whoa... I don't think I can even comment about the comments on this thread (not you OP... just some of the responses).
When considering the percentage a hand would be ahead preflop, you're never going to be calculating it vs. a full table, your goal in most cases (esp. with big prs... and many other hands.... most actually to keep it simple here) is to see the flop vs just one other player... two at the most (or of course not seeing a flop at all, lol... or isolating a fish while you have position on them, etc. etc. etc.). Sooo.... it's really inaccurate to calculate the worth of AA as only being a 31% favourite to win. If I was to reflect on my hand histories from tournament play, I'm guessing that I'm winning with AA at least 90% of the time I'm playing them (in other words... when I have them).
To those who'd suggest that we're always considering seeing all 5cards, that AA is just a pair, etc. etc. etc.,... imo.. this is really donkazz thinking, 'old school' (and donk old school at that), insinuating playing them somewhat passively. Or to the person saying that they'd just call with them???? (huh??... you mean just call another's raise?.. or limp??. both are generally real bad again 'imo' (of course there are some situations that'll be different but just speaking from a general, overall scenario).
AA an awesome hand... give it to me all day long. I'm raising and re-raising with AA and putting you to a decision, and more than likely taking it down.
There's also the saying "AA, they'll win you a small pot or lose you a big one". This can be true sometimes.... but generally in tournament play, AA is gonna crush for ya. Gimmee AA all day long.
For those who think AA isn't all that, I ask you "what hand would you prefer to be dealt? Is it because you fear you won't be able to let go of it? what is it??" (I'm curious)
I played a live tournament the other day (live donkament) and was shocked to see how poorly an older person played their AA in early levels of the tourney. It was a fairly deepstacked tourney with decent structure, starting out with 200bb's. There was an EP limp, MP called... then folded to the button where this player with AA shoved allin for nearly 200bb's. I was totally shocked and couldn't for the life of me think of what hand they'd be holding there, LOL. They proudly flipped over their AA, saying "I ain't gonna mess around with AA... no way. I'm not going to lose with it this early in the tournament!" Geez... what a waste. They pulled in the big 70chips.