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the backdoor draw gets much of its usefulness from the fact that you will sometimes be able to fold the turn if you don't pick up a flush draw.

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I kind of forgot about that, but I'm not going to go through the bucket of math to figure out exactly what the difference is. If the pot was just 1SB bigger this would be a really easy raise, since your rate of return would be bigger with better odds and show more net to compensate for failures. Since you're drawing kind of slim (and due to the BDFD thing), however, maybe it's just a peel after all.