5/10, double gutshot and flush draw on flop, jam or wait?

[Jonny]

I usually play 10/20 but decided to play some 5/10 as I have been taking a beating. No real read on the villian, I think this is the first orbit.

Party Poker No-Limit Hold'em, $ BB (6 max, 5 handed) FTR converter on zerodivide.cx (http://www.zerodivide.cx/converter)

SB ($1604.35)
BB ($1010)
Hero ($1263.25)
MP ($506.50)
Button ($1730.25)

Preflop: Hero is UTG with 7/images/graemlins/diamond.gif, 6/images/graemlins/diamond.gif. SB posts a blind of $5.
Hero calls $10, <font color="#666666">1 fold</font>, Button calls $10, SB (poster) completes, BB checks.

Flop: ($40) T/images/graemlins/diamond.gif, 4/images/graemlins/club.gif, 8/images/graemlins/diamond.gif <font color="#0000FF">(4 players)</font>
SB checks, BB checks, <font color="#CC3333">Hero bets $35</font>, <font color="#CC3333">Button raises to $90</font>, SB folds, BB folds, Hero calls $55.

Turn: ($220) 3/images/graemlins/diamond.gif <font color="#0000FF">(2 players)</font>
Hero checks, <font color="#CC3333">Button bets $150</font>, <font color="#CC3333">Hero raises to $350</font>, Button calls $1480.25 (All-In), Hero calls $813.25 (All-In).

River: ($3013.50) 4/images/graemlins/spade.gif <font color="#0000FF">(2 players, 2 all-in)</font>

Final Pot: $3013.50

I could have re-raised the flop, but I feel the stack sizes were awkward, and I was OOP. Pushing on the flop I feel I would only get called by a hand that is crushing me (set), and nothing else. So, how do you play this one?

[psuasskicker]

I like calling the flop simply cause even though you have so many outs, a lot of them should be nicely hidden. Great chance to get paid off a ton of money if you catch a straight, and probably get paid a good bit with a flush (assuming you're best).

I don't wanna push AT or 98 T9 or something like that off their hand right here...especially if they have something like T9 where hitting you on the turn might also improve them.

- C -

[Jonny]

Ok, fair enough, now what about my turn play. I think the flop call is obvious given the double gutshot as well.

[AZK]

You think you are good on the turn given the action? I wouldn't feel great.

[Jonny]

so you would fold it? IMO this could be a set as well as a higher flush.