Re: I am still confused about this hand...
I understand that you didn't want to finish 4th, but you are 4th in chips. And if you call the preflop raise and fold to the flop bet when you miss, then 2/3 of the time, you're losing 25% of your chips.
Your reasoning stands up better if there's a short stack with about half as many chips as you. But, when you're the shortest stack, you're usually best off assuming you're going to have to get some chips to not be the next man out. And AK all in preflop is a good way to get some.
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