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I think raising for information is a pretty bad idea when you're faced with a large overbet while holding a medium-strength hand. If you're right, he folds his hand, if you're wrong, you lose a bunch of money you didn't have to lose. If you call a large bet, you're indicating that you have some sort of a reasonable hand, and his reaction to that on the river should give you a sense of where you stand. There's no point in raising.
If you call, then he bets huge on the river, you get the same information for a cheaper price. I think calling is the best play, while raising is probably the worst. I'd actually rather fold than raise.
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