[hockey1]

Seems like a perfect example of why you don't call decent-sized raises with Axs in NL. IMO this is an easy fold preflop. And, unless the stack sizes are small, and or UTG is much more "maniacal" than "playful" (betting into 3 callers of his 5x BB preflop raise) this is a pretty easy fold on the flop too. You're making it more complicated than it needs to be.

One question: do others think the fact that there are a number of callers changes the preflop decision here? Stated more generally, how does the number of callers affect your decision to call raises with drawing hands in no limit (versus limit)?