Preflop: I squeeze for several reasons.
The player UTG raises wide from this position.
Player on the BU can call with a wide range knowing this, and he's flat called before (as loose as 63s and A3o in the blinds).
They both have a very high fold to 3bet% and I look strong here.
In the unlikely event that they do not fold, their call 3bet% is still higher than their 4bet%. This means that if we go postflop, I'm playing an unlikely holding that can flop well deceptively. In the rare event that I do make a straight, there are plenty of AQ / some AJ / the occasional AK in the average 3bet calling range that might stack off with the pair.
Flop:
Best case scenario. I flop trips.
I don't want to lead out against two players after squeezing because I may scare some 99/TT and I want to encourage AK / AQ to bet. If villains hold strong broadways it doesn't hurt to give them the opportunity to pair up either.
I check/call flop, representing 99-AA basically. I don't expect them to EVER have a 3, or to ever suspect that I have one, and I don't expect them to have 55 often at all (MAYBE BU). I don't need to raise to get it all-in easily on turns and rivers, and I want to encourage JJ/QQ to keep valuebetting.
Turn:
Very dynamic card. Anyone with 99-KK etc. has to be scared now. If I lead out on the turn I think I'll fold out these hands a lot, but if I shove a blank river (or even a broadway or something) they might level themselves into a call thinking I'm bluffing / getting stupid with QK on a K river etc.
Turn checks through.
River:
If I shove, I expect to get calls from AJ/AQ/AK always. Weaker aces maybe since I called turn. I expect to sometimes get calls from QQ/KK thinking I'm valuebetting a J or bluffing after the turn check through. JJ/AA are all I'm worried about, and AA would shove over the squeeze preflop a lot of the time.
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