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I wouldn't really know where I stood or be able to get more money in if I did hit being out of position.

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These are arguments in favor of playing the flop very fast, not cautiously.

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There are definitely arguments for this. . . but I wouldn't play it fast in this case. I normally play big draws like this fast when I definitely have 15 clean outs and/or lots of fold equity. Definitely don't have that here. And like lapoker and AZK said, it's def not as strong as it looks.

Time to fold, well played