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Feb 20, 2012 · Re: Calculate Payout Schedule for a Poker Tournament Hi cehjr43, I think your problem can be likened to that of an annuity, since the payout is the "same" for each place, it's just that the first place finisher gets his payout compounded Z-1 times more than the last place finisher. Home Poker Tournament How-To Guide Buy-In. Initially, it would be wise to keep the buy-in small, no more than $25. If many of your friends are novices, you may even want to go as low as $5 to encourage people to play. Aside from the obvious advantage of having less money on the line, the other big upside of a low buy-in is that it lends itself to a much friendlier, upbeat game.