Re: the 2nd nuts, first for low then for high.
It wouldn't make much sense for the CO to raise with just A2, since no other A2 will fold but he will knock out other potential callers. Of course, I wouldn't rule it out entirely. In any case, I don't know about you, but when I have just A2 for low and no high, an ace hits the board on the turn (making a flush possible), and it goes bet/raise in front of me, I probably wouldn't call. I have been counterfeited, and there could be more betting behind me. I share a few choice words with the screen as I hit the fold button.
Given that the BB called 2 bets on the flop and then bet the turn, I would say the odds that he has the nut flush are higher than usual, but you still have a good chance, and you could end up earning half the pot with a raise on the turn.
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