Re: LC: Strategy Question
The fact that it's a winner-take-all structure is very, very good for you in terms of dealing with this guy. You need to get all the chips to win anything, so there's no extra value in waiting for other people to bust out. You can push a marginal advantage early without taking the $EV hit you would in a more balanced payout structure. There's a mathematical argument there, but I think it's also intuitive.
That being said, here's the strategy. Any time you pick up a top 20% hand and the maniac still has cards, raise 6BB if the pot is unopened, 2x the total pot if it has been opened, and if that's more than 35% of your stack, go all-in. This assumes you';re not facing action from any of the non-maniac players, in which case you should just play normally. You're probably not going to get a shot to play this guy postflop, so you have to take your advantage where you can get it.
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