50NL TPTK 3-bet pot, how to extract
 

Villain is 33/16, don't think I've seen a 3-bet out of him yet. I'm wondering how I can extract without turning my hand into a bluff. His bets look scared like he has an underpair to the board. Not sure when I should start raising.

PokerStars No-Limit Hold'em, $0.50 BB (4 handed) Poker Stars Converter Tool from FlopTurnRiver.com (Format: 2+2 Forums)

Hero ($101.50)
Button ($58.55)
SB ($57.70)
BB ($73.85)

Preflop: Hero is UTG with A[img]/images/graemlins/diamond.gif[/img], K[img]/images/graemlins/club.gif[/img].
<font color="#CC3333">Hero raises to $2</font>, <font color="#666666">2 folds</font>, <font color="#CC3333">BB raises to $5.5</font>, Hero calls $3.50.

Flop: ($11.25) 3[img]/images/graemlins/club.gif[/img], 2[img]/images/graemlins/diamond.gif[/img], K[img]/images/graemlins/spade.gif[/img] <font color="#0000FF">(2 players)</font>
<font color="#CC3333">BB bets $4</font>, Hero calls $4.

Turn: ($19.25) 2[img]/images/graemlins/club.gif[/img] <font color="#0000FF">(2 players)</font>
<font color="#CC3333">BB bets $5</font>, Hero?

Re: 50NL TPTK 3-bet pot, how to extract
 

This looks a lot like 99 - QQ. He might be calling a minraise on the flop or turn, but will probably shut down afterwards. I think calling the turn and minraising the river is fine, if he checks the river I would half-pot. If we raise turn, we're only getting called by a flush draw, and not extracting any more on the river.

I'm not that confident in this line however, anybody see any problems with this?

Re: 50NL TPTK 3-bet pot, how to extract
 

Once you raise he's most likely folding all the underpairs. Probably call and bet like 12$ once he checks the river to you.