In general I never fold a nut low in a loose live game. In a very simplified model lets say there are only 3 people who donated to the pot which would make the pot 3x in size and you contributed x. If you take 1/2 you win 3/2x and you put in x for a net of 1/2x. If you take 1/4 you get back 3/4x for a net of -1/4x. That means you get 1/4ed twice as often as you get 1/2 you will break even. Granted there is the possibility of getting 1/6 but IMO that is more then offset by the fact that there are always more then 3 people donating to a pot.

On this specific hand I would have raised pre-flop but I'm OK with calling. Other then that I liked the way you played it.

What are the effects of rake on this game. I've wanted to play this game several times at the Taj last year, but figured if the rake was painful in the LHE 2/4 games then it's really gotta be a killer when you're splitting pots + tipping dealer on top of that? And in a pot like the one you had there, is everyone expected to tip the dealer or just the ones that come out ahead?

Results sucked there by the way, but I think you were trapped on the turn too.