Hypothetical protect hand question: raise, cold call or fold?

[Nick Royale]

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What strong hand did you have that you need to protect? It seems plain to me that you have a drawing hand, and your goal should be to continue as cheaply as possible if the pot odds are there. One of your opponents with a made hand needs to worry about protecting their hand from the likes of you.

[/ QUOTE ]
The raise is rather a way of buying outs and getting a freecard. And our equity isn't that bad, if we're having 8.5 outs the chance that we'll improve to the best hand by the river is almost 2:1.