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If your assumptions are right this play might be good. The key stat though is UTG's stealing freq- if it's 8%, then you need to flat. If it's 15%, then you can go ahead and 3bet. That's another way of saying that it doesn't just matter if you get accurate info from the 3bet, it matters how often you get the information you are fishing for relative to the price you are laying yourself.
You also have to understand you put yourself at the mercy of various counterstrategies from UTG. If he is thinking enough to slowplay hands like QQ+ in order to keep the fish in, then all you have done is inflated the pot OOP against the range which you "should" have been calling against in the first place. So, you need to be thinking here of two things: UTG's steal freq, and then UTG's frequency of outplaying you by not 4betting nut hands, then you need to take the weighted probability of getting the outcome you described in OP and measure its EV relative to flatting. My guess (and this is a total guess, you know more about nits at .50/1 than I do) is that flatting is going to be better here.
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