Re: Is folding correct here?
Many people load up their fists with enough chips to pay off the national debt... then just call. I guess they think they're being clever (they'll also be the ones constantly yelling "all in!" in a limit game).
I'd certainly never fold with correct odds to call two. Besides, even if he's the type who always raises when he grabs a hunk of chips like that, you still have odds to call three.
I agree that Hero should just bet the river if they connect, because they've pretty much turned their hand face up.
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