I am new so please do not bash or get to technical. Me and some friends are talking about doing a home game so I got some Poker chips and cards and I have done this word Document and I am curious if this looks good?? I have done a $20, $50, 100 dollar buy in and was just curious if this looks good. Like I said newbie and not sure on all the rules of setting a game up, but this is just for fun
Indeed, your proposal does not 'look good'...
In tournament play, the values of the chips used do not have to align with the buy-in amounts (in fact, they very rarely do).
Establish a fixed series of denominations to be used, sticking with numbers that are four or five times apart. Whole numbers work best, like 1, 5, 25, and 100. You typically will not need more than four denoms. Using standard casino colors and values, that would be white 1, red 5, green 25, and black 100.
For a T1-base set, plan on players buying in for whatever amount of money you choose that night ($20, $55, $105, or whatever) and get in return the same size starting stack of no-value tournament (T) chips: T500 total is a good choice per player:
10 x T1 white (=10)
8 x T5 red (=40)
10 x T25 green (=250)
2 x T100 black (=200)
----------
30 chips = T500
One major advantage of organizing it this way is that only one set of denominations are needed, and only a single blind structure is required -- making things much simpler and less confusing, regardless of buy-in amount.
Not sure your intent for the "extra buy-in", but you can sell extra chips to those that want to buy them (either initially or later), or you can sell chips to those players that get busted and have no chips remaining.
Below is a typical blind structure for T500 stacks, where the blinds increase slowly and consistently at regular intervals:
(level sb bb)
L1 1 2
L2 2 4
L3 3 6
L4 4 8
L5 6 12
L6 8 16
(replace T1 chips)
L7 10 20
L8 15 30
L9 20 40
L10 30 60
L11 40 80
L12 60 120
L13 80 160
(replace T5 chips)
L14 100 200
L15 150 300
Using 25-minute blind levels, the event will last about 6 hours (which appears to be your goal). You can use a cheap kitchen timer or your cell phone's timer to keep track of the time.
You will also want to establish a set of rules to help avoid any issues during the game. Rules make it a fair and even playing field for everybody, and helps prevent arguments. You can find TDA rules for tournaments online.