I have seen it played both ways, but I think the more popular in home games at least is that you take your stack with you. Rewards the chip leaders, less work to have to collect all the chips and set up starting stacks again.
Players take their stacks with them and it is the blinds that are re-set.
I had planned on running a three table six player shoot-out tournament several years ago. The three final players would finish in the money and play for first, second and third. Can't remember the blind schedule. This is back when I had slugged chips. Starting stacks were 30,000. (150BB's)
Easy to reverse engineer it. The three remaining players would have had stacks of 180,000 chips. In all likelihood, the blinds would have been re-set at 1K/2K or 2K/4K.
Important to note, there are no re-buys in shoot-out tournaments.
The ones in which I have played, everything reset when the players consolidated; reset stacks, reset structure, play proceeded as a standard tournament from there.
We used to play a 7-card stud shootout - it was where the (in)famous 35/70 level was developed.
Thank you. So all that makes sense if it were a tourney but the ones in my local area have a variable buy in. For example, 1-2 Shoot out with $50-$300 buy-in. Is that the same thing as what was described? Do you just start out with what ever stack you bought in with and you win the table?
One definition. Since each table winner must win all the chips at his table to advance, all the final table players should have the same number of chips, the only difference would be if one table had more or less players than the others at start.