5nl extracting value/pf theory (2 hands)
 

Before you read the hand, a couple of notes. First, i have found that over a 30K hand sample, the majority of my pocket pairs are my worst hands in bb/hand. Recently i have changed my strategy with them, instead of raising pf, i just limp and set or dump, and have had better results.

However, my question. The reason i think that preflop raising is poor at low limits with pocket pairs, is that if you isolate, the implied value drops greatly. In this situation i felt that with a reraise, if i flop a hand, then i can get decent value from it, because the other players that have put down 4 cents are unlikely to fold to an additional 3 bb.

Theory, aside, how did i play this hand what to do on the river?

PokerStars No-Limit Hold'em, $0.02 BB (7 handed) Hand History Converter Tool from FlopTurnRiver.com (Format: FlopTurnRiver)

MP2 ($3.45)
Hero ($4.90)
Button ($3.01)
SB ($1.92)
BB ($3.83)
UTG ($4.40)
MP1 ($2)

Preflop: Hero is CO with 5http://www.flopturnriver.com/phpBB2/...miles/club.gif, 5http://www.flopturnriver.com/phpBB2/...es/diamond.gif. MP1 posts a blind of $0.02.
[color=#666666]1 fold</font>, MP1 (poster) checks, [color=#666666]1 fold</font>, Hero|CO calls $0.02, [color=#CC3333]Button raises to $0.04</font>, [color=#666666]1 fold</font>, BB calls $0.02, MP1 calls $0.02, [color=#CC3333]Hero|CO raises to $0.12</font>, Button calls $0.06, BB calls $0.06, MP1 folds.

Flop: ($0.35) 6http://www.flopturnriver.com/phpBB2/...iles/heart.gif, 5http://www.flopturnriver.com/phpBB2/...iles/heart.gif, 6http://www.flopturnriver.com/phpBB2/...miles/club.gif [color=#0000FF](3 players)</font>
BB checks, Hero|CO checks, Button checks.

Turn: ($0.35) Qhttp://www.flopturnriver.com/phpBB2/...es/diamond.gif [color=#0000FF](3 players)</font>
[color=#CC3333]BB bets $0.04</font>, [color=#CC3333]Hero|CO raises to $0.12</font>, Button calls $0.08, [color=#CC3333]BB raises to $0.6</font>, Hero|CO calls $0.44, Button calls $0.44.

River: ($1.91) Qhttp://www.flopturnriver.com/phpBB2/...iles/heart.gif [color=#0000FF](3 players)</font>
[color=#CC3333]BB bets $0.06</font>, Hero|CO calls $0.06, Button calls $0.06.

Final Pot: $2.09

That hand happened roughly 5 min ago, and while i was typing it almost an EXACT same scenario unfolded, and i could use some help here as well.

PokerStars No-Limit Hold'em, $0.02 BB (9 handed) Hand History Converter Tool from FlopTurnRiver.com (Format: FlopTurnRiver)

MP1 ($0.68)
MP2 ($3.12)
MP3 ($1)
CO ($2.70)
Button ($0.96)
SB ($4.98)
BB ($0.95)
Hero ($4.98)
UTG+1 ($2.85)

Preflop: Hero is UTG with 4http://www.flopturnriver.com/phpBB2/...iles/spade.gif, 4http://www.flopturnriver.com/phpBB2/...iles/heart.gif. MP3 posts a blind of $0.02.
Hero|UTGA calls $0.02, [color=#666666]2 folds</font>, MP2 calls $0.02, MP3 (poster) checks, [color=#666666]3 folds</font>, BB checks.

Flop: ($0.07) 6http://www.flopturnriver.com/phpBB2/...iles/heart.gif, 6http://www.flopturnriver.com/phpBB2/...iles/spade.gif, 4http://www.flopturnriver.com/phpBB2/...es/diamond.gif [color=#0000FF](4 players)</font>
BB checks, Hero|UTGA checks, MP2 checks, [color=#CC3333]MP3 bets $0.04</font>, BB folds, Hero|UTGA calls $0.04, MP2 calls $0.04.

Turn: ($0.19) Jhttp://www.flopturnriver.com/phpBB2/...es/diamond.gif [color=#0000FF](3 players)</font>
Hero|UTGA checks, MP2 checks, [color=#CC3333]MP3 bets $0.04</font>, [color=#CC3333]Hero|UTGA raises to $0.12</font>, MP2 calls $0.08, MP3 folds.

River: ($0.39) 2http://www.flopturnriver.com/phpBB2/...miles/club.gif [color=#0000FF](2 players)</font>

Final Pot: $0.39

Anyway, help on getting your pocket pairs max value, and on extracting value, would be really helpful.