D
Dark Army
Enthusiast
Silver Level
Do we need to consider how much the buy-in is compared to what the pay-out is for the position that we are most likely to finish in?
For example: Let's say I play 100 tournaments. I look at my finishing results in all 100 of them and figure out that on the average I'm finishing in the top 7% (This might be way off, but I'm just creating an example.)
Because I know that I'm likely to finish somewhere in the top 7%, I then figure out exactly which spot is at the 7% cutoff.
400 people in tournament x 0.07 = 28th place.
Since the tournament costs $55 to buy-in and on the average I won't finish worse than 28th place, should the prize for 28th place be at least $55 in order for me to justify playing?
I understand that because of late registrations it's hard to determine just how many people will be in the tournament. But still, we can estimate it.
For example: Let's say I play 100 tournaments. I look at my finishing results in all 100 of them and figure out that on the average I'm finishing in the top 7% (This might be way off, but I'm just creating an example.)
Because I know that I'm likely to finish somewhere in the top 7%, I then figure out exactly which spot is at the 7% cutoff.
400 people in tournament x 0.07 = 28th place.
Since the tournament costs $55 to buy-in and on the average I won't finish worse than 28th place, should the prize for 28th place be at least $55 in order for me to justify playing?
I understand that because of late registrations it's hard to determine just how many people will be in the tournament. But still, we can estimate it.