Small edges as a short stack
Scenario: You just sat down at a .05/.1 6-player NLH table with $5. Third or fourth hand in you're on the button w/ A
8 [image: http://pokerforums.fulltiltpoker.com/images/smiles/icon_diamond.png], two players limp as do you, SB completes, BB makes it 0.10 more, everyone calls.
Flop: 3 [image: http://pokerforums.fulltiltpoker.com/images/smiles/icon_diamond.png] 4 [image: http://pokerforums.fulltiltpoker.com/images/smiles/icon_diamond.png] 2 [image: http://pokerforums.fulltiltpoker.com/images/smiles/icon_spade.png] BB ($10 behind) leads for $1, P1 ($6.50) calls, P2 folds... what is your most +EV play here? I believe folding is out of the question here, so your choices are to flat call or make a raise. If you raise, how much? If you call, what do you do when the turn is a blank?
The pot's at $3, I think raising all-in for $4.60 (putting the pot at $7.60 and $3.60 more to call) would be my play. If you're up against one pair that's not AA you're a slight favorite, a made straight (with 5-6) you're 1.7:1 underdog, and about a 2:1 dog against a set. I think in the smaller limits you'll see a lot more people playing the straight draws here (even with just the ace) and another playing some big cards which gives you good fold equity on the raise.
Any thoughts or comments would be appreciated.