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I run a Wednesday night tourney:
3K in chips, 20 minute rounds. Usually lasts just under 3 hours with 10 players.

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And here's another question: Has anyone observed a difference in play depending on the starting stack size?

For example, take the 3K chip stacks described above, and cut the values by 1/3, keeping the same # of chips. Would players make fewer bad bets? Or more? It's a question of chip values vs. chip quantity.