[pete fabrizio]

[ QUOTE ]
Just caught this thread. Its a fold. I'm surprised pete fabrizio says he doesn't believe that people will fold this. I see him in the omaha forums and regard him as one who knows what he's talking about. I'm interested to see his reasoning why its not a fold.

I ran into an exact same situation (more or less) live one time. A friend, who at the time was learning to be good, saw my hole cards. I folded. He was completely puzzled why I had folded.

Turns out the BB had hit the flush on the flop. Needless to say I saved myself some serious dough and my friend rarely doubts me again.

[/ QUOTE ]

Ok fine. You're getting 3-1 on your money, and you're easily above 50% against the bettors range right now. I'm not sure yet whether I prefer raising or calling, but I think either is better than folding:

You can call here, and if no one calls, the turn will define your hand pretty well. If it's a heart you'll be way behind his range, and if it's a blank you'll be way ahead of his range. If you get overcalls, a blank on the turn will give you a very strong hand in a big multiway pot -- and there's a good likelihood that a couple of your opponents have each others outs and/or dominate each other. If there is one raiser behind you and everyone folds, you can either call or fold depending on your feel. If there is more than one raise back to you, you can obviously fold.

If you raise, you'll be getting worse immediate odds, a little less than 1-1 on your money, but you'll clarify the situation better. If someone comes over the top of you from behind, you can usually just fold without sweating it. If you get cold callers, again the turn should define your hand pretty well. If only the original bettor calls, you should be comfortably ahead of his range on the turn when a blank comes, and you'll have a couple different ways to play it. And if he comes over the top of you, you should prob just fold -- if he's really the type who would bet like this to set up a very large 3-bet semi-bluff, I would probably opt for just calling in the first place.

Edit: After thinking about the hand enough to write this post, I think I agree with Iggy that calling is better, b/c raising really is an invitation for a 25-50 player (whether from behind or the original bettor) to 3-bet semi-bluff.