[kodonnell]

Here is how I would do it and it would allow for up to 10 players at 1000 each. Blinds start at 5/10. You also are saving up your big chips for color ups. IMHO, I do not like when there are more than 4 or 5 different color chips in play at any time.

1's = 100
5's = 100 (5)=25
10's = 100 (10)=100
25's = 50 (5)=125
50's = 50 (5)=250
100's = 50 (5)=500
500's = 25
1000's = 25