3rd place wins 20% of pool, 2nd place wins 30% of pool and first place wins 50% of the pool (5 entry fees = pool)
This model can be used with any price buy-in Buyins could be 1 BTC, 2, BTC, 5 BTC, 10 BTC, 20 BTC, ect. ect.
The odds are better, the payout is much more inviting, and its just a more casual format.
5-mans were the old-school way sites did things. it be nice to see some 5-mans going on.
Thanks for the consideration
Here: http://forum.bitcoin.org/index.php?topic=25622.msg318849#msg318849
You can run what ever type of game you want, even tournaments where the top players win certain amounts. In fact, you can even make a rake and keep it yourself.