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Poker Stars $0.25/$0.50 Limit Badugi - 7 players
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UTG+1 posts a big blind (1 SB)

Pre Draw: (2.4 SB) Hero is BB with K 9 4 2
UTG folds, UTG+1 checks, MP folds, CO calls, BTN calls, SB calls, Hero checks

First Draw: (5 SB) (5 players)
SB draws 4, Hero draws 1, UTG+1 draws 3, CO draws 1, BTN draws 2
Hand: 9 5 4 2
SB checks, Hero bets, UTG+1 calls, CO calls, BTN calls, SB folds

Second Draw: (4.5 BB) (4 players)
Hero draws 1, UTG+1 draws 2, CO draws 1, BTN draws 1
Hand: 6 5 4 2
Hero bets, UTG+1 calls, CO calls, BTN raises, Hero calls, UTG+1 calls, CO calls

Third Draw: (12.5 BB) (4 players)
Hero stands pat, UTG+1 draws 1, CO draws 1, BTN stands pat
Hand: 6 5 4 2
Hero checks, UTG+1 bets, CO folds, BTN raises, Hero calls, UTG+1 3-bets, BTN calls, Hero calls

So i decided to not 3bet my 6 after second draw to let other players come in which usually have very litle chance to improve or drawing dead against my hand. Also this garantees that two more bets go in instead of one from BTN. Now the question is can I fold on the river facing two cold here?

Looking at a hand now i think i should have drawn two to 42 on the first draw.

You had me worried when I saw the title. 6542 is a big hand - the 14th best badugi - and if you never fold it you won't be going far wrong. I don't think I've ever folded a six in tens of thousands of hands.

However it's far from unbeatable - you see some people mash the bet/raise button with this sort of hand when they need to slow down. I think you played the river fine - capping would be an overplay.

Because it's beatable there's no harm in thinning the field on the turn. But if they do have a tendency to draw rough (and from my experience of 25c/50c they do), keeping them in is fine too. I think the turn could go either way.

Definitely draw two on the first draw. You don't want to be drawing to a 9 five-way, especially with such a good 2-card underneath. Incidentally if I had K 9 8 7 in that spot I'd dump the lot.