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I remember reading some where that set vs. set on the flop is pretty much neutral EV as the number of times some one has a higher set is equal to the number of times you have higher set. Is this true?
It depends on the stack sizes and preflop play. If you routinely call 10% or more of your stack preflop to flop a set, and/or routinely call large raises with small pairs OOP (especially heads up), then you probably pay too much the times you don't flop a set to compensate for your big wins with set vs pair/low-set and your big losses with set vs straight/flush/higher-set.
Also, it is possible in deep stack games to fold a set. It is also possible in deep stack no limit to fold low pairs in EP, as recommended by Ciaffone and Rueben's book, in order to avoid this problem OOP.
So, if you play well, it is possible to minimize your loses with the small sets and therefore have better thant neutral EV vs the times you have high sets.