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If the ace of spades falls on the turn are we happy or sad? The spade gives us a ton of new outs to make our flush by the river and eliminates the most likely candidate for a bigger flush. On the other hand, it makes a full house a possibility. Does the good outweight the bad here?

If someone gets trip aces, that's clearly good for us, unless he already has the boat or gets it on the river.

The nightmare scenario is probably the ace of spades on the turn, then the 7 of spades on the river, completing our doomed flush.

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I was thinking about the Ace too, but dismissed the idea prematurely. I think we need to devaluate our outs a little bit more on the flop... Maybe the LAG/Station reads neutralizes this though?