Monopoly parties and tournaments can be great fun. You can invite any number of friends over for a night or afternoon of frivolity and property trading. For Monopoly parties, break out the punch and the board, and have a great time.
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Decide whom to invite to your party. Make a list of those whom you want to invite, and send them invitations or give them a call. In the days leading up to the Monopoly party, you might want to give them a little party favor by purchasing a new Monopoly board and giving away your old Monopoly tokens to them one at a time, asking each player to bring their token to the game party.
Play by the traditional rules or make up your own rules. It's often fun to make up non-traditional Monopoly rules when you're hosting a Monopoly party. One fun way to do this is to separate out all the properties and divvy up the properties to start out with. Make sure no player has a monopoly and that each set of properties is as equal as possible. Put these property sets in envelopes and pass them out when the game is set to begin.
Limit the time per game at a party. Monopoly games have the potential to go on for hours if not days. If you limit the time for each Monopoly game to about 60 or 90 minutes, you can count each player's net worth and establish a winner at the end of each round.
Give out prizes to the winners. Have small door prizes for the players who win each round. You can make smaller prizes for certain games and larger prizes for games later in the evening.
Plan for plenty of food and drinks. Have plenty of Monopoly food available. This includes snacks and finger foods. Ask each of your guests to bring a plate of something to make your job as chef less rigorous.