Re-steal semibluff play... You like?

Party Poker No-Limit Hold'em, $ Hero (8 handed) FTR converter on zerodivide.cx

Hero ($24.63)
UTG ($24.25)
UTG+1 ($32.75)
MP1 ($25.50)
MP2 ($25.95)
CO ($12.60)
Button ($33.56)
SB ($22.28)

Preflop: Hero is BB with 8, 8. SB posts a blind of $0.10.
UTG calls $0.25, 1 fold, MP1 raises to $1, 2 folds, Button calls $1, 1 fold, Hero calls $0.75, UTG calls $0.75.

Flop: ($4.10) 4, Q, 7 (4 players)
Hero checks, UTG checks, MP1 checks, Button bets $2, [color=#CC3333]Hero raises to $5[/color

I would have raised a little more but I'd also like to see how op reacts.

Binderdundat

Works best if the button is abusing his button-betting privileges and seems weak/tight otherwise. However, what are you trying to represent? What is your general line if BN calls and

1) the turn is a blank
2) the turn is an overcard club?

The checkraise is pretty weak and gives a flush draw reasonable odds to call.

This sort of situation is something that I'm working on, so these are honest questions.

EDIT: there's a difference between the turn and the river.... silly me

I didn't raise to 3x because I wanted it to look like a bet for value (it sorta was one). I figured there was a reasonable chance I had the best hand, and that he was making a position play. Had he called it I probably would have dropped out of aggression mode, but as long as he made it fairly cheap for me I would have called this down to showdown (assuming my raise isolated him).