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At a loose table, Raise with them OOP. Loose players are going to call Raises just as often as they call Limps, and the Raise will build the pot for you when you hit your set. For every player that folds, you get twice as much money from every player who calls, you limit the "donk" factor as much as possible and if the button tries to steal you can check-raise him.
In a Limped in multi-way pot, No Set no Bet is a good rule of thumb, but if you Raise with them OOP and get HU, C-Betting is non-negotiable unless the opponent is short stacked or the board is textured. You have a made hand, your opponent most likely didn't hit the flop, and even if he did, he most likely didn't hit a part of the flop he wanted to, so take advantage of the math and try to take the pot down right then and there. If the opponent floats you and a brick hits, Double Barrel for the same reasons you Double Barrel with AK on a missed flop, the range of hands that can actually call you here are extremely low.
Personally, I think you always want to Raise with PP, because you give yourself a chance to win the pot right then and there, or if the table folds to the blinds, you give yourself a chance to gain position. You cover up your hand, you give your hand credence for a C-Bet and a Double Barrel, and when you do hit your set it's easier to extract their chips. Even if you only hit fourth street or fifth street with your aggressiveness, you're still giving yourself another 2% chance of hitting your set for each street and taking them off Ace high or the draw.
If you raise and your opponent re-raises you, you can fold and no one will blame you, but calling here is also a good idea, because if you hit your set, you are stacking them. If you're bold, or you think your opponent's are skittish, you can even push and try to either steal the re-raise, coin flip against AK, get them to fold a better PP or get 4/1. Only one of those situations is really bad for you, albeit really, really bad for you.
If you're in the blinds against the button with PP, raise or re-raise them, chances are their hand is garbage and no one expects to be re-raised by deuces. This has become my standard line for PP and 21 against the button, and in shallow stack poker I'll even start doing it in position instead of bleeding chips by hunting for sets or re-raising/crying calling with Ace little after the flop.
Don't be afraid to check-raise with PP either, PP have a lot more value in them than set hunting. Even if you do limp with PP, don't be afraid to push it all in after some one raises behind you, it will either scare the shit out of people or stack them more often than it will stack you. The math is always in your favor with PP both pre and post flop, so be a bully and take them to school.
Edit: "Stop and Go" is also a standard option.
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