I can't say it's terrible but it really doesn't have much to do with poker. You could just as easily deal 5 cards out and whoever had the worst card got a punishment. Really this feels more like a modified Russian roulette
, not poker.
However here are my suggestions for improving the viewing experience if you like this format. I know this isn't easy on a low budget, perhaps a ceiling cam could help engage the viewer. This addition would allow the viewer to see the cards and would create more drama. This would also reduce the need for having to over explain every hand. You could even get giant sized cards that would show on camera, often seen in the price is right.
GL with your show