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Opinions on Payout structure

  • 15-09-2008 6:50pm
    #1
    Get In There
    Registered Users Posts: 679 ✭✭✭


    As per title of the thread, I'm looking for opinions on the proposed payout structure. I’m running a tournament with 80 players max and we wish to pay the top 10% of the field. The buy in is €63 + 7 and I am hoping to get some feedback on the payout structure before I circulate it to the players that have registered.


    Place – Percentage – Payout*




    1st: 30% €1,512
    2nd: 20% €1,008
    3rd: 12% €605
    4th: 10% €504
    5th: 8% €403
    6th: 6.5% €328
    7th: 5.5% €277
    8th: 4.5% €227
    9th: 3.5% €176


    100% €5,040*




    *Payout based on 80 players x €63 = €5,040


    There will be 10 players at each table as we start. As the structure pays 9 players, I was thinking it would be better if we played down to 9 players, so that everyone at the final table would be paid..


    Suggestions and opinions would be very welcome.


    Thanks in advance.


Comments

  • #2
    BIG-SLICK-POKER
    Registered Users Posts: 4,418 ✭✭✭BIG-SLICK-POKER


    Fine well spread out ( Make it easier on yourself and just round them off)

    Neill


  • #3
    bohsman
    Registered Users Posts: 8,881 ✭✭✭bohsman


    Round the prizes off so that youre not stuck giving out coins.


  • #4
    DAMO72
    Registered Users Posts: 1,802 ✭✭✭DAMO72


    round all the figures down and you can pay 10th €60 . the breakdown is fine otherwise


  • #5
    BIG-SLICK-POKER
    Registered Users Posts: 4,418 ✭✭✭BIG-SLICK-POKER


    bohsman wrote: »
    Round the prizes off so that youre not stuck giving out coins.


    Was editing when u wrote , Great minds think alike . See u in Killarney Oscar will be in touch this week . U are running one of the events

    Neill


  • #6
    CelticPhantom
    Banned (with Prison Access) Posts: 218 ✭✭CelticPhantom


    A prize breakdown that I would consider fair would be based on the table below. Note that I would also round the numbers to the nearest €10.

    Players|<7|8-20|21-30|31-40|41-50|51-100|101-150|150+
    Places
    1st|66.67%|50.00%|45.00%|40.00%|34.00%|30.00%|12.50%|9.52%
    2nd|33.33%|30.00%|25.00%|24.00%|20.00%|20.00%|11.67%|9.05%
    3rd| |20.00%|17.50%|16.00%|15.00%|12.50%|10.83%|8.57%
    4th| | |12.50%|12.00%|10.00%|9.00%|10.00%|8.10%
    5th| | | |8.00%|7.50%|8.00%|9.17%|7.62%
    6th| | | | |6.00%|6.50%|8.33%|7.14%
    7th| | | | |5.00%|5.00%|7.50%|6.67%
    8th| | | | |2.50%|4.00%|6.67%|6.19%
    9th| | | | | |3.00%|5.83%|5.71%
    10th| | | | | |2.00%|5.00%|5.24%
    11th| | | | | | |4.17%|4.76%
    12th| | | | | | |3.33%|4.29%
    13th| | | | | | |2.50%|3.81%
    14th| | | | | | |1.67%|3.33%
    15th| | | | | | |0.83%|2.86%
    16th| | | | | | | |2.38%
    17th| | | | | | ||1.90%
    18th| | | | | | | |1.43%
    19th| | | | | | | |0.95%
    20th| | | | | | | |0.48%


    Based on 80 players paying €63 into the prize pool this would give prize breakdown as follows :

    Place|%|€|........|Your %|Your €
    1st|30%|€1,520| |30%|€1,512
    2nd|20%|€1,010| |20%|€1,008
    3rd|12.5%|€630| |12%|€605
    4th|9%|€450| |10%|€504
    5th|8%|€400| |8%|€403
    6th|6.5%|€330| |6.5%|€328
    7th|5%|€250| |5.5%|€277
    8th|4%|€200| |4.5%|€227
    9th|3%|€150| |3.5%|€176
    10th|2%|€100| | |
    |100%|€5,040| |100%|€5,040


    Note that this should not be taken as gospel. I too would like feed back on the values in the table above.

    Sometimes tournament pay a "flatter" structure to ensure that more money is given to the people in lower places. In this case I would skim some money in order to ensure that 10th place gets at least twice their buy in. i.e. 10th = €130 - Let 1st = €1,500, 2nd = €1,000.

    As it is our numbers are fairly similar, so you could go with your intial idea and just round the numbers to the nearest €10.


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  • #7
    Mont
    Banned (with Prison Access) Posts: 482 ✭✭Mont


    CelticPhantom wrote: »
    A prize breakdown that I would consider fair would be based on the table below. Note that I would also round the numbers to the nearest €10.

    Players|<7|8-20|21-30|31-40|41-50|51-100|101-150|150+
    Places
    1st|66.67%|50.00%|45.00%|40.00%|34.00%|30.00%|12.50%|9.52%
    2nd|33.33%|30.00%|25.00%|24.00%|20.00%|20.00%|11.67%|9.05%
    3rd| |20.00%|17.50%|16.00%|15.00%|12.50%|10.83%|8.57%
    4th| | |12.50%|12.00%|10.00%|9.00%|10.00%|8.10%
    5th| | | |8.00%|7.50%|8.00%|9.17%|7.62%
    6th| | | | |6.00%|6.50%|8.33%|7.14%
    7th| | | | |5.00%|5.00%|7.50%|6.67%
    8th| | | | |2.50%|4.00%|6.67%|6.19%
    9th| | | | | |3.00%|5.83%|5.71%
    10th| | | | | |2.00%|5.00%|5.24%
    11th| | | | | | |4.17%|4.76%
    12th| | | | | | |3.33%|4.29%
    13th| | | | | | |2.50%|3.81%
    14th| | | | | | |1.67%|3.33%
    15th| | | | | | |0.83%|2.86%
    16th| | | | | | | |2.38%
    17th| | | | | | ||1.90%
    18th| | | | | | | |1.43%
    19th| | | | | | | |0.95%
    20th| | | | | | | |0.48%


    Based on 80 players paying €63 into the prize pool this would give prize breakdown as follows :

    Place|%|€|........|Your %|Your €
    1st|30%|€1,520| |30%|€1,512
    2nd|20%|€1,010| |20%|€1,008
    3rd|12.5%|€630| |12%|€605
    4th|9%|€450| |10%|€504
    5th|8%|€400| |8%|€403
    6th|6.5%|€330| |6.5%|€328
    7th|5%|€250| |5.5%|€277
    8th|4%|€200| |4.5%|€227
    9th|3%|€150| |3.5%|€176
    10th|2%|€100| | |
    |100%|€5,040| |100%|€5,040


    Note that this should not be taken as gospel. I too would like feed back on the values in the table above.

    Sometimes tournament pay a "flatter" structure to ensure that more money is given to the people in lower places. In this case I would skim some money in order to ensure that 10th place gets at least twice their buy in. i.e. 10th = €130 - Let 1st = €1,500, 2nd = €1,000.

    As it is our numbers are fairly similar, so you could go with your intial idea and just round the numbers to the nearest €10.


    Paying out 1st place between 9% and 13% for a tournament that has more than 100 people is horrendous - 1st place should get a minimum of 25% no matter how many are playing - we should reward the winners and not the losers - people are getting too miserly regards payouts, preferring flatter payouts - fair enough 10% getting paid but i would like to think there is a massive difference between coming 10th and coming 1st


  • #8
    zuutroy
    Registered Users Posts: 6,854 ✭✭✭zuutroy


    Mont wrote: »
    i would like to think there is a massive difference between coming 10th and coming 1st

    who can flip better? :P


  • #9
    ElectraBlue
    Registered Users Posts: 338 ✭✭ElectraBlue


    CelticPhantom wrote: »
    Based on 80 players paying €63 into the prize pool this would give prize breakdown as follows :

    Place|%|€|........|Your %|Your €
    1st|30%|€1,520| |30%|€1,512
    2nd|20%|€1,010| |20%|€1,008
    3rd|12.5%|€630| |12%|€605
    4th|9%|€450| |10%|€504
    5th|8%|€400| |8%|€403
    6th|6.5%|€330| |6.5%|€328
    7th|5%|€250| |5.5%|€277
    8th|4%|€200| |4.5%|€227
    9th|3%|€150| |3.5%|€176
    10th|2%|€100| | |
    |100%|€5,040| |100%|€5,040


    Note that this should not be taken as gospel. I too would like feed back on the values in the table above.

    Sometimes tournament pay a "flatter" structure to ensure that more money is given to the people in lower places. In this case I would skim some money in order to ensure that 10th place gets at least twice their buy in. i.e. 10th = €130 - Let 1st = €1,500, 2nd = €1,000.

    .

    It's a decent pay out for a €70 tournament!


  • #10
    bohsman
    Registered Users Posts: 8,881 ✭✭✭bohsman


    Having the same payout structure for 50 and a 100 people is terrible aswell, no way would I pay 10 in a 50 runner tourney.


  • #11
    CelticPhantom
    Banned (with Prison Access) Posts: 218 ✭✭CelticPhantom


    Mont wrote: »
    Paying out 1st place between 9% and 13% for a tournament that has more than 100 people is horrendous - 1st place should get a minimum of 25% no matter how many are playing - we should reward the winners and not the losers - people are getting too miserly regards payouts, preferring flatter payouts - fair enough 10% getting paid but i would like to think there is a massive difference between coming 10th and coming 1st
    Just looking at the prizes for first place. There is a massive drop after 50 runners:eek:
    bohsman wrote: »
    Having the same payout structure for 50 and a 100 people is terrible aswell, no way would I pay 10 in a 50 runner tourney.
    Would you pay 8 in a 50 runner tourney?


    Thanks for the feedback lads. I will revisit this and try to streamline (unflatten) the payouts better. Hopefully have this up later on today.


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  • #12
    CelticPhantom
    Banned (with Prison Access) Posts: 218 ✭✭CelticPhantom


    Latest breakdown :

    Players|<7|8-20|21-30|31-40|41-50|51-60|61-70|71-80|81-100
    Places
    1st|66.67%|50.00%|45.00%|40.00%|37.50%|34.50%|33.00%|32.50%|32.00%
    2nd|33.33%|30.00%|25.00%|24.00%|23.00%|22.00%|21.00%|20.75%|20.50%
    3rd| |20.00%|17.50%|16.00%|16.00%|15.00%|14.00%|14.00%|13.50%
    4th| | |12.50%|12.00%|11.00%|10.00%|10.00%|9.25%|9.00%
    5th| | | |8.00%|7.50%|7.50%|7.00%|7.00%|6.50%
    6th| | | | |5.00%|6.00%|6.00%|5.50%|5.25%
    7th| | | | | |5.00%|5.00%|4.50%|4.25%
    8th| | | | | | |4.00%|3.50%|3.50%
    9th| | | | | | | |3.00%|3.00%
    10th| | | | | | | | |2.50%


    This would give :
    Place|New %|New €|....|Old%|Old€|........|Your %|Your €
    1st|32.50%|€1,630||30%|€1,520| |30%|€1,512
    2nd|20.75%|€1,050||20%|€1,010| |20%|€1,008
    3rd|14.00%|€710||12.5%|€630| |12%|€605
    4th|9.25%|€460||9%|€450| |10%|€504
    5th|7.00%|€350||8%|€400| |8%|€403
    6th|5.50%|€280||6.5%|€330| |6.5%|€328
    7th|4.50%|€230||5%|€250| |5.5%|€277
    8th|3.50%|€180||4%|€200| |4.5%|€227
    9th|3%|€150| |3.5%|€176
    10th|| | |
    |100%|€5,040| |100%|€5,040||100%|€5,040


    You could also skim from 1st, 2nd and 3rd if you want to pay 10th place.
    I.E. 1st = €1,600, 2nd = €1,000, 3rd = €700, 4th = €450 and 10th = €100.


  • #13
    bohsman
    Registered Users Posts: 8,881 ✭✭✭bohsman


    CelticPhantom wrote: »

    Would you pay 8 in a 50 runner tourney?

    Depends on my angle, if I want people playing a cash game after, yes the more the merrier. Ideally Id always pay 10% but I know a lot of players want more paid so Id usually pay 12% or so - anything under 100 runners would be 10%+1 paid.


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