Ducky, pull out equilab and give the two players in the pot ranges of hands.
I'm going to start here by giving your loose CO an actual decent range for CO opening. I'll give your BTN a decent BTN raising range (minus absolute best) that he butchered by cold calling.
Equity Win Tie
CO 30.92% 30.08% 0.84% { 22+, A2s+, K5s+, Q9s+, J8s+, T8s+, 97s+, 87s, 76s, A5o+, K9o+, QTo+ }
BU 25.29% 24.44% 0.84% { JJ-22, AJs-A2s, K2s+, Q5s+, J7s+, T8s+, 97s+, 86s+, 75s+, 65s, AQo-A2o, K9o+, Q9o+, J9o+, T8o+, 98o }
SB 43.79% 43.42% 0.38% { 99 }
If my assumptions are correct (you should revise based on in-game knowledge), it would be a crime to do anything but 3 bet. If the BB cold calls the 3 bet with a random hand, you have 35% equity 4 ways -- this is a common fear, but it isn't terrible for you. Remember, I gave the CO a range close to what a good mid-stakes player might play. Thus, even if he's good you can just 3 bet this hand. What if he's a nit?
Equity Win Tie
CO 36.53% 35.70% 0.83% { 55+, A7s+, K9s+, QTs+, J9s+, T9s, 98s, A9o+, KQo }
BU 23.55% 22.81% 0.74% { JJ-22, AJs-A2s, K2s+, Q5s+, J7s+, T8s+, 97s+, 86s+, 75s+, 65s, AQo-A2o, K9o+, Q9o+, J9o+, T8o+, 98o }
SB 39.92% 39.47% 0.45% { 99 }
40% 3 ways is plenty of edge to play out of position.
Now, I'll take the tight range to the flop
Board: Q
8
2
Equity Win Tie
CO 39.30% 38.73% 0.57% { 55+, A7s+, K9s+, QTs+, J9s+, T9s, 98s, A9o+, KQo }
BU 23.47% 23.05% 0.42% { JJ-22, AJs-A2s, K2s+, Q5s+, J7s+, T8s+, 97s+, 86s+, 75s+, 65s, AQo-A2o, K9o+, Q9o+, J9o+, T8o+, 98o }
SB 37.23% 36.86% 0.37% { 9s9c }
and turn
Board: Q
8
2
A
Equity Win Tie
CO 54.02% 53.07% 0.95% { 55+, A7s+, K9s+, QTs+, J9s+, T9s, 98s, A9o+, KQo }
BU 32.85% 32.00% 0.84% { JJ-22, AJs-A2s, K2s+, Q5s+, J7s+, T8s+, 97s+, 86s+, 75s+, 65s, AQo-A2o, K9o+, Q9o+, J9o+, T8o+, 98o }
SB 13.13% 12.97% 0.17% { 9s9c }
Put in your own ranges to modify this. Learn anything?
Quote:
Against this range (and a loose cold-caller). I would usually just call preflop; partially because I think being in the SB is such a handicap postflop. But I'm sure a lot of good players here would 3-bet there, and I can't really argue against it.
Not re-raising preflop would be bad, that's why good players do it. Given 43% equity 3 ways, cold calling both loses value and partitions your range.