Raising a gutshot for a free card?

[Fryguy]

No specifical read on the opponent yet, just recently sat down. I call preflop because of the dead money in the pot, and I'm in position.

My thinking by raising for a freecard is that I'm paying 2 small bets to see 2 cards instead of 1.5 big bets to see 2 cards.

Party Poker 0.50/1 Hold'em (10 handed) converter

Preflop: Hero is Button with K[img]/images/graemlins/spade.gif[/img], T[img]/images/graemlins/heart.gif[/img]. MP3 posts a blind of $0.50. CO posts a blind of $0.50.
UTG calls, <font color="#666666">2 folds</font>, MP1 calls, <font color="#CC3333">MP2 raises</font>, <font color="#666666">2 folds</font>, Hero calls, <font color="#666666">1 fold</font>, BB calls, UTG calls, MP1 calls.

Flop: (12.50 SB) J[img]/images/graemlins/spade.gif[/img], 8[img]/images/graemlins/diamond.gif[/img], A[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(5 players)</font>
BB checks, <font color="#CC3333">UTG bets</font>, MP1 folds, MP2 folds, <font color="#CC3333">Hero raises</font>, BB folds, UTG calls.

Turn: (8.25 BB) 8[img]/images/graemlins/club.gif[/img] <font color="#0000FF">(2 players)</font>
UTG checks, Hero checks.

River: (8.25 BB) 8[img]/images/graemlins/heart.gif[/img] <font color="#0000FF">(2 players)</font>
<font color="#CC3333">UTG bets</font>, Hero folds.

Final Pot: 9.25 BB