Re: preflop
I think it matters a bit whether the 3-bettor is OTB or SB. As you said there is a little more dead money in the pot when he is OTB, however you will more often be able to get position postflop when he is SB.
How much eq exactly does J8s have? Did you consider that if CO has a 35-40% range and if he caps TT, AJs, AQo, KQs then it will get capped 1 in 8 or 7. (Capping range is about 5% of total hands).
So Hero's odds are gonna be ~ 0.13*9:3 + 0.87*7:2 ~ 3.4:1. (Ok that had a smaller effect on our odds than I expected for some reason.)
This is an interesting topic. As you move up you get yourself into a whole lot of these spots and never calling anything is a clear mistake in my games. I wouldnt be surprised if calling J8s or 65s is +EV
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