Quote:
Originally Posted by Mr.JR
Poker tournaments need to have a consistent payout structure.
I have been working on this idea for a couple of month now and think I have come up with a neat formula to achieve this goal. It uses a logametric scale based on the field size. What I am seeing now, is that most tournaments pay way too much to 1st place when field sizes exceed 1000 players.
The PCA event for 2010 actually paid a reasonable amount to 1st based on the 1529 players. However, it was a bit inconsistent on the rest with places 2-5 paying too much, 6-24 too little, and 25-176 too much.
Here is a consistent alternative assuming you want to pay 1st 2.2 mil and the min. cashers 15k, and pay 224 players:
PCA 2010 Actual Alternative Difference
1 $2,200,000 $2,200,000 $0
2 $1,750,000 $1,624,563 -$125,437
3 $1,350,000 $1,209,036 -$140,964
4 $1,000,000 $906,895 -$93,105
5 $700,000 $685,673 -$14,327
6 $450,000 $522,572 $72,572
7 $300,000 $401,489 $101,489
8 $201,300 $310,976 $109,676
9-10 $150,000 $242,849 $92,849
11-12 $130,000 $191,218 $61,218
13-14 $115,000 $151,822 $36,822
15-16 $100,000 $121,559 $21,559
17-20 $87,500 $98,155 $10,655
21-24 $75,000 $79,937 $4,937
25-32 $66,000 $65,665 -$335
33-40 $59,000 $54,408 -$4,592
41-48 $52,000 $45,479 -$6,521
49-56 $45,000 $38,352 -$6,648
57-64 $38,000 $32,632 -$5,368
65-72 $33,000 $28,019 -$4,981
73-80 $28,000 $24,273 -$3,727
81-112 $23,500 $21,223 -$2,277
113-144 $20,000 $18,728 -$1,272
145-176 $17,500 $16,682 -$818
177-224 $15,000 $15,000 $0
% to 1st 14.83% 14.83%
% Final 9 54.62% 54.64%
% Paid 14.65% 14.65%
Entries Paid More: 19
1529 Paid Fewer: 203