[Buzz]

Hi Beernutz - Nice picture.

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even though the top set may in fact be the one now on a draw.

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Hero is indeed on a draw, and only playing for half the pot.

Hero does not have favorable odds to initiate fresh money into the pot. Hero's only getting a one-to-one pay off on fresh money.

But even though two different straights are already possible, Hero would greatly increase his chances to win half the pot by knocking out an opponent.

Thus Hero's raise wouldn't be a value bet. Hero's raise would purely be an attempt to intimidate an opponent.

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What do you do if for example you raise, UTG 3 bets, and SB caps?

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You call the double bet. You have favorable odds to call the double bet.

If the betting gets capped behind you, the raise will have been a failure, but if hero just called in the first place, Hero would have been facing a double bet anyway. (Indeed it's more likely there will be a double raise behind Hero if Hero just calls).

If Hero raised and the betting was capped behind him, Hero would be getting something in the neighborhood of seven to one half-pot odds to call the cap. Since the odds against the board pairing on the river, from Hero's vantage point, are about four to one (against), Hero would clearly have favorable odds to call the double re-raise - and that's not even figuring Hero's implied half-pot odds.

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What do you do if for example you raise, UTG 3 bets, and SB caps? Call 2 here or [yuk], fold?

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You'd call. Because of the size of the pot, you'd have favorable odds to call. (way, way, way more favorable than you'd need).

Buzz