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Too much dilution

Posted By: Bill Riles
Date: Wednesday, 29 May 2013, at 8:24 p.m.

In Response To: Too much dilution (neilkaz)

I agree totally, Neil.

We've had a number of people comment about the entry fees in San Antonio and I always attempt to explain the rationale.

In San Antonio we had essentially zero local players -- essentially everyone travelled to the city and stayed in the hotel.

So, perhaps -- counting travel, hotel, food, and entries -- the average Advanced player invested a $1,000 and the average Championship player invested $2,000.

If we raised our entries $50 in the Advanced and $100 in the Championship (above an assumed ABT average of $150 and $300, respectively) then we could increase our prize pools by 33% while increasing the expenditure of the typical player by only 5%. Recognizing this great leverage, we raised the entries as we did. This enabled us to have significantly higher payouts and let a number of players cover their expenses, or more -- even in the Advanced Division. This oftentimes is not possible at many tournaments, particularly for players travelling from out of town.

As I said in a post earlier today (or maybe yesterday), some tournaments (such as LA and Chicago) have a high percentage of local players -- where in San Antonio we had, essentially, no local players. For many local players the entry fee vs payout leverage does not exist. So, different considerations must be employed.

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