First of all, don't get bored because you are card dead and play hands. Follow the 100BI rule to be on the safe side, although you can have at least 50-60BI.
The way I play DON's is the mindset that all you need is a double up, and you can just ride it out. I shove in with 99+, AK, AQ and maybe AJs. You can tweak this a bit, but for some people, I don't advise it. You could always ride it out to the cash and let people knock each other out, or pick up small pots here and there. Depends on how you like to play and your style.
pretty much agree with the above except I really, really don't think you need anywhere close to 100 buy ins to play DoNs. maybe if you're learning 40-50 is a good safe cushion, but anything where an average player is cashing 50% of the time implies very low variance compared to, basically any other type of game. I'd be comfortable playing DoNs with about 15 buy ins. Somebody said cashing more than 60-65% is unsustainable. I disagree. I'm with the guy who said shoot for 75%.
I played a ton of these years ago when Pokerstars first came out with them. Here is a few of my thoughts on them in no particular order.
1. Watch the vig charged on these. Like any poker this makes a big difference on your bottom line. Some sites charge over 10% at the lower stakes. At 10%, you need to win 55% of these to break even. The best players are only winning 60-65%. I'd be very surprised if there are players with a significant sample size winning 75% of these. Ideally you like to find a site that only charges 5-7.5% vig on these.
2. I'd player tighter than I would playing a normal SnG. Remember you are only trying to beat half the field and not win the whole SnG.
3. Be prepared to fold big hands. There will be lots of times you will be required to lay down AA. For example, your 4th in chips and 6th place guy has a 1.5 big blinds, I'd just muck AA the majority of the time here unless I was heads up against the shortie.
4. Similar to #3 is don't be the sheriff if you are the chip leader or have a nice healthy stack. Say you get lucky and get some good hands and you sit at 4500 chips with 6 or 7 to go. It's not your job to take out the remaining 1 or 2 players. You are going to make the money a vast majority of the time. Why risk it? I can't tell you how many times I've seen the chip leader get all in with AJs against 88 and loses the flip. Now he's down under 3000 chips and he's put unnecessary risk on himself to make the money. You don't get paid extra to be the hero for the rest of the shorties at the table.
4. It's extra important to identify the players that you can steal blinds from later. In particular know if you can from the 3 guys to your left. You will need to steal blinds later around the bubble.
5. Finally, this goes without saying and ties into everything above but know where you are around the bubble will make a huge difference on you bottom line. This changes from round to round and even hand to hand. Who has the pressure on them? Who is going to take the blinds before you? Don't be the guy that went out 6th when you didn't have to.
I agree with everything above....now, you're not going to be folding AA a lot preflop...but this is the 1 type of game where that situation is more likely to arise. again, still rare and highly situation dependent but it WILL come up if you're paying attention. AA is 80% to win, meaning 20% to lose. if you are 2nd in chips and the chip leader open jams into you and there are 2 micro stacks left, and you are on the bubble, just fold your AA. 20% of the time you'll lose here and by folding you're virtually guaranteed to cash.
After years of breaking even with DoN I've found my form and have improved dramatically.
The first 2 blind levels I fold everything apart from AA KK & QQ, with these I raise 4 BBs
Hands like AK, KQ AJ etc I call when in position
By the time 1 or 2 players get knocked out I'm usually 2nd in stacks and I try to ride it out and steal blinds with pretty much any ace or king. Out of my last 20 games I've cashed in 15
good early game strategy. try to maintain as much of your starting stack as possible until the bubble. then, by that time you'll either be jamming or folding preflop....OR you might have enough chips for min raising. usually for me, I'm at the stack size where push or fold makes more sense.
Don't play against the chip leader. Just fold all day until you get that one hand...then win those chips and fold. Make the other players make moves and knock each other out.
yes agree.
also, even though it's called double or nothing...if you start with a 1500 stack you often don't need 3000 to make the money. I often squeak in there with 2,200 or even less if there is a micro stack. also, some players don't seem to realize they should basically stop playing when they get like $4,000 chips and they defend their blinds with hands like KJ and 77 and end up going broke....it's crazy to watch but I've seen it happen so many times. (OK, once it was me.....)