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Old 08-17-2011, 12:01 PM   #4
TooSaucedToPork
is one Smokin' Farker

 
Join Date: 09-23-09
Location: Buffalo NY
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Quote:
Originally Posted by Jimmy & The Squealers View Post
What is fair payout of prize money vs your entry fee? Would you enter a contest that pays out less than fifty percent of the entry fees based upon 50 teams entering?
I understand that organizers must make money, but some events seem to pay out a higher percentage of entry fees then others.
I'd say they use 100% of it on prizes but 80% is the lowest IMHO, the more money that can be won, the more teams (and well known teams) you will draw to a comp.

If you use 100% and split it like this:

With 20% of the standard $250 entry fee ($2500) going to Trophy construction and administrative costs

And 80% of 50 teams standard $250 entry fee you get a prize pool of $12500

You could have a $1000 Peoples Choice
$2000 GC
$1000 RGC

AND IN EACH OF THE 4 CATAGORIES
1ST - $750
2ND - $500
3RD - $350
4TH - $200
5TH - $75
6-10 - $50

Just my opinion...and we all know everyone has their own...
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