Re: uh-oh
In this spot I don't think 3rd guy matters, except to help you narrow down the range of the SB in this case. If SB is observant, he can definitely see the same factors that we see in the MP player... ie he hates his hand--specifically either A-K, but more likely K-Q.
The fact of the matter is that we, hero that is, hasn't faced any pressure over the course of the hand. MP never folding isn't our concern here. We have him beat--the question is is the SB making a squeeze play here against us b/c he knows that MP wants to fold, but is hoping we don't know MP wants to fold! Thus squeezing us out and getting MP to fold as well? Another thought here is that he could be squeezing us out with what he thinks is the 2nd best hand, but one he is sure beats MP?
Coupled with the relative strength of our hand... I see no way you could fold here. Based on our range, the MP's possible range, and the SB's range... I think a call is in order and a high percentage of the time we are going to get shown Q-Jc.
However, I don't think that we will see this hand as often as everyone is thinking we will see it here. I don't see congruently over the course of the entire hand, how a player supposed as good as the SB would of played this hand so passively? If he is tight-aggressive, why isn't he check-raising the flop in a 3 way pot? Or possibly, why not check-raise the turn for value when he turns the godzilla draw?
In conclusion, I think you are going to see air or a strong 2nd best hand here often enough that you can't possibly fold here.
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