atomiktoaster
Full House
Also someone mentioned not doubling the blinds on level 2, so I would need to go from 25c/50c to 50c/75c right?, which would call for 3 quarters to call the blinds no (so 24 quarters on the table if everyone calls)?
Seems like tossing in a $1 and pulling 25c of someone else's stack before everyone has moved their chips into the middle tedious no, or am I missing something? Sorry for the dumb questions.
A cash game shouldn't have levels. If you decide to raise your stakes because the game is growing or whatever, 50c/$1 is the next level to move to.
If you want to experiment with a tournament format, you can use the same cash chips to save yourself from purchasing a second set. Just to distinguish the two scenarios, your 25c chip would play as a T25, and you'd have at least $1 = T100 and $5 = T500 chips. You wouldn't have use these names with your players, but they will help us keep the two game types straight. Mixing tournament and cash play with the same chips on the same night is a bad idea for lots of reasons, so don't do that. If you really have to, make sure you do a complete chip count before switching to cash.
With a T25 as the smallest chip, the most common tournament setup would start each player with a T10,000 stack (which will look like $100 if it was a cash game). A smaller stack will really hurt the game in terms of allowing less interesting play (ideal strategy will become fold/shove pre-flop very quickly).
Here's a nice T10k structure, borrowed from @ChipTalker and at least moderately approved by @BGinGA
For a structure like that, you need at least T100,000 in bank, but probably more if you want to be flexible (rebuys or deepstack nights). That's $1000 in bank, if you do the conversion.