Re: Was it dumb of me to gamble on this draw?
Well, we're really only talking about the flop here, as I think everyone agrees that the turn is an easy call.
You have 8 flush outs against a set, but that goes down to only 6 if CO has 2 flush cards. That's not entirely a bad thing if you know CO is in the hand because it gives you better implied odds (which increase with position, which you don't have on the relevant player) if there's going to be sufficient stack-depth to take advantage of that fact.
Anyhow, you have 8 outs (throwing in 2 queens--I'm assuming CO also has one) with 41 "unknown" cards on that theory, and you don't block any boating outs with any pair. That case puts it at about 4:1 for you on the flop call.
I think that's most likely what we're looking at here.
I would probably have raised (pot) when the action got to me on the flop the first time, though. Critical on draws like this imo is creating fold equity. I'd raise KK the same way there, and there's no reason why BB of all people should have that hand. Given the subsequent action, I figure that actually is what he has, but you don't know that when the action first gets to you.
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