The Games Club .5K Tournaments

[The Games Club]

I'm currently wokring on the feasability on running a series of events with a significant cash prize and am looking for opinions on the two options detailed below.

Your comments (keep them constructive and on topic) will help to work out whether this type of event should become a regular(ish) part of The Games Club's event calendar.

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Option 1
Format: Standard
Structure: N Rounds of Swiss + Top 8 Playoff
Entre Fee: £20

Option 2
Format: Booster Draft (2 Drafts)
Structure: Draft - 3 Rounds Swiss - Draft - 3 Rounds Swiss + Top 8 Booster Draft Playoff
Entry Fee: £35

Prize Payout (both options)
1st = £250*
2nd = £150*
3rd = £50*
4th = £50*

*Prize Payout will depend on the number of players. The figures above are based on 50 players, 64 players would increase the prize payout to £640 and 32 players would reduce the prize payout to £320.

It is unlikely that there will be any form of product based prizes.

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[Florian Esser]

Too bad, I won't be there to take part in any event.
Generally I think it is an awesome idea and there are many different routes to make it absolutely attraktive. Should be attractive enough to get the non-regular crowd (as Londonites at the games club would probably move to the nice hotel, of there were a draft every day).

The problem I see is just, that you pay 35 quid entrance fee, but you expectation is just 10 quid of cash prices. And this is just if you are an average player. The bad player will expect much less and thus not even take part in the tourney at all. This makes the former average the bad player, who won't be willing to pay too much for no price. In the end you might just end up with a few people who believe they are really good.
Or, people are just irrational, overconfident or they come for stupid things, such as "having fun" ;).

[Amidu]

if you top 8, £35 is cheaper than the 3 drafts you get.

Florian Esser said:

Too bad, I won't be there to take part in any event.
Generally I think it is an awesome idea and there are many different routes to make it absolutely attraktive. Should be attractive enough to get the non-regular crowd (as Londonites at the games club would probably move to the nice hotel, of there were a draft every day).

The problem I see is just, that you pay 35 quid entrance fee, but you expectation is just 10 quid of cash prices. And this is just if you are an average player. The bad player will expect much less and thus not even take part in the tourney at all. This makes the former average the bad player, who won't be willing to pay too much for no price. In the end you might just end up with a few people who believe they are really good.
Or, people are just irrational, overconfident or they come for stupid things, such as "having fun" ;).

[Florian Esser]

But who top 8s? Of the presumably 50 people, 42 won't and they will get naught.

Amidu said:

if you top 8, £35 is cheaper than the 3 drafts you get.

Florian Esser said:

Too bad, I won't be there to take part in any event.
Generally I think it is an awesome idea and there are many different routes to make it absolutely attraktive. Should be attractive enough to get the non-regular crowd (as Londonites at the games club would probably move to the nice hotel, of there were a draft every day).

The problem I see is just, that you pay 35 quid entrance fee, but you expectation is just 10 quid of cash prices. And this is just if you are an average player. The bad player will expect much less and thus not even take part in the tourney at all. This makes the former average the bad player, who won't be willing to pay too much for no price. In the end you might just end up with a few people who believe they are really good.
Or, people are just irrational, overconfident or they come for stupid things, such as "having fun" ;).

[Tom Reeve]

Well, they still get 2 drafts.

Florian Esser said:

But who top 8s? Of the presumably 50 people, 42 won't and they will get naught.

Amidu said:

if you top 8, £35 is cheaper than the 3 drafts you get.

Florian Esser said:

Too bad, I won't be there to take part in any event.
Generally I think it is an awesome idea and there are many different routes to make it absolutely attraktive. Should be attractive enough to get the non-regular crowd (as Londonites at the games club would probably move to the nice hotel, of there were a draft every day).

The problem I see is just, that you pay 35 quid entrance fee, but you expectation is just 10 quid of cash prices. And this is just if you are an average player. The bad player will expect much less and thus not even take part in the tourney at all. This makes the former average the bad player, who won't be willing to pay too much for no price. In the end you might just end up with a few people who believe they are really good.
Or, people are just irrational, overconfident or they come for stupid things, such as "having fun" ;).

[Dan Barrett]

So basically, you're complaining that not everyone can be a winner.

Surely that is part of the risk of entering the tournament?

You are paying to play x rounds and for the venue as well, remember.

[Amar Dattani]

I am a big fan of this idea.
I would play in this even if only top4 got money. I understand what Jason is saying that he doesn't want someone losing out on tiebreakers not getting boosters but remember the top8 are also getting an extra draft.

[Rob Wagner]

Love it, love everything about it!

[Florian Esser]

I am absolutely not complaining about anything.
I am just mentioning things that might be worse to be kept in mind, since if you don't, you might just lose a lot of money which is probably not in noone's interest.
(note that I said "might")

Dan Barrett said:

So basically, you're complaining that not everyone can be a winner.

Surely that is part of the risk of entering the tournament?

You are paying to play x rounds and for the venue as well, remember.