While I've never seen this particular format, the way I would handle this is to play tight and let the other looser players that are eager to win a quick buy-in back from a bounty bet into you...
Once you have a made hand let them play their loose styles straight into you, but that's just the way I would do it.
Expect a lot of action, and make sure you get as much chips in as you can when you have the hand.
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