Are these tournaments realistically profitable? If so is the omaha tourney better because less people know how to play omaha?
IMO, the Omaha is worse because people play Hold'em-Omaha. Ohhhh 10 10 x x rainbow, let me shove preflop.
As for the .10 NL one...here's a nice sample of what you can run into...
pokerstars Game #18804173462: Tournament #95638071, $0.10+$0.00 Hold'em No Limit - Level III (25/50) - 2008/07/13 - 22:45:05 (ET)
Table '95638071 16' 9-max Seat #7 is the button
Seat 2: MARLIN150 (3065 in chips)
Seat 3: hwbb55 (1220 in chips)
Seat 4: smd173 (1285 in chips)
Seat 5: jackiejams (4245 in chips)
Seat 6: D1NOnlyGrant (4940 in chips)
Seat 7: luckydog613 (2875 in chips) is sitting out
Seat 8: dehave (10430 in chips)
Seat 9: killerkx327 (2560 in chips)
dehave: posts small blind 25
killerkx327: posts big blind 50
*** HOLE CARDS ***
Dealt to smd173 [Ts Td]
MARLIN150: folds
hwbb55: calls 50
smd173: raises 350 to 400
jackiejams: raises 350 to 750
D1NOnlyGrant: calls 750
luckydog613: folds
dehave: folds
killerkx327: folds
hwbb55: folds
smd173 said, "yep, come get me with your K7o"
smd173: raises 535 to 1285 and is all-in
jackiejams: calls 535
D1NOnlyGrant: calls 535
*** FLOP *** [Ks Qs 4h]
jackiejams: checks
D1NOnlyGrant: checks
*** TURN *** [Ks Qs 4h] 9♠
ZANY8.5 is connected
jackiejams: checks
D1NOnlyGrant: checks
*** RIVER *** [
Ks Qs 4h 9s] [
7h]
jackiejams: checks
D1NOnlyGrant: bets 3655 and is all-in
ZANY8.5 has returned
jackiejams: folds
Uncalled bet (3655) returned to D1NOnlyGrant
*** SHOW DOWN ***
D1NOnlyGrant: shows [5d 7c] (a pair of Sevens)
smd173: shows [Ts Td] (a pair of Tens)
smd173 collected 3980 from pot
*** SUMMARY ***
Total pot 3980 | Rake 0
Board [Ks Qs 4h 9s 7h]
Seat 2: MARLIN150 folded before Flop (didn't bet)
Seat 3: hwbb55 folded before Flop
Seat 4: smd173 showed [Ts Td] and won (3980) with a pair of Tens
Seat 5: jackiejams folded on the River
Seat 6: D1NOnlyGrant showed [5d 7c] and lost with a pair of Sevens
Seat 7: luckydog613 (button) folded before Flop (didn't bet)
Seat 8: dehave (small blind) folded before Flop
Seat 9: killerkx327 (big blind) folded before Flop