Re: equity necessary?
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Raising to protect your hand is good enough reason alone isn't it?
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Yes. With 5 players in this hand, hero probably has only a very little equity edge (if any). However, there are a ton of potential outs that hero can buy to increase his equity - any A,K,Q, anyone with a middle spade, and gutshots.
A raise faces two opponents with 2 bets. Hero can't risk trying for a c/r on the turn so he needs to be raising the flop.
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