Another "do you gamble" spot

[pooh74]

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The problem here is that small medium pairs lose value multiway. I fold.

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i have the same vague intuition, but i can't really put my finger on what it means. can you elaborate?

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I dont think the above is correct...I mean, it is correct, but not as stated. All hands lose value multiway...the more players in, the less value any one hand has.

I am not sure however if a hand's intrinsic value (against 1 random hand) is lower, it loses even more value multiway?

IOW, if x hand is 60% against a random 2 cards lets say it loses y value with 2 others in the pot.

Then does a hand that is 50% aginst any random 2 lose y+n value? Meaning does it even lose more? Or is it a constant?

Im sure this is easy to figure out, but I don't think small medium pairs have something special that makes them any worse in this regard.