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Seat Four pretty much has to be perfect in the hole to peel Fourth, right? That means the Eight is probably drawing rough because he didn't re-raise on Third, and there aren't that many Deuces left in the deck. He isn't going to call anything. Seat Four's hand went South and he isn't going to call anything.

Unless somebody makes a perfect draw with the free card, I don't even see how you can get another bet in later if you check, since your hand is obviously best here, and it would suck to let somebody backdoor a wheel or six perfect when the pot was yours for the taking.

I would just bet and take what's in the middle.

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Well seat 4 cold called a raise on 3rd so he's likely perfect in the hole, and was clearly priced in to peel 4th. Before you make a fancy check here tho, ask yourself "Why exactly do we want the opps to catch up?" The idea is that they should make a decent but 2nd best hand (an 8 or 9 in this case) and then call on 6th and 7th if we brick out on 6th. Problem is both of them showed a good hand on 3rd st (EP raise, cold call of our 2-bet) and if they catch good enough to call a bet on 6th then they most likely are getting correct pot odds to do so vs. your rough 7.

So like Steve says, take it down now, or let seat 6 chase you for two cards if he's got a perfect 8 draw and is so inclined. In this case, he has paired 8's and won't put in another dime.