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BGonline.org Forums
NY High Roller Event
Posted By: Perry Gartner In Response To: NY High Roller Event (Stick)
Date: Sunday, 17 December 2017, at 11:41 a.m.
> Unless the tournament is providing (and paying for?) stations to record and stream matches for example I think any rake is excessive for this event.
>…in theory the reason the tournament runs the HR is to have a something special to it. Something that draws the strongest players in the world which in turns draws more of your average, every day player. You want the guys who would play in the HR to show up because they're good for your overall attendance, your bottom line.
>I'm talking about this specific event and no other. If you want to draw the best players in the world to a special event it helps to offer them something in my opinion.
I think it is reasonable to presume the HR event, attracting some of the best we have, does make the tournament more attractive to attend for the average player. But Bob’s point is well taken. How many more average players attend as a result? For some players it may be a factor, among others, and it may be difficult to discern, even by the player himself, if this factor was the incremental factor that made him choose this tournament in lieu of any other.
Is there sufficient basis for the tournament organizer to conclude that the number of average players attending because of the draw of experts offsets the cost of an additional day of the meeting room rental and staff, and pre-tournament work?
The HR event was held 2 years ago. It was not held last year. Each year generates new variables, like the economy, other options during the tournament time, and other ways to spend the needed funds. But let’s look at the difference in attendance to see what the outcomes were and see if they might offer support to Stick’s contention of the impact on attendance. 2016 had 70 open players. 2017 had 71. 2016 had 66 intermediates 2017 had 72. 2016 had 26 advanced beginners. 2017 had 19. 2016 had 18 beginners. 2017 had 16.
You would think any impact would be felt in the open and advanced fields but on the face of it didn't. The advanced beginners, and beginners where there was a drop in attendance, to a large extent if not 100% are local players, who generally don’t follow who are the best that play, and are not likely to be choosing this tournament over another because of the HR event is attracting some additional top players who otherwise would not attend.
If we were to tally up the net revenue impact of the gains and losses generated by the differences in the 2 years without consideration of which field the players played in it doesn’t look like one could conclude this difference is sufficient compensation for running the HR event.
Also, meeting room rates vary depending on the demand for specific dates. It is possible the room for the HR event to be extraordinarily high or low in cost. We have no idea what the difference in total expected expenses are vs revenue this year vs last. Net profit for the organizer for all of the events combined this year vs last year could be projected to be the same, lower or higher.
The point is the way for a consumer to judge a product is not to attempt to dissect the profit or loss the provider is making, but rather compare the product to others of the same kind. In that respect 5% is competitive as are the rakes for the other NY Metro events.
We don’t know yet the number of entries in the HR event this year. But 20 players 2 years ago is thought of by most members of our community as a success, so the organizer must have been doing something right to draw that many.
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