Re: home game: tourney or ring?
A couple alternate ideas:
Idea 1: Do the tournament with 30-50x the BB, but raise the blinds every time you lose a player rather than on time. This makes it so new players won't feel 'rushed' by the constantly ticking clock. If you raise them faster than the ratio of chips/player drops, it will also make the tournamnent move faster and faster towards the end, which is good for the players that have gone out.
Idea 2: Have a low stakes no-limit cash game. Something like $5 or $10 buy in with blinds at .10/.25, or even .5/.10. We've had a lot of fun at my low-stakes home game with inexperienced players playing $5 buy-in .5/.10 blinds NL. If someone gets a 'huge' stack (like $20), we'll usually make them cash out down to $5 or $10. Even if someone busts, going back into your pocket for another $5 or $10 isn't really a big deal...
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