Party, $2/$4 No Limit Hold'em Cash, 5 Players
Poker Tools Powered By Holdem Manager - The Ultimate Poker Software Suite.

SB: $198.64 (49.7 bb)
BB: $406 (101.5 bb)
MP: $406 (101.5 bb)
CO: $408.60 (102.2 bb)
Hero (BTN): $406 (101.5 bb)

Preflop: Hero is BTN with 9c 9s
2 folds, Hero raises to $8, SB calls $6, BB raises to $34, Hero calls $26, SB folds

Flop: ($76) 7s 2c 8h (2 players)
BB bets $40, Hero calls $40

Turn: ($156) 5c (2 players)
BB checks

Villain is a 24/18 winning reg with a 10% squeeze, 5% turn XR. SB is a fish.

This is a super common spot that I feel I'm misplaying quite often. On one hand I feel I should bet for protection, value, and the fact that I'm unlikely to get checkraised by villain. On the other hand, the value is quite thin since I don't think villain is check/calling a worse hand in this squeezed pot and since my hand is equivilant to a hand like 66 in this spot (where I would be checking through) then why bet here?