$120 Live Elimination (LHE) Tourney - anyone played similar?

[mwa]

Not sure what kinds of strategies to employ here. Any thoughts? Anyone played something similar before?

Basically, short stack at the end of each orbit is eliminated and remaining chip stack (if any) is removed from play.

More details:
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Elimination Holdem
The Elimination Holdem event will be a Limit Holdem tournament with a maximum of 160 entrants
commencing 10-handed. There will be no blind increases during play rather the lowest chipstack
on each table will be eliminated after one full round of the dealer button (orbit). In the event
that there is a tie for the lowest chipstack, both (or more) tied players will be eliminated. In this
instance there will be no further eliminations on that table until all tables are balanced. Once a
player is eliminated their chipstack will be removed from play. At the time an elimination is due
to occur, the dealer will determine which is the lowest chipstack on their table. Once a player is
eliminated, their chipstack will be removed from play.
When the tournament is 6-handed or less, an elimination will be conducted after every two
rounds. When the number of players on each table reaches five or less, there will be a seat
redraw to form 10-handed tables. The button will always commence in the last seat. This shall
apply at the beginning of the tournament and after each redraw.
In the event that a player exhausts their bank of chips, there will be no further eliminations on
that table until all tables are balanced. On the final table, the format will change to No Limit.
When two players remain in the tournament, play will continue until one player has all remaining
chips. During the tournament players will be required to keep their chipstack neat and in full
view at all times and the dealer is under no obligation to advise a player of the size of another
player’s chipstack.

Should be fun, plenty of the crapshoot element, but I'm sure there are some unconventional strategies that can be effective.

[Yoshi63]

This sounds absolutely re-donk-ulous. I'm not sure where to start. All in first hand to guarentee yourself survival for the 1st round??

[mwa]

It's limit yoshi, until final table.
I think the biggest factor will be maintaining awareness of the changing fold equity from orbit to orbit and in some cases, hand to hand.
I guess picking on 2nd or 3rd shortest stacks near the end of the orbit makes the most sense.

[levAA]

i'd suggest to play bingo instead - your chances will be quite the same

[Cornell Fiji]

Wow. This sounds awesome.

I will give my thoughts later but I just wanted to say that this sounds really exploitable and fun.