The PokerStars Method
This could easily be called the Pitbull Poker method, or perhaps the CardPlayer method. This is a formula that top poker rooms use to track their Tournament Leaders. It takes into account the size of the tournament, the finish in the tournament, and also the buy-in amount, which probably won’t vary much in a home league setting.
Points = 10 * [sqrt(n)/sqrt(k)] * [1+log(b+0.25)]
Where:
n is the number of entrants
k is the place of finish (k=1 for the first-place finisher, and so on)
b is the buy-in amount in “dollars” (excluding ‘tournament fees’).