Value bet ?

[TheKentock]

Grunch

A read on Button would help a ton, since he cold-called preflop and I want to know his range.

Ok, so a complete lack of initiative on UTG's part tells me he has a flush draw that missed, or some overs that didn't connect, or both. So I'm not too worried about him. The question is, is button unsure of his kicker to his queen, or was his a purely positional bet with no pair or a low pair?

I would lean towards being afraid of his kicker, simply because there aren't that many people who cold-call preflop that position bet into 3 opponents. But I'd have to know more about his tendencies before committing to a line. For now I'll say that a check/call is best here, since I loathe getting raised by a tricky button on the river.