[drzen]

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With two opponents, leading out the flop with a semibluff bet seems correct. Capping preflop has its advantages as you face the cutoff again with two bets to call cold.

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He's already called two cold. I wouldn't count on his folding for two more now he's "pot committed".

I don't think you'd be semibluffing if you bet out here. You're mostly ahead.

I don't like checkraising though. A bet and a raise back to me is tough but it can easily happen if CO bets out with a pair (4s say, or 8s, either a str8 draw + pair or overpair) and BTN raises with his AcKd or better. Am I threebetting that? If I do and they both call, what am I doing on the turn? What if it's then capped? Am I definitely beaten? Can I checkfold the turn? I can't donk it, can I? I don't like betting out much either. No one is folding to a single bet. The best I can hope for is that CO raises and button gives up.