Spreadsheet is up (Memeing Tillions Leaderboard - Google Sheets)
I’ve decided to go with (√number of players) / (√finishing position) to reduce the advantage for players in tournies with a large field, and to reduce the overall variance between points earned. Previously, there was almost no incentive for someone to finish 4th out of 5, versus 5th out of 5, and just winning a couple tournies would make it prohibitively difficult for the others to catch up.
This looks cool! Thank you. 
Intuitively it makes sense to me in terms of the proportion awarded to each finisher.
This approach eliminates an element of a normal SNG that I’m personally not terribly fond of: the bubble. (Bubbling after having a chip lead entering the bubble has happened to me so many times, and it SUCKS.) But some players do really enjoy the tension of the bubble, like to use it to bully and steal blinds, etc. If that is true of anyone here, please speak up! We should lock this down before we play next Wednesday, IMO, rather than sort of endlessly fiddling with it.
A number cruncher friend gave me this breakdown:
For five players:
1 31%
2 22%
3 18%
4 15%
5 14%
For nine:
1 21%
2 15%
3 12%
4 11%
5 10%
6 9%
7 8%
8 8%
9 7%
Wait, how do we account for rebuys?
Hmm, I thought there would be more separation between the players in the lower half, but when you put it in this format I see there’s not really much. I guess this invalidates my theory that it would give short stacked players incentive to hang in there early in the game.
I was thinking of dividing their points by √2 each time they rebuy. So one rebuy would mean they get ~71% of their final points, two rebuys would be 50%, etc. Luckily this doesn’t affect the result of the last game because the rebuy option was broken.
That makes sense.
Yeah, counterintuitively it almost looks like it incentivizes really going for first place or bust, since it’s only first place that provides a significant advantage over other finishing positions.
You all are making this way too complicated. Spreadsheets?
I’m just going to play to have something to do on Wednesdays, so you don’t need to figure out my stuff for the spreadsheet if it makes it easier for you.
Thanks for putting this spreadsheet together! I’m looking forward to another game this evening. Hopefully I can make my way to the top 
45 minutes until we “shuffle up and deal”! Still plenty of time for new members to sign up—see the OP for instructions, and make sure you say something here so I know I should approve you.
Congrats to SDMBmc (I think that’s @mikecurtis, right?) for his win tonight!
no new tournament or anything?
yea, thats me
woohoo!
I knocked out everybody but Manson!
And you weren’t even there for most of the first hour!
Sure, I’ll set up an 8-game tourney (“just for fun”). Give me a minute and it should be in the lobby.
Congrats @mikecurtis! Even though you didn’t play last week, you’re at 3rd on the leaderboard now. For me, it’s been 3 straight runner-up finishes so far, but that is enough to make me the leader by a very slim margin.
I play a little better when I’m not smashed 
When does that happen? 
Nice! I have always said in tournament play, runner-up is the efficiency sweet spot. You lose all your chips just like everyone else but the winner, but you get a decent payout simply for losing them more slowly than everyone else. The winner has to win all the chips to get only part of the prize pool–not very efficient.
ETA: We can also see that our system did make a difference in terms of punishing the weakest finishes–I assume if I hadn’t finished dead last this week, I would still be in the lead.
ETA2: @manson1972, this one is going to get canceled again if you don’t sign up quick!
LOL, rarely, but I took a nap after work today so my drinking before the game was limited.
Manson made it! Thirty minutes of late registration if anyone else wants to join.
Yep, some players get a payout quite disproportionate from the amount of effort they put in, just by staying out of the big fights. But I guess it could be considered luck, in a sense, to be dealt bad cards and fold, rather than to be dealt good cards against someone else’s great cards.
Even a fifth-place finish would’ve kept you in the lead, assuming my finishing position remained the same 
Reminder that the weekly tourney starts in just under 90 minutes (8 p.m. Eastern). And there’s another hour after that for late registration–IIRC last week’s winner joined us like 55 minutes in! Still plenty of time for new members to join up: just follow the instructions in the OP, and mention your PokerStars screen name here so I know to approve you.