These types of structures benefit the house more than anyone else. I view these as almost like a pull at a slot machine.
They can be fun to play because there's a chance at a little payday, but not because you played the best. Your play is a factor, but a much smaller factor than you probably think it is.
If you're going to play these with money, my advice would be...
-Keep it small stakes and/or money that you have earmarked as "
gambling/doesn't matter money".
-Wait just long enough for a hand that you can feel like you are going to get it in good (then get it in). You and your opponents are probably going to be looking to play for stacks more often.
-Psychology prepare yourself for big swings and quick exits.
Tip for playing...
-Positional awareness isn't as important when compared to a standard game. Not unimportant, just somewhat less important.
-Pre-flop decisions are more important. (There are fewer post-flop decisions to make in general and most of those will have already have SPR factors baked-in)
-Big cards go up in value (especially Ax, Kx and pairs) and connectors go down.
-Draws will call more often. Plenty of folks will consider any draw with 4 or more outs a calling hand regardless, because you have to accumulate. ...And you kinda do need to keep accumulating.