'em players will think any two spades are good here. Some will think QJXY, J8XY, or even 87XY are good hands after this flop. And bad as all those hands are after this flop, they're better than your hand after this flop.

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Is there any good reason to bet here?

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Sure. You could possibly win the pot by betting.

But that's not likely given your description of your opponents.

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It looks to me like checking would be better.

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Yes. If nobody bets and you catch a miracle non-spade queen, you can bet on the next round. More likely somebody will bet this round and then you should fold. (This does not seem a good spot to bluff).

Just my opinion.

Buzz