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But, seeing as we need to try and finish in one hour, (which we rarely did with the old chip distribution and blinds), should i remove one blue chip so that everyone starts with t200 and the blinds at 1/2 so that everyone starts with exactly 100 big blinds and no more?
It doesn't matter WHERE you start, only where you end. The level you're out at needs to have the BB = 10-15% of the average stack, heads-up.
What Pants didn't say in his post is- most rounds are 5 minutes long, to fit in your schedule. You can even start with a couple of 10 minute rounds, if you want.
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Lottery Larry: Your chip distribution doesn't allow for five or six players
Mine most certainly does 5 players- it leaves exactly 5 white chips unused, in order to insure you end in an hour... and you can color up the blue/green chips at Round 4, if you'd like.
You didn't mention 6 players in your OP:
4 of 6 players get:
10 mixed + 4 red + 4 white = T700
1 of 6 gets:
5 mixed + 5 red + 4 white = T700
Last player gets:
5 mixed + 3 red + 5 white = T700
That leaves 1 red chip unused- throw it in the first pot if you'd like, or rotate the bonus chip each tourney, or give it as a BB bonus or something.
Personally, I recommend the "host bonus for organizing and providing eqpt" bonus, myself :P
Same blinds as before, or try this for more starting play:
10/20 (25 minutes)
20/40 (10 min)
50/100 (10 min)
100/200 (10 min)
Let us know what you come up with and how it works. And charge everyone a buck or two every game, to go towards buying more chips!
However, you won't be able to change the amount of the SS or the final blinds- time limit is paramount. You just won't have to make change that often.