Cashout Tourney Strategies
I played a game today that I had never tried.
It was a "cashout" tourney where they split the buy in between the conventional payouts (27 players in this game) and the cashouts. Any time you want to you can cash out your entire stack or a portion of it.
I didn't think much about strategy until I noticed that almost no one was taking advantage of the cashout pot. As i approached the final table I took $5 on 2 occasions because the reduction in chips by 6600 didn't effect my stack enough to make a difference.
One thing I almost screwed up on was going all in 1 player away from the final table, luckily I won but I was unaware that what ever was left in the cashout pot was distributed to EVERYONE at the final table! (I got like $47 or something). I finished in 7th place, received the $15 FOR 7th, the $47 final cashout, and the extra $10 for cashing out earlier (somehow it totaled $73.59).
I hadn't seen any mention of these games and thought I'd post this to see what folks think about them in general and my game if you have a tip.