[Joe Tall]

Ok, let's break this down for you:

AJo is not a stong enough hand where you are gaining preflop equity (overlay) in a 3-way pot by capping. You can run all the showdown-sims you want and quote them. You just aren't geting it w/AJo, it's been discussed here for years, the programs have been run, the calcualations made, it ain't happening.

Now a quiz about folding equity:

#1: Your opponent has a 3 outer in a 16BB pot, his action?

#2: Your opponent has a 3 outer in a 3BB pot, his action?

Which hand is he likely to fold?

(Hint: in hand #2, the pot is smaller)