Double or Nothing

In the Ongame network (Pokerroom, Mansion, Redkings...), there is a Double or Nothing SNG. It is basically what it sounds like. You start with 10 persons and top 5 get double their buy in. So if its a $20 SNG, 1st to 5th get $40 back.

You might say, so what ? It sounds like a low risk, low reward kind of deal.

My thinking is this type of SNG becomes relevant when you are chasing a big bonus and you are purely an SNG/MTT type of player like me. For one, you can probably fold your way to 5th without playing too many hands. I'm sure most of us have experience where we accidentally sit out an SNG and we end up in 4th or 5th place.

Secondly, you can open 10 tables at a time and not pay too much attention and I'm guessing you ITM half of it with not much trouble. Obviously since 50-50 ang chance mo. So break even at worst and if you get lucky you earn some money. The important thing is it ends fast so you have extra time to open more sets. All the while having a great chance of getting ITM and earning points to get your bonus. Logical ba ?

Its different from a Heads-up SNG where you also get double your money if you win. In a headsup situation, you have to be constantly focused and aggressive. But in 10 person SNGs, you can pick your spots and wait for the donkeys to bust out.

I've read somewhere before about certain players who chase SuperNova Elites or monthly bonuses. So they open like 16 traditional SNG tables at a time. But if you sharkscope them, they're losing thousands of dollars in the games that they play. They're expecting the bonus to make up for the losses which is kind of stupid.

So yes, Double or Nothing SNGs are low risk-low reward. But if you factor in the bonus. It becomes a low risk-high reward kind of move. As poker players, aren't those the exact situations we are constantly on the lookout for ? =)