[Phaetos]

Yes I read the link to the article that Ten posted earlier, but I still have some questions. Our group, usually 5-7 of us have been playing a tourny style game every week. But it's getting ... well. ... it seems to be taking the fun out of the game somehow. We want to start playing a ring game, so that people can get up and join back in whenever they please instead of waiting for upto 1.5 hours for the game to finish. We have a 650 piece set with this color/denom scheme(meaning it's printed on the chips):

$1= white = 250 total
$5= red = 200 total
$25=green = 100 total
$50=blue = 50 total
$100=black = 50 total

Yeh, odd configuration, but I didn't know any better when I bought it.

I was figuring a $5 or $10 buyin, get so much(opinions needed here) in chips, and when you cash out, you get your money back based on your chip stack and the $5 buyin. Try again, $5 buyin = $20 in chips. You have $30 in chips when you cash out you get ... $7.50 back(rough figuring). Is this viable, or should be keep the buyin and the chip amount the same, $5 buyin, $5 in chips. In this format, I think the blinds should be $0.05/$0.10, correct?

With that chip configuration, how would you structure the chips for a 5-7 person table?

Thanks for any help you will most surely provide.

Phaetos

[whitepotatoe]

Just make each denomination cents instead of dollars. That conversion thing you have going is not a good idea.

[Phaetos]

So, a direct conversion then. ok.

Edit:
But with those denom's what should the blinds be? .05/.10 ?

[CaptLego]

Originally Posted by Phaetos

So, a direct conversion then. ok.

Edit:
But with those denom's what should the blinds be? .05/.10 ?

Sounds good. If the blinds are .05/.10, then a $5 or $10 buyin would be 50 or 100x the BB. That sounds about right. With your chips, you'd be in pretty good shape using them as 1/100 face value (cents instead of $).

You won't need the white chips for this game, so you could reserve them to be $10 each, and use them for rebuys, in case you run out of the other denoms.

[Captn_All_In]

We are planning something similar. A .25/.50 game, and then rotate some dealer's choice stuff. We are just using the 1/100th rule and making it a $25 min- $40 max buy in. By more anytime your below $10. Going to be using .25, .50, $1, $5 chips, maybe a $10 chip for rebuys.

Like I said we are still working out the details. I hope to update this after our game next Friday!!

Good Luck getting your ring game going!!

[Phaetos]

We decided on a $5 buyin, and using .05/.10 blind. It's working out well, except I can't get nothing to play with. This blows tonight

[omar]

So, is 50-100 times the BB the standard method? Does that also work to be the min & max buy-in? For example, if you played a $.25/$.50 game, does it make sense (or, is it right) to say the the min buy-in is $25 and the max is $50? If so, is that also true if it is a $.25/$.50 NL game? I am thinking about starting a side cash game for people who bust out of my biweekly NLHE tourneys and am trying to figure out how to organize it (and also determine what new chips denoms I need to get).

Thanks in advance for your comments!

[Wylecoyo]

According to Marc Wortman (whoever that is): “The ‘One One-Hundredth Formula’ is how I make sure I have enough chips. I host regular games at my house, and a bigger tournament game four to five times a year. Planning the requirements for the two types of games would seem entirely different, but the truth is that they are quite similar. After all, it's all about making sure that each individual player sits down to what they consider to be an adequate number of chips. Sure, you want to ensure enough scarcity of chips that players aren't betting them carelessly. But on the other hand, there needs to be enough chips in front of each player that everybody gets to enjoy some play.

The 1/100th Formula should accomplish just that. Even if you stray from it, you can still use it as a basis. The way the Formula works is as simple as this:

Make the amount of the small bet one one-hundredth of the total amount of chips each player gets.”

The rest of the article is available at: http://www.homepoker.com/news01.asp?...=2&fmpg=hm

[R Deckard]

Originally Posted by omar

So, is 50-100 times the BB the standard method? Does that also work to be the min & max buy-in? For example, if you played a $.25/$.50 game, does it make sense (or, is it right) to say the the min buy-in is $25 and the max is $50? If so, is that also true if it is a $.25/$.50 NL game?[snip]

FWIW, here's how most poker rooms run things:

• For a Limit game, the minimum buy-in is usually 10x the big bet (not big blind). So for a 50¢/$1 limit game (i.e. 25¢ and 50¢ blinds) you could make the minimum buy-in $10. Since it is Limit, it doesn't really matter if someone buys in for a large amount, so there is no need for a maximum, unless you have some id10t at your game who wants to use up all your chips.
  
• No-Limit played for table stakes is really a form of spread limit, where your bets are delimited by the big blind (minimum bet) and your stack (maximum). So you must tailor the buy-in size to the blinds. I've played fixed buy-in games for $100 ($1 & $2 blinds) and $300 ($2 and $3). I've also played $300-$500 buy-in with $3 & $5 blinds. So for a NL game with 25¢ and 50¢ blinds, your $25-$50 buy-in range would make sense.

[ky70]

I played in my first live ring game (no limit) this weekend and it went really well.

We had a $10 buy in and the blinds were set at .25/.25. .25 was the lowest denom available so we had to make the big blind equal to the small. I thought having only 40 big bets might be a problem but it worked out really well. I have now created schedules (in Excel) with initial chip distribution and rebuys for buy-ins of $10, $15, $20, $25, $30, $40 and $50. My preference would be to do $25 buy ins with blinds of .25/.50.

Question: With the big blind being .50 cents, could somone who wanted to raise the pot put out an initial bet of .75 (raising .25 cents) or would the bet have to be at least 1.00 (raising .50 cents)? Thanks!