AA in mutliway pot theory

[Xhad]

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A multiway pot is not likely to consist solely of top pairs. Chances are you're playing against some suited connectors and smaller cards and complete trash

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FYP

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However the real loss in value comes because only one of those hands will bet after the flop (unless one has a straight draw and another has a flush draw, or maybe someone flops a set). So the pot collects five preflop bets, but only 2 post-flop bets. When AA wins, it will often collect no post-flop bets. When it loses, it will often lose to someone with nuts who can raise all the way, and bluff as well.

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-AA is allowed to flop a set/full house
-If people are making five-handed pots in the first place they are calling all the way down with top pair and maybe even second pair (and you should be value betting in this situation)
-Frequently you will encounter situations where someone hits something better than you and you outdraw them, like beating two pair with "hidden outs" or making a one-card flush