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I might be wrong, but it would make sense to play it the way he did in a ring game. But in a tournament odds aren't as important, you want to accumulate chips on the hands you have, not on the long-term odds.
I would think like this if I were him: If I lay a small raise out there, I can get called by all sort of garbage (small pocket pairs for example). I don't want that. If I put a 4 or 5x raise out there I will get calls from higher ranked cards. If there aren't any, I take it here and don't lose.
You are in a better position in my opinion. If you miss the flop, you throw that garbage away. If he misses, he's probably still got an overpair, then what does he do? He would lose with that becuase you tripled on a rag, but now you are so short stacked that he can't do anything but call your raise.
It just seems like too much of a gamble for no benefit to put a small raise like that in pre-flop.
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