77 on tricky flop, 1st hand of sattelite (cleaned up from earlier)

[iStackBooks]

This is the first hand (obviously no reads) of a $24 satellite to the Hendon Mob Shootout Event #1 ($100+$9). There are 27 entrants, top 5 get tickets, 6-8 buy ins back. Anyway, thoughts on all streets are appreciated. Good chance I made the wrong decision here playing for stacks on the flop. I thought about flat calling the flop and reevaluating the turn but came to the conclusion that he is likely betting missed high cards and even if I call and am beat I have 8-10 outs (I was actually about 37% to win). How much should I factor in the fact that it is the first hand of a sattelite? I usually play to survive in satellites - very very tight early, double up if I run into a big hand, and tread water by being very aggressive late as the blinds go up. I feel like my game is way above average at this level and usually cash. Other problems: I had a really hard time interpreting his min raise and the flat call by the button.

Full Tilt Poker Game #3060976271: Sat to Hendon Mob S.O. #1 (23327040), Table 1 - 15/30 - No Limit Hold'em - 6:56:00 ET - 2007/07/26
The button is in seat #9
*** HOLE CARDS ***
Dealt to iStackBooks [7h 7s]
TomAT0127 folds
russboy78 has 15 seconds left to act
russboy78 folds
ROYAL-EAGLE folds
Cuban_1958 has 15 seconds left to act
Cuban_1958 is sitting out
Cuban_1958 has timed out
Cuban_1958 folds
misterpleasure calls 30
cashgamekid8 folds
takethingseasy folds
ballz1111 raises to 60
iStackBooks has 15 seconds left to act
iStackBooks calls 30
misterpleasure calls 30
*** FLOP *** [4h 5s 6d]
ballz1111 bets 120
iStackBooks has 15 seconds left to act
iStackBooks raises to 540
misterpleasure calls 540
ballz1111 raises to 1,440, and is all in

[cmcxchris]

Call.

[BarryLyndon]

Mini raise is dog [censored] and could mean a host of things, one of them being AA, the other being KK, and the other being QdJd. But, it's early and the pot is multi, so raising to 540 wins you a smallish pot (even if you have 10 outs) while committing you to that tricky [censored] [censored] trap raise if he pushes. As played, call; you should just call on the flop because if a 3, 8, or 7 comes up, no way fucko is getting away from AA anyway.

Barry