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Just as a devil's advocate, if you know the guy as very tight, its not too terrible of a fold, mostly because of the situation; you fold, you will have 4600 in chips and still be a clear chipleader, and be able to abuse the other midstacks and get your chips back. You lose the race: you and and BB will be tied up, with CO close behind and SB sorta in the mix. Being aware of table dynamics can be an added variable besides pot odds that could help with decisions. Not saying this was a bad call by any means though.
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