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yes and no. is your opponent going to be willing to get it all in with two overs and no draw? if yes, then yes in an instant. over and over again. any opponent who will put his/her stack in with just an overcard draw is an opponent we want to play.
in practice, this will rarely be the case. if you do get a lot of action on a low flop you will probably be able to throw out a lot of the hands that you have a huge advantage over (JQs that did not even hit a backdoor flush draw comes to mind) and it will most likely be some sort of combo draw, set, overpair/slight underpair, or TP type of hand. there will still be some air in there thinking you have missed overs but not as often as if you include any 2 broadways in the pokerstove calcs.
if you limit your opp to AQo+, any 2 broadways with a flush draw, and all pairs, then your equity drops dramatically, though you are still ahead.
if you take out the lowest non-set pairs, you are pretty well even money, though slightly behind, and probably not getting called by the weaker pairs and AQo as much.
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