Well I can tell you how they do it in Columbus at the 8ball Sportsbar. They give you 5 chips for your entry fee. They do a draw just like a regular tournament to get things started. You then play one game...if you win you keep the table and you rack for the person coming on. If you lose, you go give them one of your chips and wait for your name to be called for your next game. Supposedly they are tracking the losers so that nobody can pull a fast one with the chips. Likewise, they are supposed to have them play in the order in which they drop off their chips. This is done until it is down to like a quarter of the field when they start drawing cards to see who plays one another.... That is about the gist of what I have seen in playing there. I think its okay but I cant seem to get in a rhythm in a tournament like that. Plus it is hard as hell because you are already giving up the break every time you win. But, I think it gives average players a chance to get to the money on any given night. I hope that helps. I had never even heard of this format until I moved here. We did not have them in Milwaukee and I do not recall there being anything like this in St. Louis.
Patrick