I believe that you have to just call pre-flop. Its just 88, you play them for set value, the game is loose so:
1) You will still get at least 3-way action unless you raise a lot.
2) You will get paid with a check-raise if an 8 hits.
Here i am sure you are beat, he probably has an overpair. Even if he doesnt, he bets hard and he has a lot of chips, so its too risky to call/raise. You will find a better spot to bust him.
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