What to do? What to do?
I think this would be a fairly interesting hand to discuss no matter who the villain in the story was, but the fact that it was my friend adds an extra layer of intrigue to it. It's not that we play all that differently against each other. We're both pretty competitive and not shy about taking the other's stack if the opportunity arises. If anything, you could likely surmise that neither of us were flat-out bluffing, as we're much less likely to run some kind of long con or aggressive power play against one another (especially once the third player in the hand dropped out). We don't play soft against each other, but we might play a tad more straight-forward.
So, with that information, do you call or fold?
These were my thoughts: No way he was doing this with a bare A-K or A-Q because (a) he almost certainly would have continuation-bet the flop with those hands and (b) he'd have to put me on a hand stronger than that (even though I only min-raised). What made sense to me was either he flopped a monster (A-A, J-J or A-J) and checked the flop wanting to see if either I or the third player wanted to get frisky, or that the turn drastically improved his hand either by making it (K-Q, 10-10) or by giving him a huge combo draw he was willing to shove with (Q♠-J♠ perhaps). The latter was the best-case scenario for me, although I wasn't sure it was likely and he would still have a nice range of outs on the river.
I folded my hand face up. "Look at how much respect I give you," I said.
The rest of the table immediately started harrassing me. "How can you fold that?! You had him! He was on a draw at best!"
I waited until we were both leaving the casino for the night and then demanded he fess up. He had K♣-Q♣ and turned a Broadway straight. I was surprised he didn't C-bet the royal-flush draw on the flop, but not surprised I folded the worse hand. As someone who thinks of individual poker hands as puzzles to be solved, making a tough but correct laydown always feels great, no matter whether you're folding to a stranger or a friend.