Re: What to do here and why?
I don't think it's that clear cut. Hero has to win a 3-way all-in here to get 3rd, the BB is obviously calling. The problem is if Hero folds then the Button wins somewhere between 60-65% of the time against BB's random two, and Hero is left on dead row, having to either pray the current button does something stupid in his BB, he gets a hand in the next two, or his own BB hand holds up somehow. What the chances of that are I don't know, but probably somewhere around 20%, but even then a double up and he still doesn't cover the blind that's looming.
I really don't know the answer here, it's a crappy situation.
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