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Why not variable side pools?

Posted By: Mike Main
Date: Friday, 29 July 2011, at 2:12 a.m.

In Response To: Why not variable side pools? (Bob Koca)

Hi Bob,

So, assuming it’s a 64 player Tournament and all players have entered at at least $2.51 I think you’re calculating that if you win the tournament you’ll win 64 x $2.51 all of which are rounded up to $5.00 less a 5% rake which equals your prize fund. 64 x $5.00 = $320 – 5% = $304.

Hence the T.D. takes in $160.64, retains $8.032 and pays out $304 which means the T.D. makes a loss of $135.328. Under such circumstances organising Bg must qualify as a lousy career path.

Not sure who the “he” is that you refer to but I think you have misunderstood when the rounding bit happens. Here’s the way it really works:

64 x $2.51 = $160.64 – 5% rake ($8.032) = $152.608 which is then, and only then, rounded to the nearest 5 = your payout Sir in this VOP would be, if you win (highly possibly I grant you Bob) $150 not $304. Thanx for my $10.64, I’ll put it in my pension fund.

In summary: Nice try Bob but sorry Chum, your dastardly plan is flawed. However thanks for helping to highlight a potential problem and reinforcing my prior statement in this thread that “the T.D. needs to be fully on this ball if s/he introduces a VOP.”

I suggest you enter either the High or Medium Optional Pool where I think your skills and budget are better suited.

Kind regards,

Mike

Messages In This Thread

• Why not variable side pools?
  Art Grater -- Thursday, 28 July 2011, at 4:56 a.m.
  • Why not variable side pools?
    Stick -- Thursday, 28 July 2011, at 4:58 a.m.
    • Why not variable side pools?
      Art Grater -- Thursday, 28 July 2011, at 6:43 a.m.
      • Why not variable side pools?
        Justin N. -- Thursday, 28 July 2011, at 6:49 a.m.
        • Why not variable side pools?
          Art Grater -- Thursday, 28 July 2011, at 6:51 a.m.
          • Why not variable side pools?
            Stick -- Thursday, 28 July 2011, at 7:23 a.m.
            • Why not variable side pools?
              Michael Crane -- Thursday, 28 July 2011, at 7:58 a.m.
              • Why not variable side pools?
                Art Grater -- Thursday, 28 July 2011, at 8:06 a.m.
                • Why not variable side pools?
                  stw672 -- Thursday, 28 July 2011, at 9:25 a.m.
                  • Why not variable side pools?
                    Mike Main -- Thursday, 28 July 2011, at 12:36 p.m.
                • Why not variable side pools?
                  Michael Crane -- Thursday, 28 July 2011, at 9:56 a.m.
            • Why not variable side pools?
              Art Grater -- Thursday, 28 July 2011, at 7:59 a.m.
      • Why not variable side pools?
        Chiva Tafazzoli -- Thursday, 28 July 2011, at 8:22 a.m.
    • NEBC's variable side pools early 2000s
      mamabear -- Thursday, 28 July 2011, at 4:17 p.m.
    • Why not variable side pools?
      Phil Simborg -- Sunday, 31 July 2011, at 4:26 a.m.
  • Variable side pools and variable chouette stakes
    dlevy -- Thursday, 28 July 2011, at 2:29 p.m.
    • Variable side pools and variable chouette stakes
      Phil Simborg -- Saturday, 30 July 2011, at 1:03 p.m.
  • Why not variable side pools?
    David Rockwell -- Thursday, 28 July 2011, at 6:49 p.m.
    • Why not variable side pools?
      neilkaz -- Thursday, 28 July 2011, at 7:06 p.m.
      • Why not variable side pools?
        Chiva Tafazzoli -- Thursday, 28 July 2011, at 9:27 p.m.
        • Why not variable side pools?
          Steve Mellen -- Thursday, 28 July 2011, at 9:42 p.m.
          • Why not variable side pools?
            Bob Koca -- Thursday, 28 July 2011, at 9:50 p.m.
            • Why not variable side pools?
              Mike Main -- Friday, 29 July 2011, at 2:12 a.m.