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This is a level right?
I don't play this high so maybe there are some advanced concepts that I do not know about that are going on.
First, I think you can fold your suited ace-rag preflop. I don't hate a call here though in position against an overaggressive player in a multiway pot.
On the flop, your villain bets out for about 1/2 pot. Fortunately for you, the bet is small and the call from the chipleader gives you somewhat decent odds to catch a card. If the chipleader folds, you could raise here on the flop with a semibluff and either take it down or get a free river. But, with the other call (and with the tight player still to act), just calling is fine.
So, up until now, you've played a little donkish, but not terribly bad.
The turn is where you totally blow it. Our aggressive player may be crazy preflop and he might take an aggressive stab at the pot on the flop, but he really isn't going to commit another $230 here without some kind of a hand. His range does include KK, JJ, 88, 55, AK, KQ, KJ. At this point, our villain is pretty much pot committed. He'd have to be a moron to bet $230 into a multiway pot without some kind of a hand. He has to AT LEAST have a K with a decent kicker and very well could have KJ.
So, you essentially put into play $640 (160 big blinds) with very little fold equity and either 9 outs or 12 outs if your ace is good. This puts you at about 20-25% equity in the hand.
What was your plan if you blanked the river and he checks to you again? Are you jamming there?
Anyway, I think you can very easily fold the turn. The dude just made a serious bet into a big pot and you're just holding a draw.
Ally
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