Since baby Teagan is due in early May, this will be my last poker night for quite a while. As a bonus, we're gonna have a $10 Pot Limit Omaha tournament starting at 2pm for any who are interested. This $10 will buy pizza and pop for all those who played, and the top 2 winners will win whatever wasn't used to feed us. If we happen to finish early, we may have a cash game, or we may just relax, eat pizza, and watch TV until the 7pm tournament starts.
The 7pm tournament is the same as it's always been with an optional cash game afterwards that goes LATE into the morning.
The game is No Limit Texas Holdem, and it will begin at 7pm sharp, and the buy-in will be $20 plus an optional purchase of a $5 bounty chip (explanation below). A player may come in and/or re-buy as many times as they desire as long as it's within the first hour and twenty minutes. Players may re-buy a full 200 chips as soon as their chip stack is below 50 (you don't have to wait until you're busted out). As a bonus, any player that is on time will receive an extra 25 chips on top of the 200 they get to start with.
At 8:20, the blinds will reach 5/10 and we will chip up. At that time, there will be one last chance to re-buy. Additionally, any and all players may purchase an optional 100 chip add on for $10 or a 200 chip add on for $20, regardless of the players chip stack at the time.
As people start getting knocked out, there will be a cash game available with $0.25/0.50 blinds and you can come and go as you please. That game will continue as long as people feel like playing.
Please BYOB and any snacks you may personally want. This isn't a typical party, but games and TV will be available for those that want to hang out after they get knocked out of the tournament
Explanation of Bounty Chips
Each player who buys one will receive a “bounty chip” that will be carried by the player throughout the tournament. Whenever you eliminate someone from the tournament, you receive their bounty chip, which is yours to keep. Likewise, when you are eliminated from the tournament, you give your bounty chip to whoever busted you, potentially keeping any bounty chips that you may have won previous to being knocked out. At the end of the tournament, or whenever you are knocked out for good, you can cash in all of your bounty chips you've accrued for real money – in this case, $5/chip.
Please note, if you choose to 'not buy' a bounty chip for yourself, you will not be eligible to win other people's bounty chips. Anyone that does have a bounty chip and is busted out by a person without one of their own will be able to keep their own chip and cash it back in for a refund.
Anyone who is knocked out and wants to re-buy will still lose the bounty chip that they initially bought. However, they may also purchase an additional bounty chip during the time of their re-buy if they want to continue being eligible to win them.
Details for the cash game
During the optional cash game as people start getting knocked out, the blinds will be $0.25/0.50, so $20 is a recommended minimum to buy in with. You can come and go as you like, so bring as little as or much as you want to the table.
On an additional note, I will be collecting donations throughout the cash game; for every $5 in the pot, I will kindly ask for a donation to the house of $0.25, up to a max of $5 if a pot manages to go beyond $100. All money collected in this manner goes back into these events. Thus far, I've purchased chairs, cards, cups, plates, TP, plastic utensils, etc.