Sorry guys I might go on another ramble here but...
If he folds AK after facing a 3bet from CO, does he even have a 4bet range at all?
It will not take more than 3 hours for half-decent players to realize that his fold to 3bet after UTG open is close to 100%, and start 3betting him with any two low suited-connected cards profitably. I know this is 5NL and it likely won't happen now, but let him move up and see how big of a leak this becomes.
OP, the fact is that you're in a crappy situation when 3bet with AK in UTG by the CO. All the options seem pathetic at this point, so my advice would be to pick the one that sucks the least.
After you're 3bet:
Folding: I don't think you should be folding AK against a single 3bet ffs.
Calling: Don't. You're never getting back more than half pot cbet after you pair up. That is if at all you pair up with the flop.
Raising: Seems like the only option left.
So you 4bet and he raises small.
I'm usually not the guy to advocate 4bet folding strong hands. But the fact is that after getting 5bet, AK is no longer a "strong hand". The relative hand strength has nosedived. AK is a good hand to 4bet because we block both AA and KK, but 4betting here is just a semi bluff, not pure value.
Gameplay-wise and taking into account his 5bet size, if you
4bet-fold > 28% to a 5bet, it is profitable for the villain. Let's say you 4bet with just AA, KK and AK. 12 combos of AA and KK combined and 16 of AK.
So 57% of the time we have AK when we 4bet-fold and the rest 42% we have AA and KK that we 4bet-ship.
This is the only way I see that villain cannot make money off off us. So you 4bet your AK roughly half the time and fold the AK to the 3bet the other half of the time.
Last edited by astrobeaver; 03-23-2017 at 10:13 PM.