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.
