Score-based Prizes tournament

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  • Gary Hua
    replied
    Re: Score-based Prizes tournament

    Originally posted by Bob Gillanders View Post
    This is an interesting topic. I want to know more.
    I have heard of them doing this in US tournaments and would love to try it in Canada.

    But, before everyone gets the wrong idea, let's make one thing perfectly clear:
    THIS SYSTEM DOES NOT INCREASE THE TOTAL PRIZE FUND.
    It simply distributes the prizes differently.

    Gary, please enlighten us further.
    Originally posted by Bob Gillanders View Post
    This is an interesting topic. I want to know more.
    I have heard of them doing this in US tournaments and would love to try it in Canada.

    But, before everyone gets the wrong idea, let's make one thing perfectly clear:
    THIS SYSTEM DOES NOT INCREASE THE TOTAL PRIZE FUND.
    It simply distributes the prizes differently.

    Gary, please enlighten us further.
    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

    If you are at sole 4.5 points, you may win extra bonus of $ 200

    The benefits of this tournament are as follows :

    1. The prize money will not be shared. Currently, you may find your winnings shared by 6 players rendering your prize money to be very little left.
    2. It is GUARANTEED and not depends on number of entries
    3. Once you finish your game, potentially you can go home and not NOT have to wait for others to finish their games.
    4. It encourages players to go for a in than a quick draw. Wins hurt organizer and draw makes an organizer smile.
    5. Best part - If you know you can win 4 or 4.5 points or even 5 perfect points, your earnings could potentially be 4 to 15 times your entry fee.
    6. You dont have to care what is the total prize fund at all as a player or how it is going to affect the organizer.

    I hope I have answer most questions in this thread. Please let me know your thoughts after this explanations. Each sections winnings may be tweak a bit ( generally higher section will have a slightly better prize money ratio than the lower section ).

    Leave a comment:


  • Ben Daswani
    replied
    Re: Score-based Prizes tournament

    They have these in Chicago. I've played in one or two. You get a prize if you get a plus score. I prefer place-based prizes. You have less of a chance of winning a prize but even the smallest prizes are larger than the entry fee.

    Leave a comment:


  • Vadim Tsypin
    replied
    Re: Score-based Prizes tournament

    We had some exposure to an even more extreme variant, the so-called "Humble Pie format" popular in Rochester and other parts of Upstate NY.

    Although USCF-rated, these tournaments don't abide by Swiss pairing rules. Rather, each round there are random pairings between opponents in the same score group, and you can end up facing a particular opponent more than once during the same event.

    Players can enter and withdraw at any time, there is no notion of byes. Each game yields an instant prize. In a typical setup, an entry fee for one game is two tokens per side. A prize for a win is three tokens, a prize for a draw is one token; the rest of the fees collected goes to an organizer.

    An interesting experience, especially when the tokens are not simply exchanged for money but, say, are physical carnival buttons that serve as currency during larger festivities.

    Leave a comment:


  • Vlad Drkulec
    replied
    Re: Score-based Prizes tournament

    The advantage to such a system is that as soon as you finish you know what prize you have won and don't have to wait around for the last game to finish to know what prize you are entitled to. Apparently it is very popular in the U.S.

    Leave a comment:


  • Egidijus Zeromskis
    replied
    Re: Score-based Prizes tournament

    Originally posted by Erik Malmsten View Post
    6-0 wins it all? Or say $240.
    Where monies would go if nobody wins with the perfect or other prize score?

    Leave a comment:


  • Bob Gillanders
    replied
    Re: Score-based Prizes tournament

    This is an interesting topic. I want to know more.
    I have heard of them doing this in US tournaments and would love to try it in Canada.

    But, before everyone gets the wrong idea, let's make one thing perfectly clear:
    THIS SYSTEM DOES NOT INCREASE THE TOTAL PRIZE FUND.
    It simply distributes the prizes differently.

    Gary, please enlighten us further.

    Leave a comment:


  • Hugh Brodie
    replied
    Re: Score-based Prizes tournament

    Does anyone remember the "Ber-Lee" ("Ber" for Jonathan Berry) prizes that were given out at Ottawa tournaments (probably the 80's and/or 90's)? It would go to the highest score which didn't win a place prize. I don't remember if there was a tiebreak so that the prize wasn't split.

    Leave a comment:


  • Erik Malmsten
    replied
    Re: Score-based Prizes tournament

    It would be helpful to give an example. How about assume 10 players in a 6-rounder, $60 entry fee 100% to prize fund.

    1) $20 per win (30 games). Every player wins $20 per win, possibly draws not counting. If win all 6 get $120. Score 50%, win $60, your entry fee back.

    2) use plus minus score:
    6-0 wins it all? Or say $240.
    5.5-.5 wins $200.
    5-1 wins $160.
    4.5-1.5 wins $120.
    4-2 wins $80.
    3.5-2.5 wins $40.
    3-3 and below wins zero.

    Leave a comment:


  • Gary Hua
    replied
    Re: Score-based Prizes tournament

    Originally posted by John Brown View Post
    Can you give us a prize structure that you are thinking about. Is it like if I get 5 points I get "X" number of dollars and if there are 4 of us with 5 points we all get "X".
    How do you calculate"X".
    if say "X" is $300 and 4 have that score then you pay out $1200. Where does this money come from?
    Hi John thanks for your comments.appreciate that.

    The prize structure will be attractive enough. It will be structure well enough to be a win win situation for player and organizer. It's guaranteed and the system is based on Swiss pairing system. No catch whatsoever.

    If someone says no can you also let me know why no ? So that we can know the reasons so we can improve from there. Just trying to make things more attractive and interesting for chess players.

    Gary

    Leave a comment:


  • John Brown
    replied
    Re: Score-based Prizes tournament

    Can you give us a prize structure that you are thinking about. Is it like if I get 5 points I get "X" number of dollars and if there are 4 of us with 5 points we all get "X".
    How do you calculate"X".
    if say "X" is $300 and 4 have that score then you pay out $1200. Where does this money come from?

    Leave a comment:


  • Gary Hua
    started a poll Score-based Prizes tournament

    Score-based Prizes tournament

    12
    Yes
    8.33%
    1
    No
    25.00%
    3
    Maybe
    25.00%
    3
    Would like to know the prizes for the score based
    41.67%
    5

    The poll is expired.

    Hi Chess Players,

    1. What do you think if there is a chess tournament in GTA area or in Canada where the prize $$$ is based on score based and not on the place you achieve at the end of the tournament ?

    2. Will you play in this kind of tournament ?


    Score-based Prizes FAQ

    What are the advantages of score-based prizes for players?

    The prize for a given score is never shared. Therefore, your prize only depends on your performance. This is different than place-based prizes where things outside of the player's control affect how many people share a given prize.
    The prizes do not depend on the number of entries in a section. So, a low turnout in a section does not lead to lower prizes like in a based-on prize tournament.
    There is no need to wait for other games to finish to determine how much you have won. Once your game is over, you can receive your check.
    Players will be motivated to play for the win. Since the total of the prizes is always higher when the result of a game is decisive, the incidence of quick draws is less.

    What are the disadvantages of score-based prizes for players?
    In a smaller section it is harder to win every game and earn the largest prize than it is to come in first. But a large section will require a near perfect score to come in first. So the difference for a large section is small. Note that the reason the prize for a perfect score is large is because it is hard. With place-based prizes, a small section would not be able to support a large prize.
    You can't just draw games when everyone else draws games. If only place mattered, draws on all the top boards in a section would not really affect your prize chances.
    Last edited by Gary Hua; Tuesday, 15th August, 2017, 05:44 AM.
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