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Bournemouth £1000 |
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Buckster_uk
Moderators
Joined: 15-Mar-2006
Posts: 1967
From: Surrey
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Posted: 2007-08-24 12:53
Is that a yes or no to all the entry fees will be paid out in prize money?
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Riggers
Home away from home
Joined: 30-Mar-2006
Posts: 4454
From: Barnsley (centre of the universe)
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Posted: 2007-08-24 13:02
I agree. So far it says it's 32 players at £50 a throw (£1600) and the prize money being paid out is only £1200 in total with just £100 for the runner up. If that's the case please cross my name off. [ This message was edited by: Riggers on 2007-08-24 13:22 ]
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BigDave
Forum User
Joined: 13-Mar-2006
Posts: 11008
From: England
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Posted: 2007-08-24 13:24
I think it's £400 retained from the payout, but nevertheless I can see what you are concerned about. I've spoken to Mark about this and there are many precedents for entry fees being greater than pay-outs. Small entry tournaments like this often have to pay "green fees" in the States, charity tournaments often attempt to raise funds this way for good causes, tournament Director's fees and referees can reduce payouts too. In this particular case, it's my understanding that he will be replacing the cash removed with prizes from the sponsors (Bunjee Cues) and utilising the relatively modest amount raised to kick start the national roll-out of the Bunjee UK Cash Leagues - something that everyone here could benefit from. I'm sure Mark will clarify this. p.s. Pro9 is also guilty in adding to the drain on the prize fund cash by receiving a half price entry for our promotional services - that's business! -----------------  Authorised Pro9 forum advertiser/sponsor [ This message was edited by: BigDave on 2007-08-24 13:26 ]
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thecyclone
Home away from home
Joined: 15-Aug-2007
Posts: 331
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Posted: 2007-08-24 13:56
Thank you big D, also the trophy advertizement and tickets cost money, the prizes are quality prizes and far exceed the retained money.
there are not many comps you can win something if you go out first round and money if you win four rounds! with a field of players that are varied half are local fun players.
if you are money driven then hold a satelite with a ticket 8 runners all put in £10 winner takes ticket plus £30.
just trying to make pool fun
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BigDave
Forum User
Joined: 13-Mar-2006
Posts: 11008
From: England
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Posted: 2007-08-24 14:22
I've just had another chat with Mark and his argument is very persuasive. Uniquely, there REALLY are physical tickets for this event??? You can take a direct entry, then win three matches to get your money back and give yourself a chance to win a grand! If you don't want to pay £50 direct entry you can transfer the ticket after holding a satellite event between yourself and 7 friends, say a tenner entry. That way the winner gets his entry for a mere tenner, and he has an extra £30 to go towards expenses. I think it's a unique opportunity to support the event at the grass roots level, give yourself a chance to win a grand, and help get a national league system started as a by product. Incidentally, the Trophy for the winner really sounds like something special... Can you imagine being the victor holding up this gorgeous picture frame affair, filled with £1,000 worth of £50 notes? That's a photo opportunity I can't miss! This event WILL go ahead with a full field entry - Mark will hold the satellites himself if necessary, nobody minds paying £5 or £10 for a chance do they? Heck, five friends could put their tenners in a pot and draw straws.Go on, give it a go!  ----------------- Authorised Pro9 forum advertiser/sponsor [ This message was edited by: BigDave on 2007-08-24 14:26 ]
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Riggers
Home away from home
Joined: 30-Mar-2006
Posts: 4454
From: Barnsley (centre of the universe)
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Posted: 2007-08-24 15:33
This is an interesting topic... i.e. the concept of an organisor holding back £400 and using it to start a new league, which will benefit us all. That all sounds very worthwhile but unfortunately in my experience pool players in the UK are naturally suspicious and always assume someones making an easy buck when they see a percentage of entry fees being retained. In this case it's a whopping 25% of a relatively small field which is most unusual. As is the concept of having to get to the semi final to get your money back and get to the final if you want to be in profit.
In my case due to travel arrangements (and I accept this is not typical because I live so far away) even if I came runner up I would be very much out of pocket. Now I don't mind that because I don't enter for the money, I enter for the challenge and a good weekend away. But I appreciate how some may be put off by it.
I hope it does get good support and the new league is a success too. I'll still go if there are others going from my area who will travel with me.
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BigDave
Forum User
Joined: 13-Mar-2006
Posts: 11008
From: England
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Posted: 2007-08-24 15:57
In a market that's having as much trouble getting sponsorship as we seem to be, this model is pretty similar to the Poker World Series I think, and they play for huge amounts with no sponsorship going to the prize fund at all. It's also similar to the IPT strategy, but without the exclusively large entry fee. I think the IPT needed to be supported at this level of entry fee originally, with local league players playing for fivers to get into the £50 tournament - then the winner of the £50 tourney winner (£1,000) playing in what was the IPT qualifiers etc. [ This message was edited by: BigDave on 2007-08-24 15:58 ]
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thecyclone
Home away from home
Joined: 15-Aug-2007
Posts: 331
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Posted: 2007-08-25 11:32
Winner Breaks, First to 9 .the final first to 11
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thecyclone
Home away from home
Joined: 15-Aug-2007
Posts: 331
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Posted: 2007-08-25 17:41
this is fun try it!! simpsonizeme.com----------------- Im the best and even if you beat me im still the best [ This message was edited by: thecyclone on 2007-08-25 17:42 ]
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Pool-Ace
Home away from home
Joined: 04-May-2006
Posts: 174
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Posted: 2007-08-25 18:57
I don't understand why pool players object to tournament organisers making money. After all without them taking the time and effort to organise an event you all wouldn't have any comps to play in.
Anyway, Big Dave's point about poker is a good one. I'm sure many pool players play a lot of online poker tournaments and aren't bothered in the slightest that the site takes a cut of the entry fee.
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Buckster_uk
Moderators
Joined: 15-Mar-2006
Posts: 1967
From: Surrey
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Posted: 2007-08-25 19:41
Poker tournament fees include both an entry fee and an additional fee which goes to the administration, all entry fees go into the tournament prize fund.
I think on average the admin fee is about 10% of the total entry fee.
I wouldn't mind too much paying an extra £5 which goes to admin costs, but from what I can see, 20-25% of entry fees are coming out of the tournament fund, just seems quite a lot.
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WORTHY
Quite a regular
Joined: 08-Jan-2007
Posts: 59
From: cheshire
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Posted: 2007-08-25 20:45
I thought it was illegal to take more than 10% of the entry fees out of a poker tournament anyway!
With pool all the entry fees should be paid out at the very least.If organisers want to make money it should be taken out of any sponsorship generated not out of entry fees.
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Buckster_uk
Moderators
Joined: 15-Mar-2006
Posts: 1967
From: Surrey
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Posted: 2007-08-25 20:52
Yeah ok probably got the wording wrong there
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WORTHY
Quite a regular
Joined: 08-Jan-2007
Posts: 59
From: cheshire
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Posted: 2007-08-25 21:34
I totally agree with you Chris taking 25% out of a tournament is a joke.
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thecyclone
Home away from home
Joined: 15-Aug-2007
Posts: 331
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Posted: 2007-08-28 10:32
I agree making 25% is a joke... however its not what im doing. 25% is not retained its managed back into the comp via trophy and adverts posters tickets...etc small green fee is retained to kick start a money league that i run for free also! the comp is set to be a good event whos in???? happy cueing all! .....Clone ----------------- Im the best and even if you beat me im still the best [ This message was edited by: thecyclone on 2007-08-28 10:33 ]
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Buckster_uk
Moderators
Joined: 15-Mar-2006
Posts: 1967
From: Surrey
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Posted: 2007-08-28 15:06
Fair enough.
But I still don't understand the concept of using entry fees from a single tournament which players are competing in to win back, and then invest a portion into another venture which has nothing to do with the tournament.
As far as I am concerned they are two different entities and shouldn't really have any connections.
Ok, using some of the entries to cover admin costs including posters, tickets etc I understand, but using this money to invest in a completely seperate project just seems wrong to me.
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thecyclone
Home away from home
Joined: 15-Aug-2007
Posts: 331
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Posted: 2007-08-28 19:12
its simple you have a total value in this case 32 tickets this eaquals £1600 one ticket was half price to pro9 £1575 total Minus prize fund £350 total minus Advertizement posters tickets trophy for THIS comp, plus the cost of the prizes ie set of tv pro cup balls,nice cues,key rings,etc...actualy comes to a lot more than £350!! (attend the A.G.M for actual accounts) im trying to make people look at pool and want to play it this comp is an advert for a league that will be very good to all that will play in it cash prizes and cues not only to the winners! i have spoken to bunjee (main man)and we are trying to organise for the league winners to have a play off in Canada against his winners. i love this game and have been playing for over 22 years, i am trying to keep it positive!! if you want the money in money out lots of rounds before a return this is not it. and the other thing is there is not a field of top players or a handicap. its tremendous value. probably the best opportunity to make a grand most of you will get. Clone..............can we keep pool possitive. ----------------- Im the best and even if you beat me im still the best [ This message was edited by: thecyclone on 2007-08-28 19:14 ]
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Blackref
Home away from home
Joined: 27-Aug-2006
Posts: 179
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Posted: 2007-08-28 21:44
When is the A.G.M meeting Clone
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thecyclone
Home away from home
Joined: 15-Aug-2007
Posts: 331
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Posted: 2007-08-29 09:06
it was a joke...there isnt even a committe yet!
only myself and nigel, but if you want to represent the league in your area we will give you the date of our first one.
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Blackref
Home away from home
Joined: 27-Aug-2006
Posts: 179
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Posted: 2007-08-29 19:14
please do. there are some players over portsmouth way might be interested in playing.
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