Event #16 $216 7-game mixed games is underway. This is a mix of all the HORSE games plus NL hold'em and PLO.
At 3 I have $216 "cashout." I've never played a cashout tournament before, but here is how I understand that it works. Of my buy in $16 goes to the house, $100 goes to the main prize pool and $100 goes to the cashout prize pool. At any time, but only one time, during the tournament you can "cashout" half of your chips and get paid for their value. For example. If you start the tournament with 5,000 chips on hand 1 you could sell off 2,500 chips for $100 and be left with 2,500 chips. Or if you had 20,000 you could sell off half for $400 and be left with 10,000. I'm not sure what the optimal strategy is, but I hope I'll know the time to cashout when I see it.