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I don't think this play is worth it in general considering the times you get raised out. Against half decent players, they'll either have a hand and raise you so you have bad odds to call, or develop a read on your play and raise you regardless of their cards. Against these players, I think betting like you actually have a hand is better so you gain fold equity and disguise your draw. You will get min-raised many times by someone (stupidly) slow playing, and get odds to call and be paid off huge if you do hit. Or else you get people to fold more often since they put you on a made hand or don't feel it's worth it to test you with a marginal hand.
I could see a tiny bet being profitable in building a pot for a smaller flush or a str8 or maybe a badly played set to pay off your flush for more, or if you somehow know someone calls a small bet that would otherwise bet too much if you check. In other words, it might make more EV vs. call stations, but IMO it's generally not worth it.
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