When the value of your set comes into question

[egocidal]

This hand that just happened caused me to ask myself "Am I overplaying my pocket pairs in order to get sets, and am I overplaying the sets themselves" ? I really am not sure of my play here.

Full Tilt Poker
Limit Holdem Ring game
Limit: $1/$2
9 players
Converter


Pre-flop: (9 players) Hero is Button with 4[img]/images/graemlins/heart.gif[/img] 4[img]/images/graemlins/diamond.gif[/img]
2 folds, MP1 raises, 3 folds, Hero calls, SB folds, BB calls.

Alright, cold calling with pocket 4s in late position. My reads on all these players are zilch, except for the fact that I assume they are the typical donks that frequent most limits. I really need PT or HUD....

Flop: 4[img]/images/graemlins/spade.gif[/img] 2[img]/images/graemlins/club.gif[/img] 8[img]/images/graemlins/heart.gif[/img] (6.5SB, 3 players)
BB bets, MP1 calls, Hero raises, BB calls, MP1 folds.

Standard.

Turn: Q[img]/images/graemlins/club.gif[/img] (5.75BB, 2 players)
BB checks, Hero bets, BB raises, Hero 3-bets, BB Caps, Hero calls.

Yeesh. I guess I should be happy for the raise here, but the cap kinda put me off. I mean, he called the raise in the BB PF, didn't 3 bet, so QQ isn't really possible. I mean, I have to call anyway, so here tha river be...

River: 5[img]/images/graemlins/spade.gif[/img] (13.75BB, 2 players)
BB bets, Hero calls.

As I pressed the call button I wondered two things: A) Did I just miss out on 1, possibly 2 extra bets, and B) the exact opposite, did I overplay my set and somehow minimize my loss at the end by simply calling down.

Results:
Final pot: 15.75BB