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Pre-flop, you'd be correct. Post flop not so much. He could have hit a set on on the flop. If his pocket was suited, theres flushes, and always straight draws. Odds for those three get even better after the turn if your still sitting there on aces. There are times where throwing aces away is the correct move.
Loan-department manager: "There isn't any fine print. At these interest rates, we don't need it."