Bad laydown, was I priced in?

[Pocket77s]

1 table tournament. 4 handed. blinds are $2/$4 dollars. 2 two places paid.

Hero is UTG with 8 /images/graemlins/diamond.gif7 /images/graemlins/heart.gif Hero raises to $12 total, the button (who likes to see flops) thinks for awhile and calls the raise. SB moves all in for his last $23 dollars in chips. BB folds. Pot size $54. What should Hero do?

What is the correct play? Hero has a stack of about $45 post raise. the Button has about $30 left to call the all in bet. the SB was short and getting desparte.

Another question. This is my weekly home game. My friends know that I like to start playing very loose and aggressive as the game gets short handed. So when I raise with something like 5 /images/graemlins/spade.gif6 /images/graemlins/spade.gif from UTG and we are four or five handed, they know that I could be raising with alomst anything and they are more likley call my raises. I don't want to get blinded off by waiting for premium hands but I also want them to keep guessing what I have. Usually if they connect with the flop they will not let me push them around and it's hard to represent a good hand when they know I get loose when short handed. Any comments? Advice? How should I play in this spot?

[bluefeet]

I understand this hand eludes to a more general question, but we need some more info from you regardless.

Buyin: ______
1st pays: ______
2nd pays: ______

Blinds: $2/$4 ...blinds going up in ____ hands/min, to _____

Stacks before posting:

hero-UTG ($57)
Button ($42)
SB ($25)
BB ($__)


Your reads are good, but filling in the blanks would be necessary to address this particular hand...in doing so, better demonstraing perhaps the answer to your more general question.

[Pocket77s]

Buyin: $20 w/ rebuy period expired
1st pays: $120
2d pays: $60

Blinds $2/$4, going up in 15 minutes to $3/$6

Hero $57
Button $42
SB $25
BB $36

Hope this helps!

Dump it. You have plenty of time to get a better hand to make a stand with. Just because SB is desperate doesn't mean he didn't catch a hand. And you are behind to many possible holdings.

[Pocket77s]

My friend told me it was a [censored] laydown because I was getting at least 5 to 1. What do you think?

[tigerite]

I think you were a tit for raising it in the first place.

[bluefeet]

All three of these guys are at/near 10bb's (and you not far ahead). Push/fold time. 3x'ing into a known calling station (with position no less) is not a winning proposition. SB pushing over top here might have saved you some money. With button piling on behind, you don't have enough showdown strength 3-way IMO, despite/given the odds.