So on the way back from work we were discussing how a tournament (or perhaps cashgame) would function if we were to turn around the pay-out structure (First to bust gets first place, second to bust second place, etc...) and what kind of strategy would be best applicable here.
While the first thought was "easy open shove" it soon became clear that if all players were thinking players - everyone would fold and you'd be the chipleader. It also became quickly evident that raising in general represented a bad idea (especially post-flop) since you would probably get the pot - unless someone else was holding a really bad hand. We therefore realized we would have to tweak the concept before having something we could perhaps institute in a live game sometime.
#1: Same Poker hand rules apply
#2: Goal is to lose your chips and bust first
#3: Open folding is not allowed (at least not postflop)
#4: So that betting doesn't turn into something that makes 0 sense we have to change the rules slightly. If a hand reaches a showdown then the best hand gets the pot (and therefore essentially loses). Yet if someone bets and another player folds - the player who folds gets the pot. If a player bets and several players who fold - those players who folded split the pot.
This means if you have showdown value you want to either get out of the hand quickly or get your opponents to fold by betting (and representing that you have air). This would lead to interesting spots such as
"I doubt he is only re-raising me with air here - if he didnt have showdown value he would have checked behind - my bottom pair might still be beaten here"
or situations where you have to check whether your draw is weak enough to call with the given pot odds.
In general this would have to be played in either FL or at the most PL format. (Especially interesting in FL --> Do I have little enough equity against his range to call here? ♦)
Current problems:
#1: What kind of Ante/Blind format and pre-flop rules would work best here
#2: How to best use these rules in cash games
Discuss!
