If you 3 bet pre to 50, you'll be getting exactly 2-1 from the pot. Against a range of AA-JJ, AK-AQ you are a 2-1 dog.
Hand | Pot equity | Wins | Ties |
---|
AxQy | 33.07% | 169,669,740 | 190,606,620 |
AA-JJ, AK-AQ | 66.93% | 441,081,912 | 190,606,620 |
If the game was good enough I'd take a 0 EV spot and call it off, just to try to get a stack fast.
He's almost certainly opening wider than this, and if he flats most of the rest of his opening range (common in LLSNL), you can comfortably stack off on almost all A and Q high flops. You'll probably also be able to win sometimes with a c bet.
If you 3 bet to 50 and he flats the SPR on the flop will be 1. Villain doesn't have much positional advantage now because the SPR is too low. You're either putting him in on the flop or giving up.
A 3 bet to 50 sounds very good, imo. It negates most of our positional disadvantage in the hand. And it's a 3 for thin value + dead money from the limps and open.