Help settle this debate!

[The Prince]

Hi all,

here's a situation a player I know got himself into and I completely disagree with his play. Tell me what you would do. Always wanting to improve my skills I'd like to know if I'm really wrong or right.

You are 3 hours into a 500$ limit Hold'em tournament. Each player started with 500 in chips. After getting all rags you're down to your last 125. I don't know what the limits were but I'm guessing the blinds were 25-50. You're on the button and 5 players limp in front of you. You look down and see 7s2s.

What do you do?

[Kurn, son of Mogh]

How many spots are paid, and how many are left in the tournament?

[The Prince]

I frankly do not know, but you are not near the money.

[sam h]

Fold. Sure the five-way action looks nice, but 72s is a monster dog here. Plus, even if you make your draw you won't have any chips left to realize its full value.

This is a situation where you should be looking to openraise, get heads up with the BB, and double through.

[BB King's]

... but - I never play 72s. No limping. No open-raising.

[Copernicus]

Its close, and I would probably make a stand here. 72s against 5 limpers and 2 blinds is about a 7.5/1 dog and you are only getting 6.5/1 if the small blind doesnt complete, 7/1 if he does, so you are definitely on the short end.

On the other hand you are a blind away from being out, with a chance to build a real stack in one hand. You have to gamble, why not do it when it has a real payoff. Go all in. Winnowing out the other draw hands is worthile. If you can get it down to 4 contenders you are only about a 4/1 dog. Even if you get more callers, youre probably done if you lose anyway, so maximize the return on this shot.

[Kurn, son of Mogh]

5 limpers + the blinds, if I call I'm getting 7-1 on the call and I still have my blinds left if I fold on the flop. I think if this were even 76s I'd raise and make my stand here, but 72s, I'd probably just fold. I've got 2 orbits before I'm blinded away. Mathmatically, I'm probably wrong, but it would be a hard call to make.

[Justaloser]

I would fold. If I've gotten rags for three hours, I'm to the point where I believe that the cards are about to run me over. I'll wait for them instead of a hand that won't dominate any of the callers.

[Ignatius]

What debate? Automatic fold, if there ever was one. Why is this even a question?

[fnurt]

On the button at a full table I'd fold this because a better situation is likely to come along in the next few hands.