Home game with a $5500 bad beat jackpot
There is a local 1/2 game I have played in a couple times a month that just started a bad beat jackpot a couple months ago. The host is eager to pay it out before X-mas and has been dropping the qualifying hand each hour we play. Right now qualifying hand is QQQ88 and will begin to drop on the hour at the next game. He threw out the starting pocket pair requirement as well.
Payout,= 50% bad beat, 25% for winner, and the rest of the 25% for the table. Usually two tables going.
So right now the dynamic of the cash game is crazy loose, 4 or 5 people coming along many people's 8-10xBB raise and I am playing there more often too just to hope to be in it. Normally it's a loose game because of the high hand payouts, but right now it's a zoo full of Donkopottamuses. I got stacked with my QQ (preflop raised to $15 with two callers) by a guy who called my short stack shove of 50 bucks after I cleared a low flop where he hit bottom pair and just because he "had a suited qualifying hand of K5d" and caught the two pair on the river. What I am looking for is any advice on how to survive the loose game and still book a winning session assuming the bad beat wont hit. Should I just squeeze and play premium top 5 hands in superior position with minimal aggression since I am so vulnerable with big hands against so many players who'll call a stiff raise anyway?