Some Payout Information
I've had a couple people ask me about payouts, so I'm posting this to provide some more detail.
Biggest Bass is a one spot payout. Big Fish pays up to five spots. Red/white/blue splits the optioners into three fields and pays the top team in each of the three fields. Options pay back 100%.
The entry fees pay back approximately 81%, but approx 11% of that goes to fund the team of the year from our region ($775 last year) and to fund the divisional classic, resulting in approx 70% payout at the tourney. An example, if we have 20 boats, approximate payouts for entry fees will be: 1st $700, 2nd$ 500, 3rd $395, 4th $225. These payouts are based on a one in five scale that is provided to me by American Bass. So, a total entry of $2600 (20 boats) with payout of approx $1820 = 70%, plus the approx 11% that goes to the classic and to the region anglers of the year.
I have added a weekend team anglers cash prize as well. I had been thinking that I would either pay $400 to the top team for the weekend or $250 to team #1 and $150 to team #2. As of right now, I have decided to go with the $250/$150. This is added money I obtained and I'm sending back into the mix. That pushes the "at tourney" payouts back toward 80% each day, getting closer to 90% for the total payout. I really want as much money as reasonable to go back to the winners.
Also, there is no entry fee for the classic once you qualify -- I wanted to state that again so it is clear. Just email me if you have any other questions on this.


0 Comments:
Post a Comment
<< Home