1. We began with clocked tourneys and AVG- to players who ran out of time. Multiply the number of rounds by the minutes per round and you know exactly when you will finish (unless the Director adds a minute or two).
2. Players in clocked tournaments find that (for example) they pass out a board, claim at trick three on the second, and have nine minutes left on the clock. At a bridge club we would go get coffee or go out for a smoke or take a leak or something, but online this is A Major Problem. Why can't we just find someone else who is also finished and go ahead with the next round against them?
3. And thus it came to pass
4. The advantages of unclocked: you cannot lose a board to the clock, you can take extra time on a difficult hand, and you usually wait less time for new opponents than you would in clocked.
5. The disadvantages: replays (playing with/against the same partner/opponent/pair more than once, which results because the unclocked format matches players by their speed, which subdivides the field into smaller groups which you usually cannot escape from), the waiting time still necessary (often in the final group a board will be completed but you have to wait for a slow table to finish it before moving), and the long, sometimes very long, wait at the end for results if you are in a fast group.
6. One solution to the long-wait problem is to penalize players for taking extra time, which cannot be done by BBO yet, but my tournaments include a rating system on my web site, so I can change the order of finish before I compute the ratings, and dock the slow players some matchpoints. The result of this is that my tournaments (15 boards, 8 minutes per board) are always finished within 10 minutes of time. The problem of fast players finishing 30-40 minutes earlier remains though.
The initial question of this thread was why are there such long waits? The answer is that people play at different speeds. There are waits in clocked and in unclocked. As a player I prefer neither, but in a clocked tournament I am going to watch the clock a lot more, and in an unclocked tourney I leave at the end and check the result later instead of waiting for Joe Slow to finish making four overtricks in 3NT on a trump squeeze with 15 winners.
However, I did discover for the first time last night that I can claim for the slowest table when the result is obvious. This keeps things moving. But we're not going to find a permanaent solution for the waiting ever.

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