The Luxor has a game that is somewhat close to this at $50 max buy in and three blinds (1/1/2).

I just updated my strategy for this game and it worked well in one session and not as well in another because I got no cards to play with. What I do is come in for a standard raise pre-flop ($7 is normal in this game) with premium hands (AA, KK, AK, AQ, JJ, TT), and then if the flop isn't scary (in the case of the pairs) or if I get a piece of it (in the case of AK or AQ) I move in. Simple, simple, simple.

I think the key in low buy-in games like this is to find some way to get more than the max buy-in on the table. With this strategy you're reaching into your pocket a few times maybe, but when you do hit one you've got double the max buy-in and you can start beating up on the shorter stacks. I tried finessing this game with 1/2 to 2/3 pot sized bets and it just doesn't work.

Any comments on this strategy for low buy-in / relatively high blind structure games like this?