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To me, in this spot, I dump 33 just about every time, particularly with both players in the blinds having M>12.
I like that people are reasoning about this, it helps me understand something that I'm doing by intuition without much thought. I never thought about how this is virtually the same as raising with low garbage - you're looking to take it preflop because on nearly any flop you will have scare cards to face agaist a preflop caller. It really is just a steal attempt at this point.
The only way I do not dump it preflop is if all of the players left to act have been extremely weak tight against EP raises, in which case I do pump in about 2000-2400 and hope to god for folds. It's a sucky hand to have on almost any flop that someone called your preflop bet with, especially oop.
What do you do if you are reraised from LP? You are pretty much forced to gamble with it, hoping you are facing a coinflip rather than another pocket pair.
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