Depending on how many players you have, you could set up your sit-and-go a few different ways. For a game with four or fewer players, a winner-take-all game is best.
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For a game with five or six players, give 75% of the prize pool to the first place winner and 25% of the prize pool to the runner up. For a game between seven and ten people, give 50% of the prize pool to first place, 30% to second place, and 20% to third place. For a game with between eleven and thirty people, give 50% of the prize pool to first place, 30% to second place, 15% to third place, and 5% to the fourth place finisher. Alternatively, give fourth place his or her buy-in back.
If you have more than thirty people in a tournament, it’s often useful to download and use tournament-management software. This will alert players when the blinds are going up, calculate what to pay out to each finisher, and establish a good blind structure.
Remember, it’s important for home games to always post (or declare) the payouts before play starts. Players will be put off if they are expecting to make money but are later told that they placed out of the money.
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