Stud/8 donkament spewage

[Andy B]

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1: Is 3rd only questionable because of the ace still to act?

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Mostly.

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2: What kind of action do I actually want with this hand? Am I trying to get heads up against 1 opponent going low and hope he bricks?

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That would be fine. I would prefer to buy the antes with a hand like this.

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3: Is 4th still an obvious fold if seat 2 catches a 5 instead of a 7?

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It's closer but I think so.