gistfile1.txt

Time: Doors open at 4:40 PM, play starts at 5:00 PM.

Format: No Limit Texas Hold'em, One-Table Freeze-out Tournament.
Plan is to play 2 tournaments.

Requirements: At least 5 people are needed for the tournament to go down. Please comment on the event page to mention your attendence, as there is a six player maximum. Players will be notified two days ahead of time if there is not enough interest.

Tournament 1: $15 buy-in receives $1600 in tournament chips. Rounds last 10 min each. When tourney is heads-up, rounds will be 6 min. 

Tournament 2: $32 ($2 for bounty on Tournament 1 winner) buy-in receives $2600 in tournament chips. Rounds last 15 min. When heads-up, 10 min.

There are no rebuys for either tourney, except, that at the director's discretion, and with approval of all participants, an unclaimed chip stack may be purchased by the first player to bust out of the first tourney.

Blinds increase for 3 rounds: 10/20, 15/30, 20/40.
Break to color up chips.
Blinds increase for 3 rounds: 25/50, 50/100, 75/150.
Break to color up chips.
Blinds increase for 3 rounds: 100/200, 200/400, 300/600.
Break to color up chips.
Blinds increase: 500/1000, 1000/2000, 1500/3000, 2000/4000, 3000/6000, 5000/10000 until someone wins.

Payouts:
(5-7 players): 1st---65%, 2nd---35%
(8-9 players): 1st---60%, 2nd---30%, 3rd---10%
(10 players): 1st---52%, 2nd---28%, 3rd---13%, 4th---7%

Any players that have reserved a seat for the tournament and are not present at the start will be liable for their buy-in*, assigned a seat, have their chip stack on the table, be blinded down and have the right to join the tournament until the start of the fourth blind level of the first tourney. At the director's discretion, an unclaimed chip stack may be sold to the first person to bust out of the first tournament. Let us know if you are going to be late.

Players are encouraged to bring their own snacks / drinks to share.