Max extraction: Villain c-bets after flopping high two-pair.

Full Tilt No-Limit Hold'em, $0.02 BB (9 handed) - Full-Tilt Converter Tool from FlopTurnRiver.com

UTG+1 ($0.34)
MP1 ($0.40)
Hero (MP2) ($2.60)
MP3 ($1.05)
CO ($1)
Button ($1)
SB ($2)
BB ($3)
UTG ($0.83)

Preflop: Hero is MP2 with 9http://www.flopturnriver.com/phpBB2/...miles/club.gif, Ahttp://www.flopturnriver.com/phpBB2/...es/diamond.gif
3 folds, Hero bets $0.08, 4 folds, BB calls $0.06

Flop: ($0.17) 7http://www.flopturnriver.com/phpBB2/...es/diamond.gif, Ahttp://www.flopturnriver.com/phpBB2/...miles/club.gif, 9http://www.flopturnriver.com/phpBB2/...iles/spade.gif (2 players)
BB bets $0.17, Hero...?
I want to know what the best way to get the most out of my opponent is.

Ugh I forgot to post his stats and now I can't find them. His stats weren't gonna be reliable anyways, because it was less than 10 hands.

*** Edit: HOW MUCH should I raise by?

raise/bet. he seems to like his hand very much

at micro stakes no need to get tricky. just value bet your made hands

Sorry I guess I should've specified. How much should I raise by?

He bet the pot so I'd respond in kind.

Just to straighten out some terminology. A c-bet is a continuation bet, we use the term for when the preflop raiser bets the flop or when the flop raiser bets the turn, etc.

This is a donk bet, when a player leads into the preflop raiser rather than checking and letting them bet. In this case it looks like a decent ace. If the stacks were smaller (and given the dry board) I'd even considering calling 2 streets and then raising the river, but with both of you over 100bbs to start the hand, i think a raise is definitely in order.

After his .17 and our .17 the pot is around .50 and we have 2.35 behind. If we bet another .30ish on top then we'll have a 1.10 pot after a call and 2.05 behind. It shouldn't be hard to get the rest in with a single bet on the turn and one on the river.

Keep in mind, if you raised and he folded here, he probably didn't even have an ace. It looks like a line someone would take with a med-strong hand, but it's not always that way.

I think this is a donkbet not a cbet
the board is pretty dry.
If he likes his hand so much to bet pot
then we rasie. He could have called us preflop
with Ax. I would raise his bet to build a bigger pot as well.

I think i'd be hitting the pot button and then deducting a few cents. In this case, pot is $0.68, so I might make it $0.60.

The definition of pot is: it leaves our opponent a bet which is half the pot, i.e. they're getting 2:1 on the pot.

In this spot, the board is dry, he's likely got a made hand (in which case few outs to improve e.g. AK has only 4 outs) and you don't mind giving him slightly better than 2:1. Betting $0.60 or slightly less sets up a 2/3 or 3/4 pot bet on the turn and you have no problem getting it all in on the river (I think more often than not I expect my opponent to call a flop raise and check/call 2 streets, so we have to be careful not to overbet any street).

My 2 cents. (Response of a noob trying to articulate himself)

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I just wanted to say, for those of us who don't play at sites where there's a pot button:

P: pot before flop betting
H: opponent bet size
Y: what you have to raise to make it pot

2*(Y-H) = P + H + Y
Y = 3*H + P

To make it pot you have to raise 3 times the amount your opponent bets + the size of the pot

(Sugarnut at GS talks about this(I think), but I forgot what he said exactly so I recalculated it).