help with format of a no limit game we want to start

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a group of guys want to start a $50 buy in no limit regular hold em game.

so what should the format be that will work well? I need to know a good suggestion for blind structure and when to raise the blinds as more people are eliminated.

We will start with about 8 or 9 guys. What is a suggestion on the payouts? 70% 30%? or something like that?

no limit format. mostly want ideas on how big the blinds should go.

We are all inexperienced at hold em but want somthing that would be "real".
 

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Depends on how much time you have. Start at blinds of 1% and 2% of buyin and double the blinds every 20 minutes. You should be losing players after about an hour or slightly later and be done in 2 1/2 hours max.

If you want to play longer, make the time longer before each increase. Or add a 1.5%-3% before the first and second levels.

Prize structure can be however you like. But with 10 people I like 20-30-50. I think that would still work at 8, but if you want bigger prizes, your 30-70 sounds good.

All the best with the tournament.
 

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We have had over 60 tournaments this summer and had our big buy in one for $30 with 10 people that got done in 2 hours and 59 minutes. We gave everyone $1000 worth in chips and started the blinds at 5/10 for 30 minutes. Then went to 10/20 for 30 minutes. By this time you might only have 1 person out or none at all, but they start dropping in the next hour. we hit 25/50 next and leave it there for 30 minutes(we color up at that time also). We hit 50/100 next depending on how the board(there is 3 of us) judge the situation.
 

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