I am a long time poker player trying to switch from tournaments to playing some $1/2 NL. I have a question about pot odds in multiway pots. My question arose in the following hand:
8 way limp pot. I have Tc7s and call. About $16 in the pot.
Flop: 7c9cJc
One player bets $15, I call, another player after me calls, and everyone else folds.
Pot is now about $60. Turn: 7d
Raiser bets $40. My question is at this point, what should I do? More specifically, if I put the raiser on a made flush, my other opponent on a high flush draw, and give myself only the outs to a boat or quad 7's, my equity is 23%. Calculating pot odds as usual, I need 40/100 or 40% to call. However, I know from playing at this type of table before if I call the 3rd player will probably call. If I assume this, I could figure pot odds of 40/140, or 28%. I know if I hit the boat or quads I will get paid out a bit by the made flush, which gives me implied odds to make the 28% vs 23% call, but not a 40% vs 23% call. How should I calculate the decision and what is the best way to play this type of hand?