Score-based Prizes tournament

[Gary Hua]

Re: Score-based Prizes tournament

I am personally hopeful that this may work out. The figures may be tweak here and there but the main objective is there. I have played in this kind of tournament in US and they are really well organized and value for money. I just want to duplicate their system into Canada. Good things should always be followed isn't it ?

We may start the first tournament at the end of the year ( before Hart House ) if everything goes as planned otherwise we will start in 2018. We hope chess players will support our tournament without which our tournament will fail badly.

Detail planning is in progress now. More updates on this tournament will be made known in the near future. We are also looking at suitable venues right now to accommodate 100-200 players ( in mind )

Looks like most players are looking at the prizes before they make their decision ( which is perfectly fine ). I will be quite disappointed if any players just say no to our tournaments without even looking at the benefits that the tournament provides.

I have organized a couple of tournaments in Mississauga and always believe in providing the best for the players / parents. Improvement in organizing and exceeding players' expectation has always been my objective in organizing tournaments. Without well organized tournaments, the attendants will naturally drop and the tournament will fail. Ultimately, customers satisfaction is of utmost important.

Gary Hua

[Gary Hua]

Re: Score-based Prizes tournament

After another month of planning, I think we are close to announce this tournament. No announcement yet and details will come later hopefully end of this week or next week.

This will be the first time that we will have a score based prize tournament in Canada ( not dependent on your placing )

Mark this date - Feb 2-4, 2018 with the options to play in a 2 days or 3 days. You can play in either 2 or 3 days and also the option to re-enter again if you did badly in round 1 under the 3 days option. The two groups of players will merge together in round 3. It will be a 5 rounds Swiss tournament.

Stay tuned for more updates.

Gary Hua

[Caesar Posylek]

Re: Score-based Prizes tournament

I personally prefer to know the prizes for the score based.

[Gary Hua]

Re: Score-based Prizes tournament

I personally prefer to know the prizes for the score based.

Details coming out very soon.

Meantime - the dates are Feb 2-4, 2018. You can either play 2 days or 3 days tournament. Players from the two groups will merge together in round 3. You can re-enter as well if you play badly in round 1 of the 3 days but you have to pay the re-entry fees.

The prizes should be pretty attractive and a couple of sections as well.

Mark the dates. It will be held in Oakville and called Oakville Open. First regular rated Chess tournament in Oakville. We do hope Chess players/parents will support our first tournament. If things go smoothly, we will have our second one in Toronto in mid 2018. Our tournament director is an IA and tournament will start promptly.

We believe in giving the best to the chess community.

Stay tuned for more updates

Gary Hua

[John Brown]

Re: Score-based Prizes tournament

Gary Just post the flyer when you have it.

[Erik Malmsten]

Re: Score-based Prizes tournament

Hi Everyone, lets give an example as below :

Weekend tournament over 5 rounds

1. Entry fee - $ 99

2. Winnings

2.1 5 points ( perfect score ) - $ 1,500
2.2 4.5 points - $ 700
2.3 4 points - $ 350
2.4 3.5 points - $ 150
2.5 3 points - $40

Each sections winnings may be tweak a bit ( generally higher section will have a slightly better prize money ratio than the lower section ).

Looking at this again it violates an old rule for prize funds: the lowest prize should equal getting the entry fee back.

So a model (depending on number of entries, prize fund can be finalize by the end of round 3):

5 $1200
4 $600
3 $300
2 $200
1 $100

[Gary Hua]

Re: Score-based Prizes tournament

Looking at this again it violates an old rule for prize funds: the lowest prize should equal getting the entry fee back.

So a model (depending on number of entries, prize fund can be finalize by the end of round 3):

5 $1200
4 $600
3 $300
2 $200
1 $100

1. That would have meant the prize $$$ is based on number of entries ( which obviously we would not want that to be )

2. The $40 is treated as consolation rather than getting nothing. The 3 points in higher section is not easy to get and thus a consolation prize even though it is lower than entry fee. If it is based on placing, how often it happens that when the prize money is shared, sometimes you only gets $ 15 - 30 which is obviously also lower than your entry fees ? For lower section, 3 points may not earn you anything. It is not the same prize money for every section as the it is much harder to get the same number of points compared to lower section.

[Victor Plotkin]

Re: Score-based Prizes tournament

This is a new idea for me, so I tried to calculate the numbers. Obviously, the most important factor is the probability of a draw in the game. Organizers want more draws to reduce the prizes.

1. Model A. No draws at all. For one player X we have:

5 points - chances 1/32 - win 1500.

4 points - chances 5/32 - win 350.

3 points - chances 10/32 - win 40.

So, player X wins 1500/32 + 350*5/32 + 40*10/32 = 3650/32 = 114.

In this model organizers lose 15 dollars per player (entry fee is 99).

2. Model B. 1/3 for a win, 1/3 for a draw, 1/3 for a loss.

5 points - chances 1/243 - win 1500

4.5 points - chances 5/243 - win 700.

4 points - chances 15/243 - win 350.

3.5 points - chances 30/243 - win 150.

3 points - chances 45/243 - win 40.

So, player X wins 1500/243 + 5*700/243 + 15*350/243 + 30*150/243 + 45*40/243 = 16550/243 = 68 $.

In this model organizers make 31 $ per player.

[Erik Malmsten]

Re: Score-based Prizes tournament

This is a new idea for me, so I tried to calculate the numbers. Obviously, the most important factor is the probability of a draw in the game. Organizers want more draws to reduce the prizes.

1. Model A. No draws at all. For one player X we have:

5 points - chances 1/32 - win 1500.

4 points - chances 5/32 - win 350.

3 points - chances 10/32 - win 40.

So, player X wins 1500/32 + 350*5/32 + 40*10/32 = 3650/32 = 114.

In this model organizers lose 15 dollars per player (entry fee is 99).

2. Model B. 1/3 for a win, 1/3 for a draw, 1/3 for a loss.

5 points - chances 1/243 - win 1500

4.5 points - chances 5/243 - win 700.

4 points - chances 15/243 - win 350.

3.5 points - chances 30/243 - win 150.

3 points - chances 45/243 - win 40.

So, player X wins 1500/243 + 5*700/243 + 15*350/243 + 30*150/243 + 45*40/243 = 16550/243 = 68 $.

In this model organizers make 31 $ per player.

I think Victor misunderstood. 5-0=5; 4.5-.5=4; 4-1=3; 3.5-1.5=2; and 3-2=1.

Assuming 100 players at $100 EF:

A
1x1500=1500
2x700=1400
9x350=3150
11x150=1650
19x40=760
Total PF $8360

B
1x1200=1200
2x600=1200
9x300=2700
11x200=2200
19x100=1900
Total PF $9200

Both PF are too high in this case if goal is PF to equal 70% of EF and risks going over 100% if two players score 5-0.

If no player gets 5, then there are 2 new 4.5s and A PF is $7960, B PF is $8900.

[Erik Malmsten]

Re: Score-based Prizes tournament

So, player X wins 1500/32 So, player X wins 1500/243 + 5*700/243 + 15*350/243 + 30*150/243 + 45*40/243 = 16550/243 = 68 $.

In this model organizers make 31 $ per player.

Using this equation with PF B = 79 $

The organizer receives for expenses 20 $ per player

[Erik Malmsten]

Re: Score-based Prizes tournament

Slightly lower prizes would be a safer $7360 PF:

C
1x1400=1400
2x600=1200
9x300=2700
11x100=1100
19x40=760