For me, my method is like the OP's picture but with the free end cloved to my belay loop. When belaying a second I usually use a Münter on the master point. If the second is then going to lead the master point becomes the first redirect with the belay device on my harness.
It seems like while everyone might have their preference on their variation of the anchor in reality they are all just that, variations on the same concept.
(This post was edited by acorneau on Jul 11, 2012, 1:07 PM)
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Post edited by acorneau
() on Jul 11, 2012, 1:07 PM