$3 TT overpair calldown, very bad but what exactly?

[ledders07]

this is first lvl, do i raise flop? i'm guessing yes. As played, is the calldown ok?

PartyPoker Speed Tournament, Big Blind is t 40 (10 handed) Converter on pregopoker.com

UTG (t1840)
UTG+1 (t2000)
MP1 (t1000)
MP2 (t2000)
Hero (t2000)
CO+1 (t2000)
CO (t3280)
Button (t1940)
SB (t1800)
BB (t2140)

Preflop: Hero is in MP3 with T[img]/images/graemlins/heart.gif[/img] T[img]/images/graemlins/club.gif[/img]
UTG calls t40, <font color="gray">UTG+1 folds</font>, <font color="red">MP1 raises to t80</font>, <font color="gray">MP2 folds</font>, Hero calls t80, <font color="gray">CO+1 folds</font>, <font color="gray">CO folds</font>, <font color="gray">Button folds</font>, SB calls t60, BB calls t40, UTG calls t40

Flop: (t340) 8[img]/images/graemlins/club.gif[/img] 9[img]/images/graemlins/spade.gif[/img] 8[img]/images/graemlins/diamond.gif[/img] (5 players)
SB checks, <font color="red">BB bets t40</font>, <font color="gray">UTG folds</font>, MP1 calls t40, Hero calls t40, <font color="gray">SB folds</font>

Turn: (t460) 4[img]/images/graemlins/diamond.gif[/img] (3 players)
<font color="red">BB bets t150</font>, <font color="gray">MP1 folds</font>, Hero calls t150

River: (t760) Q[img]/images/graemlins/club.gif[/img] (2 players)
<font color="red">BB bets t400</font>, Hero calls t400