Cap for value?

[grapabo]

I assume that capping for value is something out of SSHE because that's the one primary book I haven't read yet. I'm just trying to get a read on how it's used. Maybe this isn't one of those times, but I want some opinions on what you would do in this situation. Some at the table have been loose but no maniacs:

Full Tilt Poker
Limit Holdem Ring game
Limit: $0.50/$1
8 players
Converter

Stack sizes:
UTG: $13
UTG+1: $30
Hero: $33.25
MP2: $7.50
CO: $20.50
Button: $17
SB: $22
BB: $10

Pre-flop: (8 players) Hero is MP1 with A[img]/images/graemlins/diamond.gif[/img] A[img]/images/graemlins/club.gif[/img]
UTG calls, UTG+1 folds, <font color="#cc3333">Hero raises</font>, <font color="#cc3333">MP2 3-bets</font>, 2 folds, SB calls, BB calls, UTG calls, Hero calls....

That's right - calls. With three other callers to the raise by the player behind me, I was doubtful that my reraise would do anything other than flood the pot and create good drawing odds.

If it were heads-up or three-way, I would have capped. But should I have reraised here, with the possibility of five to a flop and improved drawing odds?

By the way, although the table is loose, it normally wasn't this loose.