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September 28th, 2009 | 
Author: You have 4-4 in the fourth position, and the player in the second position (two seats to the left of the big blind) makes it two bets to go. You're playing my theory—"three-bet with small pairs"—before the flop, so you make it three bets. No one else calls, and the flop is Q-10-3. The player in the second position then bets out into you and you raise him, thus "representing" a queen (or perhaps K-K or A-A) but also gaining information.
If your opponent reraises you, then either you're already beaten (this is more likely) or your opponent has a straight draw, and it's time for a decision. If you feel you have him beat at this point, then you may want to reraise him. Or you might decide that your opponent has you beaten and fold your hand on the flop. You might decide simply to call his reraise on the flop and defer a decision to call or fold when you see what drops on fourth street. I would call one more bet and make a decision on fourth street heavily weighted toward folding, but trust your instincts here.
If your opponent just calls your raise, then he may still have you beaten, with something like A-10 or Q-J. But if he doesn't have you beaten, then he most likely has some sort of straight draw like K-J, A-J, or A-K. Therefore, any 9, J, K, or A would be a terrible card for you on fourth street.
Let's look at the way this hand would be played on the flop if you had just called the two bets with your 4-4 before the flop. In this case, it's likely that at least one other player will have called the two bets before the flop. Suppose one of them was the big blind, since it costs him only one more bet. Now the big blind checks after the Q-10-3 flop, and the preflop raiser bets out. You have to use a bit more discretion here because you also have to worry about the big blind behind you.
I would probably just call the bet in this case and see what the big blind does. If the big blind were to fold, then I would make a decision about this hand later, on fourth street. (In this case, it's all about how you read your opponent on fourth street.) But if the big blind were to raise the bet on the flop, then I would just fold my hand right there. And if the big blind were to call the bet, then I would assunfce that he has some sort of straight draw, or maybe a mediocre piece of the flop with something like 10-8 or 3-A.
Suppose now that the button player and the big blind both call the two bets before the flop. So we have the second position making it two bets, you calling the two bets with 4-4 in the fourth position, and now the button and the big blind calling the two bets as well.
The flop comes down Q-10-3. Now the big blind checks and the original raiser bets out on the flop. What do you do? With three other opponents still in this hand and two over-cards on the board (Q-10), folding is the proper play. Moreover, the fact that the second-position original raiser has bet out into you, and there are two other people behind you yet to act, is a little bit scary in this scenario. You just have to give up and fold.
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(2,-2, through 6-6) on the Flop: Pump It or Dump It
In general, if there are four people in the pot when the flop comes down and you have a small pair, you need to flop a set in order to continue playing your hand. Of course, if you have 6-6, and the flop comes down 3-4-5, this too is a good flop, although certainly not as strong as flopping the set. When you have this kind of flop, you want to raise to protect your hand, because although there's a reasonable chance that you have the best hand at the moment, all you have at this point is a pair of sixes, a hand clearly vulnerable to overcards that could give someone else a higher pair. Of course, if you get callers and then make your straight (preferably with the deuce, because then you'll get a lot of action from anyone holding an ace), you'll want to continue raising—for the same reason you want to raise when you flop a set: you have the best hand and want to "pump it."
When the flop comes down J-Q-2 to your 6-6 with four players in the pot, then use some discretion and (in most cases) fold your hand: "dump it." The "pump it" tactic is used either to protect your hand, by raising to eliminate your opponents on the flop, or to get more money into the pot when you have a strong flop. "Dump it" is used to save bets, by using your best discretion to fold your hand on the flop, thus losing no more bets.
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