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BGonline.org Forums
+1 (long)
Posted By: neilkaz In Response To: pay-out and entry fees (Chiva Tafazzoli)
Date: Saturday, 25 May 2013, at 3:21 p.m.
Chiva wrote, "I am also a big fan to paying one prize per 8 players of a field."
As am I.
But for an event like the Giants invitational I am OK with paying 4 places when there's 16 players since we played BG all day the previous in the Olympiad format to qualify. When you do that much "work" I don't mind being paid for it.
Another reason 4 places were paid is that it is in brochure and more than 16 players were expected and hoped for.
It may seem nice to some to pay all 8 qualifiers, but that really seems to diluted.
Lets assume the entry was 1 and there was no rake. If we pay 8 places out of 16, we have to pay 40/20/10/10/5/5/5/5 and LOL, those in 5th thru 8 places only get back 0.8 which is less than their entry fee of 1, so what's the point?
But it payed for places as I think is good for 16 player Masters events.
Now it returns 50/25/12.5/12.5 and the prizes are 8,4,2,2. So in my case being a losing semi-finalist I get a prize of 2, which is double my entry fee and would seem to be worthwhile.
But what if it paid only 2 places? 66.7% and 33.3%. Then the winner gets 10.667 and 2nd place 5.333. However, I do think that the eventual winner of this event or most 16 player masters will be quite happy getting a prize of 8 and a nice trophy and the title and second place will be happy with 4.
Another reason I like paying 4 when there's a full 16 in Masters is that Masters is a single elim event. But I also have no problem paying just 4 when Masters has 32.
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