Re: 20/180 Play along. Pair and flush draw on flop facing lots of acti
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Any time someone folds, you gain equity. For example, in a 3-way pot in limit hold'em you might raise with the 2nd best hand to knock out the player with the third best hand. It cost you one extra BB to knock him out, but you pick up more equity in the pot.
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This doesn't apply as much to no-limit as it does to limit because of the nature of the betting.
As for the current hand, it definitely doesn't apply since you have enough equity you make more by getting it all in vs. multiple opponents than you do by knocking 1 out. In your 88 and AJ example, knocking out 88 increases your equity from 48% to 53%, but you get a pot that roughly 2/3 the size, and 0.48*3x > 0.53*2x.
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