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Betting for Value and Protection with Middle Pair in a Multi-Way Pot

Here's a hand and situation from early in a World Poker Tour Main Event for you to consider — an interesting one that features kind of an unusual line from me.

Everyone is deep-stacked with 300 big blinds. I was dealt in middle position and raised 3x to 300, and both the button and big blind called.

The flop came , giving me middle pair and a gutshot draw. The big blind checked, and as I discuss in the video below I decided to bet both for value and (partially) for protection given how many bad cards could come for me on the turn.