The Poker Tournament Formula gives a method to determine a tournament's speed.
Poker players are always talking about tournaments with a good structure. What's that mean? What makes a tournament fast or slow? Snyder defines the speed as the blind structure in relation to the number of chips each players starts with (with some other minor factors such as number of players and whether there are rebuys or not). That's simple enough, but how do you quantify this?
The Saturday tournament at the Horseshoe Casino gives players 12,000 in chips with 30-minute levels. The Sunday tournament gives 20,000 in chips, but only 20-minute levels. How often the blinds raise and to what levels are almost the same between the two.
Which one do you think is better? To get more chips or to have 10 minutes longer at each level (assuming everything else is the same)? Do you think that it's similar? You can't know for sure without seeing the actual blind structure, but take a guess.
Tomorrow, I'll post what Snyder's formula says.