Here's my thinking.
The 100 bet from Cappy on the flop to a pot of 200 could mean absolutely anything. The call from Marlow is more helpful.
Based on the preflop action I'm pretty comfortable ruling out big pocket pairs QQ-AA. JJ remains a slight possibility based on the preflop action.
Further, neither of their bets make sense for an overpair as they have failed to protect their hand if they have JJ-QQ. Of course they could be total fish, but I'd expect a bit more action to this point with an overpair.
Cappys bet says to me it's either a token stab at the pot or he's got a small part of it and wants information. Marlow's call says to me he either has a marginal holding ie. mid pocket pair or a flush draw or overcards (JK etc).
So I'm not worried about Marlow. If he's on the flush draw then I currently have him beat as he can't have a better current hand. He may have better diamonds than me but I've got two of his outs.
Cappy is more of a concern but I'm prepared to risk the set or better kicker.
So what do I do? First think I thought when I saw the flop was, there's a bear trap waiting to spring on me.
I really don't like the call. If I'm ahead it gives someone the chance to overtake me. And more to the point I'm probably going to lose more chips on the turn or river (if they bet big I'll lay it down but another 200 or so is going to be very tempting). I can see the merit of calling to look for a diamond, but it just seems too passive for me and I only played the hand because I would have position. I've got position, I'm probably ahead, so I'm going to make the other guys make a mistake. Most importantly I do think I have a lot of fold equity here. I didn't think I was going to get a call, I agree with Jason about the way to play this things by inducing calls from fish, but I reckon this is a tough one. I do think KTo+ is calling me. No way they're laying down at this level but surely Tx would have protected their hand on the flop.
And of course I have a bunch of outs if I am behind (anywhere between 9 and 14 depending).
That's half the story.
If they fold I pick up a nice pot which will enable me to fold my way to the 100/200 blind level with safety (monsters aside), by then I'll have the image of a rock and a decent read on the table. I'll also have blasted allin in memorable fashion early enough that if I pick up KK, AA in the next orbit I'm more likely to get a call.
If they call (and I really wasn't expecting 2 calls) then I either win and double up (which is making it very likely I will cash) or I lose in which case I have only lost 2 minutes on this SnG and can start another. Assuming I'm a winning player then I can just get on with the next game and begin recouping my losses.
Finally I really hate losing more than a handful of chips in the first half hour of a sit and go. If I play a hand it should be because I am trying to win a monster. Calling the flop and bleeding a few more chips on the later streets really doesn't sit with my strategy. If the hand isn't good enough because of the strength of my hole cards then I should have folded preflop (incidentally this is the opposite of my MTT strategy

).
So there we have it. And the result......
I was absolutely, completely, totally, wrong about everything...
Cappy had
and Marlow had
And of course I hit

on the river to prove what a fish I am
