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Winnings(9 posts)

WinningsJimena
Mar 17, 2003 3:21 PM
I know very few of us have as our main objective winning prize money, so I'm not sure how important this is, but for a men's 123 race, if I only have $200 in prize money to give out to the top 8 places, how should that break down? No matter what, it's not very much money, but does this look reasonable:

1st = $70
2nd = $40
3rd = $30
4th = $20
5th = $15
6th = $12
7th = $8
8th = $5

or should it be more like

1st = $60
2nd = $35
3rd = $30
4th = $25
5th = $20
6th = $15
7th = $10
8th = $5

or even
1st = $50
2nd = $40
3rd = $35
4th = $25
5th = $20
6th = $15
7th = $10
8th = $5

I guess I'm wondering if you think the structure should be more heavily weighted toward rewarding the first place guy, or more evenly distributed? Is it dumb to give a guy a $5 check? Should the 6-8th places get more?
Do you HAVE to give 8-deep?shirt
Mar 17, 2003 3:31 PM
If you're limited with money but not places, I'd spread it over the top five.
yes -- It's advertised on the flier that way.Jimena
Mar 18, 2003 5:20 AM
Now I'm thinking:

50
35
30
25
20
18
12
10
What's the entry fee?TJeanloz
Mar 18, 2003 7:51 AM
Nothing chafes me more than winning a prize that is less than the entry fee. Assuming the fee is at least $10, the above scheme seems the most reasonable to me. But otherwise, I'd be tempted to weight it more top-heavily. The difference between 3rd and 5th or 4th and 8th is insignificant, the difference between 1st and 2nd is huge.

I would propose:

50
35
25
20
19
18
17
16
$25Jimena
Mar 18, 2003 10:45 AM
I like this one a lot, thanks.
From the USCF...B123
Mar 18, 2003 9:17 AM
USCF races with prizes over 2 grand have to be distributed as follows:

1st: no more than 27% of total prize
2nd: at least 1/2 first
3rd: at least 1/3 first
...1/4....1/5...1/6...1/7 to 20 places.

Of course the prize list isn't $2000. In the case of $200 thats roughly:

1: 50
2: 30
3: 20....

My feeling is that even the last placer should get enough to cover a majority of the entry fee....
From the USCF...Jimena
Mar 18, 2003 10:43 AM
Very helpful, thanks. I am expecting a field of 75, we'll be a little stretched if we give money to last place...:)
I think he means last money place -- 8th (nm)brider
Mar 18, 2003 1:50 PM
..
yepB123
Mar 19, 2003 4:42 PM