High Stakes Tourney $4K guaranteed 1ST

(Topic ID: 204947)

High Stakes Tourney $4K guaranteed 1ST


By djreddog

10 months ago



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  • 31 posts
  • 15 Pinsiders participating
  • Latest reply 10 months ago by djreddog
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    #1 10 months ago

    Who is in? $100 entry fee. No coin drop. 50 players minimum to guarantee $4000 for First Place. Event will be held in either northern Delaware or Southern PA. Event is tentatively taking place in March if interest is high enough. Format would be 3 hours of qualifying with A and B divisions broken out after qualifying. If you want a chance to win $4000, post up. Winner would not take all. Based on minimum 50 entries, $4000 to first, $300 to second, $200 to third, $100 to fourth all for "A Division". "B Division" would pay $250 to first and $150 to second. More than 50 entries, the first place prize money for "A DIVISION" would increase. If I can't get enough interest the tournament will not happen.

    The premise behind this is that in addition to Pinball, I also compete in high entry pool tournaments and high entry bowling tournaments and usually once a month I can find a place within 2-3 hours of Delaware to go play in a high stakes pool tournament or bowl in a high stakes bowling tournament. So I thought why can't we have one of these tournaments for pinball. Let's see if we can make this happen.

    I would like to play in this tournament but only if I can find someone else to run the tournament.

    #2 10 months ago

    Great idea!
    I would be in if this was taking place closer to Florida.

    #4 10 months ago

    Well Levi, worst case I will battle you one on one, best of 7 format for like $200.

    #5 10 months ago

    This reminds me of “guaranteed payout Poker tournaments”. Typically in those events, the promise of a guaranteed payout is generally sufficient to build the field you need. It’s self-fulfilling for the most part since the lure of the prize brings people in. Slightly different dynamics, but similar in many ways.

    #6 10 months ago

    Winner takes all? What kind of buy in?

    #7 10 months ago
    Quoted from TKDalumni:

    Winner takes all? What kind of buy in?

    Sorry, I forgot to include that info. $100 entry fee. No coin drop. Winner would not take all. Based on minimum 50 entries, $4000 to first, $300 to second, $200 to third, $100 to fourth all for "A Division". "B Division" would pay $250 to first and $150 to second. More than 50 entries, the first place prize money for "A DIVISION" would increase.

    Added this info to the original post.

    #8 10 months ago

    Great idea.

    Good luck with it!

    rd

    #9 10 months ago

    A few more entries and it's a winner takes home a nib stern pro tournament.

    #10 10 months ago
    Quoted from Kneissl:

    A few more entries and it's a winner takes home a nib stern pro tournament.

    Cash is king.

    #11 10 months ago

    sounds good to me

    #12 10 months ago

    Have about 5 interested so far. Keep it coming folks. I would really like to see this happen.

    #13 10 months ago

    That seems way off... $4k to first, $300 to second. That's not at all how pinball or poker tournaments are structured.

    #14 10 months ago

    I don't play poker so I don't know those payouts. This tournament is being setup in a manner that allows first place to cash in. It's not your standard "spread the wealth" prize structure. Pool and bowling tournaments similar to this format happen almost every weekend, so I'm just throwing it out to the pinball world to see if we can get something similar going.

    #15 10 months ago

    Winner take all/ winner take most would be a tough sell to most people. The majority of potential players won't think they have a chance, and won't buy in, and the whole thing will flop.

    #16 10 months ago
    Quoted from djreddog:

    I don't play poker so I don't know those payouts. This tournament is being setup in a manner that allows first place to cash in. It's not your standard "spread the wealth" prize structure. Pool and bowling tournaments similar to this format happen almost every weekend, so I'm just throwing it out to the pinball world to see if we can get something similar going.

    FWIW - If I were local, I'd be out at this format. If I have a killer day, and took home 2nd (out of 50!), I risked $100 for a potential gain of just $200. That's nowhere near enough returns. Still have a really good day and come in 4th/50 and only break even will scare away a lot of people.

    As mentioned above, poker tournies and others stage the payouts a lot more evenly. 1st should get a bump, agreed, but 2nd shouldn't be NINETY THREE percent less.

    Standard 10 person tournies, top 3 paid, usually get a 50%/30%/20% of the payouts after expenses. There are many websites that will help scale whatever you want considering the amount of people and overall the prize pool.

    No matter the game, I'd just personally be out at $100 buy in, 50 spots, 4 paid... even if the game was trivia about my own child.

    But if you can get 50 in, more power to you.

    #17 10 months ago

    I think it would be interesting to have a tournament this size and have the payouts be to the top 4 only and payout based on the WPPRs distributed to those players. Take the top 4 and what their WPPRs were, and calculate their percentage based on that. Probably would make it closer to a 40/25/20/15ish payout. could be cool for a big money tournament.

    Could base the current year's payouts on the PY results so you are not waiting on the ifpa results to pay people out. Or you could wait, either way.

    #18 10 months ago

    My last tournament where I had Top 8 paid was broken out like below but obvious you can tweak as you will.
    35/25/15/5/5/5/5/5%

    Another option is to have Top 500 pay $100 and others pay less to enter, maybe $50-$60?

    #19 10 months ago
    Quoted from ZenTron:

    My last tournament where I had Top 8 paid was broken out like below but obvious you can tweak as you will.
    35/25/15/5/5/5/5/5%
    Another option is to have Top 500 pay $100 and others pay less to enter, maybe $50-$60?

    Not a big fan of "scrub discounts." They create a large pool of players who start to expect they will ALWAYS pay less to enter a tournament. $10 instead of $20, $5 instead of $15 etc. This became a real pain in the ass in NYC until some of us started working to reverse the trend.

    There's value in entering a tournament, even if you don't win. There's value in playing against "better" players than you, if you pay attention. And anybody can win these things. "B" divisions are a much better idea than wholesale scrub discounts.

    #20 10 months ago

    The payout tourneys I have seen succeed tend to do a payout for top 8 in A and top 8 in B.

    Have 48 people enter and each pay $100. After qualifying the top 24 move to A bracket playoffs and the bottom 24 move to B bracket playoffs.
    Payout/prizes to both brackets extend the fun factor for the B dividion people and also allows anyone in either bracket to realize they can hit the reset button after a bad qualifying round and still take home a prize with 1/3 of each bracket seeing some payout. Any event with a $100 buy-in will need to match the fun factor for the people seeding the pool which are not top 100 players. You can also incentivize this by having restrictions (i.e. top 500 must qualify for A of be eliminated from playoffs.

    A bracket payout of $4000
    1st > $2400
    2nd > $800
    3rd > $300
    4th > $200
    5th > $150
    6th > $75
    7th > $50
    8th > $25

    B bracket payout of $800

    1st > $300
    2nd > $200
    3rd > $100
    4th > $60
    5th > $50
    6th > $40
    7th > $30
    8th > $20

    #21 10 months ago
    Quoted from ZenTron:

    My last tournament where I had Top 8 paid was broken out like below but obvious you can tweak as you will.
    35/25/15/5/5/5/5/5%
    Another option is to have Top 500 pay $100 and others pay less to enter, maybe $50-$60?

    Same entry for all players. This is an "open" style format. When I shoot pool or bowl, it's all scratch, no handicapping of any nature. There are a few pool sharks around here that are intimidating because they win often, but it doesn't deter me from shooting in the tournament. In fact I would get more satisfaction out of winning the tournament against those pool sharks.

    #22 10 months ago
    Quoted from djreddog:

    Same entry for all players. This is an "open" style format. When I shoot pool or bowl, it's all scratch, no handicapping of any nature. There are a few pool sharks around here that are intimidating because they win often, but it doesn't deter me from shooting in the tournament. In fact I would get more satisfaction out of winning the tournament against those pool sharks.

    THIS GUY GETS IT!

    #23 10 months ago
    Quoted from Whysnow:

    The payout tourneys I have seen succeed tend to do a payout for top 8 in A and top 8 in B.
    Have 48 people enter and each pay $100. After qualifying the top 24 move to A bracket playoffs and the bottom 24 move to B bracket playoffs.
    Payout/prizes to both brackets extend the fun factor for the B dividion people and also allows anyone in either bracket to realize they can hit the reset button after a bad qualifying round and still take home a prize with 1/3 of each bracket seeing some payout. Any event with a $100 buy-in will need to match the fun factor for the people seeding the pool which are not top 100 players. You can also incentivize this by having restrictions (i.e. top 500 must qualify for A of be eliminated from playoffs.
    A bracket payout of $4000
    1st > $2400
    2nd > $800
    3rd > $300
    4th > $200
    5th > $150
    6th > $75
    7th > $50
    8th > $25
    B bracket payout of $800
    1st > $300
    2nd > $200
    3rd > $100
    4th > $60
    5th > $50
    6th > $40
    7th > $30
    8th > $20

    Pretty good recommendation. The first place prize can be lowered of course, however I wanted to throw out a number that would attract people and would be something different. On the flip side, it currently doesn't appear that pinball players have the same mentality as some of the bowlers and pool players and I get that. It's not for everyone.

    #24 10 months ago
    Quoted from Yoko2una:

    As mentioned above, poker tournies and others stage the payouts a lot more evenly. 1st should get a bump, agreed, but 2nd shouldn't be NINETY THREE percent less.
    Standard 10 person tournies, top 3 paid, usually get a 50%/30%/20% of the payouts after expenses. There are many websites that will help scale whatever you want considering the amount of people and overall the prize pool.
    No matter the game, I'd just personally be out at $100 buy in, 50 spots, 4 paid... even if the game was trivia about my own child.
    But if you can get 50 in, more power to you.

    I'm trying to buck the trend and do something different. I don't want a typical payout of 50/30/20. I want the top player to be rewarded with a nice chunk of cash, thus the high stakes title. In the end this may never happen in the pinball world and I'm OK with that. I just love to compete and even more so with money on the line. By the way I'm not a gambler either. I don't go to casinos, nor do I bet on sports, however I will always bet on myself.

    #25 10 months ago
    Quoted from djreddog:

    Pretty good recommendation. The first place prize can be lowered of course, however I wanted to throw out a number that would attract people and would be something different. On the flip side, it currently doesn't appear that pinball players have the same mentality as some of the bowlers and pool players and I get that. It's not for everyone.

    Pinball appears to be different in the fact that the top 50 or top 100 players are vastly different in skill level than the 100-500 or 1000-2000.

    Look at some of the meta data for all the big events around the country/world and you will see the same 30-50 names pop up as the top players in the majority of them.

    With pool and bowling there are plenty of VERY good players, people that have bowled multiple 300 games or awesome series. I think in that world the skill spectrum is tighter/ has more people at the truely top level. That means more people that at any given time really feel like they have a legit chance if today is their day.

    #26 10 months ago

    I'd rather keep my $100. No way I'm taking first place, so it's just a losing proposition for me.

    #27 10 months ago
    Quoted from Whysnow:

    Pinball appears to be different in the fact that the top 50 or top 100 players are vastly different in skill level than the 100-500 or 1000-2000.
    Look at some of the meta data for all the big events around the country/world and you will see the same 30-50 names pop up as the top players in the majority of them.
    With pool and bowling there are plenty of VERY good players, people that have bowled multiple 300 games or awesome series. I think in that world the skill spectrum is tighter/ has more people at the truely top level. That means more people that at any given time really feel like they have a legit chance if today is their day.

    This may very well be the case in pinball. Granted, I doubt this tournament will have a large percentage of the top 100 players in attendance. It's meant to draw from the Tri-State area and of course if people went to fly in for it, so be it. I recently played in a "local" tournament that had 39 entrants. Of those 39, we had about 5 players inside the top 500 and one of those players was Steve Bowden who was ranked #15 at the time. I finished second that day, and if it wasn't for a bad game on one pin I could have beaten him that day. I feel that way every time I play, and trust me I do not have major flipper skills at all. It's pure confidence.

    #28 10 months ago

    I'd be interested depending on the location & date. $100 for a day of pinball fun isn't bad if its 6-8 rounds then finals. Wiggling away from work for a day is the harder part for me.

    #29 10 months ago

    Currently have about 10 people interested. I'll see where this goes over the next week and then make a final decision. Hope this happens.

    #30 10 months ago

    I'd be in if I was closer.

    #31 10 months ago
    Quoted from Kneissl:

    I'd be in if I was closer.

    Train can have you here in a couple of hours

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