NL2: flopped set on very drawy board

[trontron]

villain was 35/11/0.6, but just 37 hands so far.

should i just call his (first) reraise or is my line fine? what about his second reraise?

PokerStars No-Limit Hold'em, $0.02 BB (9 handed) Hand History Converter Tool (http://poker-tools.flopturnriver.com/Hand-Converter.php) from FlopTurnRiver.com (http://www.flopturnriver.com) (Format: 2+2 Forums)

MP1 ($3.87)
Hero ($6.47)
MP3 ($0.86)
CO ($5.40)
Button ($4.86)
SB ($3.98)
BB ($2.68)
UTG ($2.98)
UTG+1 ($5)

Preflop: Hero is MP2 with 2/images/graemlins/club.gif, 2/images/graemlins/spade.gif. Hero posts a blind of $0.03.
UTG calls $0.02, UTG+1 calls $0.02, MP1 calls $0.02, Hero (poster) checks, MP3 calls $0.02, CO calls $0.02, <font color="#666666">2 folds</font>, BB checks.

Flop: ($0.16) 2/images/graemlins/heart.gif, 4/images/graemlins/heart.gif, 5/images/graemlins/diamond.gif <font color="#0000FF">(7 players)</font>
BB checks, UTG checks, UTG+1 checks, MP1 checks, <font color="#CC3333">Hero bets $0.15</font>, MP3 folds, CO folds, BB folds, UTG calls $0.15, <font color="#CC3333">UTG+1 raises to $0.46</font>, MP1 folds, <font color="#CC3333">Hero raises to $2</font>, UTG folds, <font color="#CC3333">UTG+1 raises to $4.98</font>, Hero calls $2.98.

[Pokey]

After he raises I just three-bet all-in. If he's got some miracle A3 then I'll beat him 1/3rd of the time at showdown. If he's got 55, congrats, but playing in fear of an overset is foolish with stacks this short. If he's on a draw, you murder him in the long run. If he folds, you win a healthy pot without contest.

[trontron]

thank you for the advice pokey!
but don't you think that a 3bet all-in is a little too much of an overbet? why is it better than a 2$ reraise? (i highly respect your posts, so i assume your right, but i'm here to learn as much as possible) :-)