Re: Guts Tournament
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If a player loses and has to match the pot but doesn't have enough chips he should be eliminated.
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Agreed.
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However, unlike previously mentioned, I think he should get a hand for his all in. He should automatically be all in and if he wins he should get his chips back. If there were two losers he should only win his share of the others chips from the other players.
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This I'm not so sure about. Simply because once he's already lost all his chips, he's been eliminated and therefore cannot afford to ante.
FWIW, I would probably start each player with about 400 antes. The maximum 'match' amount would start out big while the antes are small (and rebuys are still permitted) As the tournament progresses, the match amount would be smaller, compared to the ante.
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