Open 99 UTG, c-bet big multiway on A-Q-7, then check river on paired 2 with a bluff-catcher.
Three-way on A-Q-7 rainbow, we hold a small but solid pair and our UTG range has a clear advantage. Multiway, we want to lean on a medium to large c-bet to pressure underpairs, Qx, and A-high without a strong kicker; 2.2bb into 8.4bb is on the small side and leaves us with a big pot and deep stacks behind.
Note: C-bet sizing is too small multiway; prefer a medium to large bet to pressure underpairs and A-high without a strong kicker.
Turn 2d adds a diamond draw and slightly reduces our range advantage; BB’s call on the flop is fairly strong. Theory here prefers a mix of checking and overbetting, with medium bets like 6bb being a bit too middling—either really pressure the draws or slow down and check.
Note: SB folds, but BB’s flop call is strong; turn strategy prefers checking or overbetting, with medium bets like 6bb being a bit too middling.
River pairs the 2, SPR ≈3.9; 99 is now a bluff-catcher and our range is slightly ahead, but we don’t block missed diamonds and our hand is too thin to value-bet. Checking back is the best way to realize our showdown value and avoid getting raised off our equity.