I downloaded a bunch of games with the starting position after 3...Nf6 and played through them quickly.
It looks like the main line runs 4.Bb5+ Bd7 5.Bxd7+ Qxd7 6.c4 e6.
Sax - Vyskocil, Balatonlelle (?) 2006, seems fairly representative of this line. Also Wheeler - Emms, Nottingham 2005, and Yudasin - Christiansen, Minneapolis 2005. As in most gambits, it appears Black is striving for rapid development, active pieces, and open lines. There are endless ways of trying to achieve this. I think I prefer the idea of castling short ...0-0, although ...0-0-0 seems to be not unheard of.
White almost always initiates the capture ...dxe6, and I would recapture ...fxe6 opening the f-file. However, it also looks possible for Black to recapture ...Qxe6. Looks like one variation is (after 6...e6) 7.dxe6 Qxe6 8.Qe2 Nc6 9.Qxe6+ fxe6 and now White has to worry a little about the threat of ...Nb4 or ...Nd4.
Sometimes White plays f5 and captures fxe6. Both sides then have an open f-file.
If White does not initiate the capture of Black's e-pawn, I think Black should try to finish developing and then open lines with ...exd5.
Pirisi - Nagy, Budapest 2006, shows White giving back the pawn with 6.Nc3. After 6...Nxd5 7.Nxd5 Qxd5 8.Qf3 Qd7 my guess is the game is close to equal. The moves in this game look logical, but somehow both sides seem to end up with pretty odd positions.
Rodriguez - Dominguez, Morelia 2006, is an altogether different way to handle it as Black.
Sveshnikov - Yakovich, Sochi 2006, demonstrates a 4...Nbd7 variation.
My approach would be to try to follow the main line with 4...Bd7, castle short, and then try to open the game with central pawn breaks, put my Rooks on open files (probably f- and e-files) and point my other pieces in the general direction of White's king. Looks like fun if you can find someone who will play it as White.
That's my extremely amateur interpretation of it based on about 30 minutes research. Hopefully more experienced players will chime in and correct any mistakes I've made.
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