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Forgot to mention - another reason to sometimes smooth call this flop is to take advantage of a TAgg player in a short-handed game. Especially heads up play. Let's say they raise with what you figure is definitely an ace hand - AK, AQ, or AJ. Flop is A2x giving them top pair and you bottom set. Now if you come out betting, they're definitely raising once, and then you can fire in a re-raise. But a good TAgg player will smell that re-raise for the trouble it is and let the hand go. However, a smooth call gets you in almost no trouble. You're giving them a free card, but if they make two pair it doesn't bug you, and if they trip up the aces you just made a boat. They're undoubtedly going to put you on a weaker ace or a draw and keep betting on the turn, at which point you can put in a raise (not a huge one - you want them to keep playing). Then bet whatever they'll call on the river, or maybe slam down a huge bet and hope they think it's a last minute bluff on a failed draw.
This approach works brilliantly under the right conditions. Imagine a heads-up hand where they have aces, decent kicker, and you're smooth-calling on a possible flush draw board, but actually have a set and not the draw. You can smooth call to the river, then fire in a huge bet on the river if the flush card doesn't land (which it won't 2/3 of the time), and they're very likely to read it for a bluff and call, maybe even raise you. Against smart, aggro players, this can be good for a lot of chips.
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