NL10 88 overpair in position

[WantToLearn]

Once more, I need some advice, and all comments are very welcome! Thank you very much!

<u>Reads:</u> I know the villain for a short time only. He hasn´t done anything outstanding until now. It´s just enough to assume he is not a complete maniac or a gambler. He is playing 3 tables at a time.

PokerStars No-Limit Hold'em, $0.10 BB (8 handed) Hand History Converter Tool from FlopTurnRiver.com (Format: 2+2 Forums)

CO ($10)
Button ($24)
SB ($11.20)
BB ($9.90)
UTG ($5.10)
UTG+1 ($4)
MP1 ($11.15)
Hero ($10.90)

Preflop: Hero is MP2 with 8[img]/images/graemlins/heart.gif[/img], 8[img]/images/graemlins/diamond.gif[/img]. CO posts a blind of $0.10.
<font color="#666666">2 folds</font>, <font color="#CC3333">MP1 raises to $0.4</font>, Hero calls $0.40, <font color="#666666">2 folds</font>, <font color="#CC3333">SB raises to $0.8</font>, BB calls $0.70, MP1 calls $0.40, Hero calls $0.40.

Flop: ($3.30) 2[img]/images/graemlins/club.gif[/img], 7[img]/images/graemlins/club.gif[/img], 7[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(4 players)</font>
<font color="#CC3333">SB bets $2</font>, BB folds, MP1 folds, <font color="#CC3333">Hero ???</font>

All right. I played for set value when I made my initial preflop call and also when I called his preflop 3-bet.

Now I find myself with a tiny overpair in position, the pot is a lot bigger than I´d like it to be for that holding, but I might very well have the best hand anyway.

I really do ask myself, what does his smallish preflop 3-bet mean? Does it mean he has AA, KK and he thinks it´s a lock so he wants all the people in the hand? Or does he rather think like, "hey, my AK is very good, so it´s a 3-bet, but it is not yet a pair, so I make a small 3-bet"?

He must have some kind of strange reasoning, and the latter seems to be the more likely one.

<u>1. Does he have AK often enough, so I can continue, and how?

2. What is your preflop play with AK if you were the villain?</u>