Full Tilt Poker
Pot Limit Holdem Ring game
Blinds: $0.25/$0.50
5 players
Converter

Stack sizes:
UTG: $51.70
CO: $29.75
Button: $14.35
Hero: $63.55
BB: $20.20

Pre-flop: (5 players) Hero is SB with A T
UTG folds, CO raises to $1, Button calls, Hero calls, BB calls.

Flop: 7 8 4 ($4, 4 players)
Hero?

How do you play this? Villians tend to alternate between fishy calling station type players and just loose I spew chips all over the place players.

I would try to make a hand profitably, and then value bet, vs loose passives.

I almost always lead here. Build the pot for later streets while getting some fold equity. It might be cheaper to wait till you have a made hand, but your not gonna get paid off, because one the pot is smaller, and two, for you to improve it will be an obvious scared which often kills your action.