Re: Equity question
It's more complicated than this. You have to look at how your hand will play on future streets and how your opponent will play each of his possible holdings on future streets.
For example, bottom pair might have the same equity as an OESD on a certain board vs. a certain opponent. You should be much more likely to continue with the straight draw, as it will be much easier to play on later streets.
Also consider two made up hands:
1) Has 50% equity vs. opponent's range regardless of flop
2) Has 100% equity on 50% of the flops and 0% equity on the other 50% of the flops
Both hands have 50% equity against your opponent's range. However, 1 should generally be folded to a small preflop raise; with hand 2 you should call or reraise.
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