I actually don't mind the fee, as long as you don't also charge a rake. It should be one or the other.
And I'm also wondering how many orbits you will end up getting? At least in the levels I play, I find that there is someone leaving the table almost every orbit. And if you do get several orbits, those micro limit players who sit with the min at every table, will be quickly all-in or fold especially if they haven't won a pot in the earlier rounds.
The idea is interesting and does seem to be a good combination of both a ring game and a SnG.
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