[Jake (The Snake)]

[ QUOTE ]
Now in order for that to have/be of VALUE, this figure (.8BB) must exceed the value of raising the flop.
If we estimate 40% equity for Hero on the flop, he only has to be called in two spots for the value of a flop raise to exceed the value of waiting for the turn.

[/ QUOTE ]

I didn't check your other numbers, but I'm preety sure this is off. First of all I think you confused BB with SB... and also I think you are forgetting that you dont have 100% equity in the bet that you are putting in. If we have 40% equity against two callers, Hero only gains (.4)(3) - 1 = .2 SB or .1 BB