Bounty tournaments have a different payout structure than regular tournaments and require a slightly different strategy because of this.  In bounty tournaments a portion of your buy-in goes to the prize pool and a portion becomes your bounty.  When you bust a player you win their bounty amount and if a player busts you they get yours. The bounty structure varies from room to room. 

For example at PKR half of your buy-in becomes your bounty.  Then every time you knock someone out you win 80% of their bounty and 20% is added to your bounty.  At Full Tilt on the other hand usually only 20% of the buy-in is the bounty and you win the full bounty when you knock a player out. There are a few adjustments you should make to your tournament game in order to make the most profit possible in bounty tournaments.
Tip 1 – Isolate short stacks with big hands
If a player is close to being eliminated from the tournament and you are lucky enough to be dealt a monster hand you should try to isolate the player so that other players can’t outdraw on you and steal the player’s bounty. 
Tip 2 – See more flops with short stacks
If you are dealt a mediocre hand when a player is close to being eliminated you should try to see the flop more often than if the bounty was not available.  You should include the bounty amount when calculating your pot odds and call more than you normally would in order to try to take down the bounty. 
Tip 3 – Double up through big stacks
When you are the short stack in bounty tournaments you are much more likely to be called when you push all-in.  You should use this fact to your advantage and only push with monster hands.  You can push with more chips than you would in a normal tournament, but don’t push with mediocre hands because you will likely be called. 
Tip 4 – Be smart about trying for bounties
The number one mistake a lot of players make in bounty tournaments is placing too much emphasis on trying to win bounties and forgetting about the tournament prize pool.  You should only try for bounties when it is smart to do so.  Do not risk too many of your chips when trying for a bounty and put yourself out of the tournament. If you follow these 4 bounty tournament tips you should be able to steadily build your poker bankroll by playing in bounty tournaments.