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This is a pretty standard AK situation.
1. I think you guys are overestimating how many "better spots" you get in a normal SnG.
2. If you can include AJ in his 3-bet range, this is an easy shove over because we're ahead of his range:
equity win tie pots won pots tied
Hand 0: 50.466% 40.65% 09.81% 400954872 96780522.00 { AKo }
Hand 1: 49.534% 39.72% 09.81% 391771188 96780522.00 { TT+, AJs+, AQo+ }
3. Calling is terrible because we are OOP and going to miss the flop 2/3 of the time. We want to be all-in to see all 5 cards. If he has the hands we're slightly behind preflop, it allows him to play perfectly against us.
4. Think about how many hands this guy is playing. 43/29 is a huge amount. Granted, it is early and if we only have hands on him from this tournament, it's not a big sample. Still, even over a couple of orbits, 43/29 is big. It's hard to believe that he would raise 29% and only 3-bet 3% or something.
5. We probably don't have much fold equity, but we don't need very much to make this a profitable shove.
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