You can play with $5's worth of chips; you're just going to have nickel/dime/quarter/dollar denominations.
I would say a 4-6 player game probably has a 50% pre-flop rate, on average.
I'd take Q#o on a hand-by-hand basis, call with A#s, raise with # paired.
Half the pot is a standard-level continuation bet, showing some interest in/commitment to the hand without tipping off that you've hit anything big... unless you're playing off your opponent. A full-pot bet would typically be either a bluff or an announcement of a strong hand/attempt to take leadership of the betting for the rest of the hand.
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