Bad three street bluff? 20PLO

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Bad three street bluff? 20PLO

Blinds: $0.10/$0.20 (6 Players) SB: $36.35 (Hero)
BB: $77.74
UTG: $20.00
MP: $20.90
CO: $20.00
BN: $46.78
UTG is TAG 19/11/1. Very positionally aware and straightforward. I expect him to have a very tight range potting from UTG. I expect the BB (44/20/8) to peel wide, especially after I flat.

I do not have thousands of hands on each player but I have played with them a decent amount and I do not multitable, I pay attention to specific hands people show down and try to extrapolate potential ranges for different situations.
Preflop ($0.30) Hero is SB with J K K 2
UTG raises to $0.70, 3 folds, Hero calls $0.60, BB calls $0.50
Flop ($2.10) 4 6 A
Hero bets $1.40, BB folds, UTG calls $1.40
UTG can have AAxx a decent amount of the time and the BB rarely does as he has a 3 bet stat of 8%. I guess he would have 3 bet a lot of AAxx hands pre. I lead out hoping to get HU with the UTG player. He is tight and I felt capable of folding by the river. At this point I am trying to set up for a three street bluff. I do not like my sizing on the flop though. I am basically trying to rep a 'protection bet' by donking into two players so I think I should have bet more. Something like 1.90.

With my blocker, unless the board pairs, I am thinking there are very few hands that can call a PSB in the river if i set it up right. Is this the right thinking? Or are my estimations way off?
Turn ($4.90) 4 6 A 3
Hero bets $4.00, UTG calls $4.00
River ($12.90) 4 6 A 3 5
Hero bets $12.40, UTG raises to $13.90 and is all in, Hero folds
Final Pot UTG wins $37.32
Rake is $0.38

My question to people is should I even be making this play at these stakes? I am completely unsure and would appreciate any advice from people more familiar with these games as I have only recently starting playing 20PLO. On the one hand, yes people are calling way too much and maybe this was just a misconceived play (possibly FPS), on the other hand, there is the chance that I just got unlucky with the specific hand he had (although I cannot work out what he could raise me with here) and I do not want to be put off from taking a profitable line in general from one specific example.

N.B. Given that this hand has happened I am aware that my perception of UTG being straightforward should be altered.

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