Spewing, or not too bad

[C-Dog]

CO is 36/8/1 over 1200 hands
Button is 58/1.5/1.3 over 330 hands

I cr'd the flop thinking I was probably still best and I could back off the pfr on the turn with a bet out. Then the damn button comes along. Is there any other way to play this? I gotta call the river right, or should I check/fold or bet/fold instead?

Party Poker 1/2 Hold'em (6 max, 6 handed) converter (http://www.selachian.com/tools/bisonconverter/hhconverter.cgi)

Preflop: Hero is SB with K/images/graemlins/diamond.gif, A/images/graemlins/club.gif.
<font color="#666666">2 folds</font>, <font color="#CC3333">CO raises</font>, Button calls, <font color="#CC3333">Hero 3-bets</font>, <font color="#666666">1 fold</font>, <font color="#CC3333">CO caps</font>, Button calls, Hero calls.

Flop: (13 SB) J/images/graemlins/club.gif, J/images/graemlins/heart.gif, 3/images/graemlins/diamond.gif <font color="#0000FF">(3 players)</font>
Hero checks, <font color="#CC3333">CO bets</font>, Button calls, <font color="#CC3333">Hero raises</font>, CO folds, Button calls.

Turn: (9 BB) 3/images/graemlins/club.gif <font color="#0000FF">(2 players)</font>
<font color="#CC3333">Hero bets</font>, Button calls.

River: (11 BB) 5/images/graemlins/heart.gif <font color="#0000FF">(2 players)</font>
Hero checks, <font color="#CC3333">Button bets</font>, Hero calls.

Final Pot: 13 BB

[evain]

I'm not sure I reraise pre flop. Good chance for trapping with an A or K on the flop.

[JoshuaD]

Preflop is fine, but I'm check-calling that flop.

Since you raised on the flop, the rest of the hand is fine. Button's got a 3, but I can't get myself to fold that river.

I don't think you're spewing if you think you had the best hand on the flop like you said. Your c/r dropped CO, so that's good. (What did he cap w/ and then fold to a c/r?) Button never raised in the hand, and his numbers suggest he'll play anything. You have to see a showdown, and I think you played it well, although you could be looking at a split. If you fold AK all the time shorthanded at party 1/2, you'll leave money out there.

[spydog]

When a person with an 8% PFR caps preflop in a non-resteal 3-way situation, then I would start narrowing down his hands to AQs+/AK/TT+. Based on this info, I would check-call the flop and check-fold the turn unimproved.

Not re-raising this PF would be criminal, BTW.