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This is a basic situation that you need to get used to if you want to do well at sit-and-gos. There's a big stack, two medium stacks (including you), and a small stack. In this case, you should never be messing around with the big stack unless you have an absolute monster hand, so you should just fold this hand preflop. You have too much to lose. I might even fold AK here depending on whether I thought UTG would call if I went all-in.
Right now your equity in the tournament is 26 percent of the prize pool. The thing is, even if you win the sit-and-go your equity is only 50 percent, so taking a coinflip would be a horrible result for you right now. You lose all your equity if you lose the coinflip, but you don't double your equity if you win. In fact, if you double through the big stack, your equity only goes up to 36 percent of the prize pool. If you move all-in and UTG folds, your equity is now 29 percent of the prize pool.
I've found that in low buy-in tournaments, if someone raises and you come over the top of them, they hardly ever fold. So let's assume that you're a 60-40 favorite over UTG's hand, and that if you move all-in, he'll call 70 percent of the time. Then your equity if you move all-in is (.30)*(29%) + (.70)*(.60)*(36%) + (.70)*(.40)*(0%)= 23.8%, worse than it would have been if you'd simply folded. And I think these assumptions are pretty favorable to you, there's a good chance his hand is a coinflip against you or has you crushed. Getting involved here is not worth it, at all.
Once you hit the best flop you could hope for, check-raise all-in.
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