Tourney Structure - is this reasonable?

[Ace_W_Ace]

Heard about this NLHE tourney that someone is trying to put
together, but the structure sounded a bit steep (in favor of the host) to me. Just looking for some opinions.
Buy in $100
48 players
Payout 1st: $2k, 2nd $1.5k, 3rd $500, 4th-6th $100
1500 starting chips, blind go up every 20mins.
I believe this comes out to a $80+$20 buy in.
I'm not too crazy about the 4th-6th payout.
Seems like 4th should pay more than 6th.

[TomHimself]

I wouldnt pay a 20$ vig at a home game. and t1500 chips doesnt matter its what the blinds start which should be around 5/10. payout isnt great either

[FrogMouth]

This is a home game right?

$20 to the host sounds steep to me but I would be more concerned with the blind structure. Where do the blinds start, and how do they increase? Do they double every level? If you start at 50-100 and go up from there its like your playing a turbo and its going to end up being one big crapshoot. With 20 min blinds your lucky to get once around per level.

The payout is what it is, little strange but ok. How many seats? I don't know if your #s add up with that buy-in and payout structure!

[Quicksilvre]

This would be better off in the Home Poker forum.

Anyway, the payouts. That is one steep mofo, and you have quite a bit of juice on top. I don't see why you need anything more than $5 juice, but if your group goes through a lot of snacks, I guess that $10 might be (might be) reasonable.

Assuming that you do $90+$10, then you have a $4,320 prize pool. Personally, I would pay it down to eight players. Something like 40%/20%/12.5%/8.5%/6.5%/5%/4%/3.5% ensures the top 8 get a profit and the top prize stays nice. assuming you want nice, rounded off values, you'll have

$1,730
$865
$540
$365
$280
$215
$175
$150

With T1500 to start with, and a prize this big, starting low, like at 20/40, would be a good idea. Then, you can go to 30/60, 50/100, 75/150, 100/200, 150/300, 200/400, 300/600, 400/800, 600/1200, 800/1600, 1000/2000, 1500/3000, 2000/4000, and 3000/6000. By then, the tournament should be close to over. By my count, that's five hours plus breaks. Frogmouth is right about the blind structure being so important. In fact, a 10/20 level to start with is probably well-advised.

BTW, who are your friends? These are some pretty high stakes for a home game.

[Ace_W_Ace]

There are 48 seats.
You're right about my numbers, but I was only off by $40, so if I add it to the 4th prize I get.
Prize pool: 2000 + 1000 + 500 +140 +100 + 100 = 3840
Buy in 100 * 48 = 4800, 960 to host
It is still a 80 + 20
They were unsure about the blind structure, but I believe it started at 30/60. If they put another $480 in the prize pool, that would make it a 90+10 buy-in. Then 4th - 6th could be scaled a bit better.
That seems more reasonable to me.

[Ace_W_Ace]

I like this proposed structure a lot.
This is not really a home game. I believe that this is the first tourney these guys are trying to set up and that some of the profit will go to charity, although the details are sketchy at this point and I don't think the legal issues have been worked out yet so I can't say much more
I am going to suggest this structure though. I think they may have a hard time filling the seats otherwise.

[FrogMouth]

Ya, that $90 + $10 sounds more like it. Worth it if they have a keg, and some good eats. That payout structure wouldn't keep me from playing, home tourneys are like shooting fish in a barrel. The blind structure would be the deciding factor though. You want to make sure it allows you to play at least an hour before the blinds become large to the relitive stacks. What Quick outlined starting at 10/20 is about as good as your going to see.

Good luck

[TomHimself]

20/40 or 30/60 is still alot for first level. dont play in it, play online in some tourney

[Quicksilvre]

[ QUOTE ]
20/40 or 30/60 is still alot for first level.

[/ QUOTE ]

Yeah, I think I've sold myself on that 10/20 level. It'll only add another 20 minutes on top of five hours; not too bad. It'll also let you use the T10 or T5 chips for one additional level.

[Quicksilvre]

A hundred and fifty big blinds to start? Sure, $100 is a notable buy-in, but it's not the WSOP or anything. I think 10/20 is fine if you have smooth increases.