Semi-slowplay with underfull

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I think if you call two cold with a flush draw, and hit it on the next card without your opponents improving, then raising is mandatory. If you don't think the flush is good, then you certainly shouldn't call two cold on fifth with a draw.

Given that the player with the queen up stood a raise on fourth and then bet out fifth when hero improves, I think he does have the queens. The action on sixth and seventh indicates either queens up or three fours. I think then that there is a decent chance that the flush draw will fold for two big bets. I like the call here

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I'd just like to note that the fours are dead; the flush draw player has a four and so did the bring-in.

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You're right. Sorry. In that case, I'm pretty confident that he has a queen in the hole - just possible a higher pair as well. Not many will stand the fourth street raise with nothing, and then bet into a raiser who has improved with only a pair of dead fours. If the flush player realises this, and you then raise again having improved, then he should be thinking that you may have the boat. I wouldn't call in that spot with the draw, and I don't think I'd be a winning 10/20 player.

[Bartholow]

I see what you're saying, and it's good reasoning. The problem is that it involves all 3 players giving the other 2 players credit, in some sense. Guy with flush draw has to be sure that Hero is sure that the third guy has 2 pair, meaning a raise represents better than queens up. And even then hero could have AA or KK down (though it's unlikely given the earlier action, it IS another place to be uncertain). So for that reasoning to change Hero's action, Hero has to feel strongly enough that flush draw guy would make the complicated read and not botch anything. In average games, this doesn't happen.

Regardless, I think we agree that Hero calling on 5th is the right play.