4-player game, every man for himself. The object is to score as many points as possible (note that this is different than simply scoring more than your opponents).
Each of the 52 cards holds a specific point value; these values are displayed in the following table:
Each player's bankroll: $1,000
Rules: Each player will obtain exactly 10 cards over the course of the game. Each player must obtain at least 2 cards of each suit. After a player has obtained 10 cards, he sits out and waits until the others finish.
The first bidder is chosen randomly. He must pick a card; any card he chooses (imagine all 52 cards sitting face up on a table). By choosing a card, he bids at least $1 on that card, though he can choose to make a larger opening bid if he wants. Obv the player who ultimately bids the most for any given card will have that card, and then the draft continues with the next bidder choosing any remaining card he wants to make an opening bid on.
So, given the rules of the game and the pre-determined value of each card, it seems we should be able to figure out an optimal bidding strategy. ie, we should be able to figure out exactly how much each card is worth relative to the other cards. But I have no idea how to go about determining these values. It would be nice if there were a formulaic-type answer to this question, but if not, I'd at least like to see some posts about what kind of thoughts I should be having when deciding how much to bid.
Also, the numbers I put in the table above are just an example; I'd like to be able to apply what I learn in this thread to games with cards of any value.