Hi guys,
We group of friends have a small poker club, and we get together every week to play mixed poker (NL Holdem and Omaha). There's about 15 of us total, and usually 8-10 show up every week.
We want to create some sort of ranking method. Problem is we play cash (not SnG), and we haven't found a fair ranking method for cash games.
We have certain rules such as:
a) There's a single buy-in amount. You can't buy-in a cent more or less. And you can only rebuy the exact same amount, once you're out of chips.
b) You can't cash-out until the end of the night.
Given these rules, it's been suggested that we can use some formulae such as dividing the cash-out amount over the amount of buy-ins, but we're unsure whether that is reasonable.
Any sugestions?