How Badly Do You Want to Make Day 2?
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While we had a few slow moments in the Orange Section, we sat down and calculated how many chips you'd lose if you never showed up for Day 1 and were blinded and anted off the whole day. We assumed 40 hands per hour, which is probably on the high end.
Level 1, 2 hours, 50-100: 1,200
Level 2, 2 hours, 100-200: 2,400
Level 3, 2 hours, 150-300: 3,600
Level 4, 2 hours, 150-300-25: 5,600
Level 5, 1 hour, 200-400-50: 4,400
Total chips blinded and anted off: 17,200
Chips returning for Day 2, blinds 200-400-50: 12,800
So if you never showed up for Day 1, you'd return on Day 2 with an M of about 12 and 32 big blinds in your stack. That's certainly not cozy, but it's workable. The biggest downside, probably, is that the worst players in the field would already be busted before you even play your first hand.