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The odds you are looking for are set odds, and have to do with stack size-vs-cost to call. You are 7-to-1 to hit your set on the flop. Since he has the opportunity to beat you with a higher set, straight, etc, then you have to adjust the odds. You must also adjust the odds to match the likelihood that you will be able to stack him off when you hit your set. With all this, and the fact that you believe he has you beat preflop, I would say 13-to-1 or so. That is his leftover stack size must be 13x what the amount to call his raise is.
This is an extremely unstable estimate, but it shows a general guideline. Remember it is important to realize that you are playing for set value only, and must fold if you don't hit the flop.
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