This Home Tournament Worth Your Time?

[TaintedRogue]

NL Hold Em Tournament.
This seems like more of a crap shoot than anything else.... tell me what you think....
$100 entry & $20 juice for the house/food.Start with 10K in chips.
20 minute levels. Good tournament dealers.
1 rebuy (10K chips)at any time during the first 3 levels. If you haven't had a rebuy you can add-on after the3rd level.10K in chips of course.
Levels: (never an ante)
100-200
200-400
300-600
500-1000
1500-3000
2K -4K
3K-6K
5K-10K
This is where you are usually down to 6 players with only 2 players at the most,not being short stacked, i.e., less than 100K in chips.
Tonight there were 490K chips in play.
15K-30K
20K-40K
Comments appreciated.

[AlphaWice]

Obviously, 20% juice is never good, because it becomes harder to beat the rake.

If you are purely interested in EV, play on the internet. But maybe hanging out with friends is worth something to you.

[TaintedRogue]

I get $10 worth of food/drink easy. I'm talking about the rate of the level increase.

[Ogre]

It all depends on the skill level of the other players.

[TaintedRogue]

90% of them are good. 100% of them play regularly on Pokerstars and/or PartyPoker. 50% of them read this website.
What you find is that by the time the 30 players are narrowed down to six, only 1 or 2 not short-stacked, when defining same by 10x the BB and, when it's 2 that isn't short stacked, there not far from it.
It's a crapshoot at that point and 1st & 2nd almost always split, and sometimes 1st - 3rd place.
Friday night, it was so close when we got to 6 players, where only 5 places paid, everyone agreed that the bubble would get $100 from the winner's share.
There are usually 10 of us who get into a $100 "last-longer" to fatten your 1st place check, or 2nd if the 1st place guy didn't get in.
Anyway, you've probably guessed I was the bubble. I've got the 3rd biggest stack sitting on the big blind (20K) and everyone folds to the big stack on the button who goes all in with A6 and I call with AT suited and we get no help on the flop and he catches runner, runner straight, where only a 4 would make the straight on the river.

[TaintedRogue]

Compare this to the 4000FPP tourney on Pokerstars, giving two free seats to the WSOP.
There are 12 players left, the average stack is 35,000 and the big blind is only 1200. There is only 1 player close to being short stacked, ie..less than 12000 chips.