Stars Sunday Million: 60BB with AQs in SB facing UTG+2 raise and 2 callers. 3bet or flat?

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Stars Sunday Million: 60BB with AQs in SB facing UTG+2 raise and 2 callers. 3bet or flat?

CO: 22782
BN: 8860
SB: 9660 (Hero)
BB: 10300
UTG: 9024
UTG1: 6029
UTG2: 8387
LJ: 14284
HJ: 9025
Preflop (240) (9 Players)
Hero was dealt A Q
UTG folds, UTG1 folds, UTG2 raises to 332, LJ folds, HJ calls 332, CO calls 332, BN folds

Villains in this situation were: 12/11, 32/17, 29/18 and BB was 13/6

Currently in a debate with someone whether this is a 3bet or flat because UTG+2 is a 12/11.  If we flat in the SB, BB likely will come in as well putting us OOP to 4 players.

Their arguments were: 

1) we'll likely get reraised or flatted (maybe multiple times) and have to play a larger pot OOP

2) there's no antes so the open raiser likely is narrower than his range suggests

3) flatting will shower a larger profit

My arguments were:

1) first raise in poker means nothing

2) UTG+2 will fold over 50% of his range

3) i don't want to play OOP to 3+ and be guessing if i'm ahead or behind

In the era of re-entry, I can't conceive how this would ever be considered a flat where as in a normal freezeout and smaller buy-in (i.e. more exploitable fields) perhaps flatting might be better.  HU i may flat as well but never against 3+.


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