Feral Cow Poker
PokerStars Pot Limit Badugi ($2.00+$0.20) t40/t80 - 7 players

Button: t2,540
SB: t3,970 (Hero)
BB: t3,830
UTG: t1,940
UTG+1: t2,400
HJ: t950
CO: t1,430

Dealing Hands: (t120) (7 players)
4 folds, Button calls t80, Hero calls t40, BB checks

First Draw: (t240) (3 players)
Hero discards 2, BB discards 2, Button discards 2,
||
Hero checks, BB checks, Button bets t80, Hero calls t80, BB folds

Second Draw: (t400) (2 players)
Hero discards 1, Button discards 1,
||
Hero checks, Button bets t80, Hero raises to t240, Button calls t160

Third Draw: (t880) (2 players)
Hero stands, Button discards 1,

Hero bets t240, Button folds

Hero collected t880

(This is a loose/passive donkament so I'm really trying to get max value for my hands. I don't care that my tiny raise gives my hand away cause these guys don't handread and they don't know pot odds.)

How does this hand look?

I've played a decent amount of FL, next to zero PL.

Looks fine, most likely your opponent had a strong 3 card and whiffed on the last draw, not much more you can do. Overall you can go a lot crazier with 8s and 7s than you would in fixed limit, especially in the $2 tournament.

Yes and no, IMO.

Yes, in the sense people will definitely put way too much money in drawing to rough hands, or good hands, when they should just fold.

No, in the sense that when you lose, you lose big, and it makes you swing a lot.

As a general rule of thumb I usually don't bet more than half the pot size, except in cases where is pre, I have a huge draw in position, or I already have a made hand, or someone is extremely short and a little more would just put them all in. Also, I will raise more than half the pot if someone is betting into me. I think you should have raised to 300 on the turn here. If he's drawing hes going to call because $2 PLB players are idiots, and you get more in the pot when he misses. If you bet the river you can bet smaller (say, 400, something you were going to bet anyways, but it looks too enticing to call for him, and it gives him "great" odds), or if you don't like betting you can check behind knowing you got him to put in extra on the turn.

You definitely can make a lot more out of your hands in position, but you have to play extra cautious out of position.