AK is crappy multi-way all-in hand...

[dave6]

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i think you are forgetting the overlay of blinds and antes. plus the %of time ur against no pair is definitely about 15-20%. the % against kk aa is about 5%. its a positive ev play and a good way to amass alot of chips

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Yes, this is the point that people above you were missing.

Example: You have 10,000 chips and get into a 3 way allin with two people that have you covered. None of the 3 allin players is in the blinds. Blinds are 1000/2000 ante 100.

There will be 10000+10000+10000+3900 = 33900 chips in the main pot. You contributed 10000 of them, so you only need 29.5% equity for this to be profitable. If you actually have 36% equity you have a significant edge, especially this far into a turbo.