[5NL] AKs OOP against UTG 4bet

Originally Posted by MadMojoMonkey

There is dead money in the pot.

You don't need 50% equity. There's over $2 dead in the pot on your decision.

You have
$7.07 - $0.55 = $6.52
behind

Villain has you covered, so f you jam and Villain calls, the pot will be
2*$7.07 + $0.02 = $14.16

So you'd be betting $6.52 to win a pot of $14.16
If you jam, AND IF Villain calls, you only need...
$6.52/$14.16 = 46%

So you will break even (ignoring rake) in the long run if you have 46% total equity. If you have 40% equity against Villain's calling range and a decent amount of fold equity, then you are making a +EV play.

What ranges do you put Villain on for a UTG open 5-handed, then the 4-bet range, then the call a 5-bet jam range?

Wut? When you bet or raise for value, you need >50% equity against villain's calling range, period. Dead money or not. With rake you really need about 53%.

Dead money matters when you decide if you want to call a bet or not, not the same scenario.