Thanks in advance for any help, much appreciated
CO: $13.40
Hero (BTN): $10.34
SB: $10.05
BB: $11.29
UTG: $10.00
UTG+1: $10.73
MP: $10.33
MP+1: $10.40
SB posts SB $0.05, BB posts BB $0.10
Pre Flop: ($0.15) Hero has J♥ K♥
fold, UTG+1 calls $0.10, MP raises to $0.45, fold, CO calls $0.45, Hero calls $0.45, fold, fold, UTG+1 calls $0.35
Flop: ($1.95, 4 players) Q♥ T♦ 6♦
UTG+1 checks, MP checks, CO bets $0.97, Hero calls $0.97, fold, MP calls $0.97
Turn: ($4.86, 3 players) 7♠
MP checks, CO bets $2.43, Hero calls $2.43, MP raises to $8.91, fold, fold
MP wins $11.55
Here is my reasoning behind this hand. Flopped an OESD, Called the raise of $0.97 into a $3 pot, just about correct Pot odds but missed the draw. CO then raises $2.39 making the total pot $7.20. At this point I was getting bad odds to call but it was obvious that CO had a good hand and would probably go all in on the river. He had around $9 remaining meaning I was only calling $2.43 in to a Pot which could potentially be worth $16... I obviously had to fold to the all in re-raise.
Is this the correct usage of Implied Pot Odds, I thought I could get all his chips and maybe even all of MP's chips if I hit the nut straight.
*Edit* I just realized that I only had 6 outs and not 8 as the A♦ 9♦ would be phantom outs. (I think I am using that term correctly)