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*** Feedback Needed: New Ready-go Payout Options ***

Sun, Jun 22 2014 7:19 PM (117 replies)
  • dedBuNNy
    1,919 Posts
    Thu, May 15 2014 2:50 PM

    Humans like the positive reinforcement of winning (even if the winnings are less than the entry) and are therefore more likely to spend $ on more expensive balls to be more competitive.

    That would be the positive reinforcing of the addicted gambling personality disorder sweet spot. Give them back just enough to make them think they can tip into the 'win' percentage and get it back from the 'house'.

    Been the backbone of the casino industry since well, since forever.

     

  • bhoese
    679 Posts
    Thu, May 15 2014 2:51 PM

    BolloxInBruges:

    I think paying 30 is a nice sweet spot.  Not to degrade players but the weaker competition that are actually depositing funds on WGT are the ones they want playing them.  If they never even sniff a cash they aren't going to deposit to play ready gos for long (which is the reason wgt wants to pay more spots I'd assume). 

    Another thing to keep in mind for the people saying "wgt will never lower the rake" is that rake is just one facet of the revenue created by RGs.  If more people are playing ready gos that is more people burning up expensive balls and watching advertisements.  Humans like the positive reinforcement of winning (even if the winnings are less than the entry) and are therefore more likely to spend $ on more expensive balls to be more competitive.

    This is spot-on.  I'd add that it's not only WGT that needs contributors to the kettle.  There aren't any winners without losers, and the formula that gets the most players into games is the best for everybody.

    Those who are asking for a larger share to the top finishers are, in the long run, asking for slower-filling RGs that are more difficult to win.  

    The best existing example is the monthly premium tournaments.  If you do the math, you'll see that WGT heavily subsidizes those events, that is, the payouts are larger than the entry fees that are collected.  They've been like that for a while, and therefore are a terrific long-term play:  One 3rd place finish in a monthly Multi-round Open puts you ahead for over four years.  There's also the entertainment value of playing with thousands of credits on the line.  They're great tournaments.

    But almost nobody plays them.  Players look at the relatively small chance of winning anything and move on to something else. 

    I'm all for anything that gets more players into RGs, even if it means reduced payouts at the top.   Perhaps 30 really is the "sweet spot", and if so, then leave it as-is.  But I really doubt that top-heavier structure would work.

  • BolloxInBruges
    1,389 Posts
    Thu, May 15 2014 2:59 PM

    bhoese:

    But almost nobody plays them.  Players look at the relatively small chance of winning anything and move on to something else. 

    I think there are likely a lot more entries than you'd suspect(otherwise WGT would no longer offer them).  Myself if I am say -8 thru 14. and -15 is 3rd place, I'm not going to bother wasting another dozen hits on an expensive ball with no realistic expectation of a return.

  • bhoese
    679 Posts
    Thu, May 15 2014 3:22 PM

    BolloxInBruges:

    bhoese:

    But almost nobody plays them.  Players look at the relatively small chance of winning anything and move on to something else. 

    I think there are likely a lot more entries than you'd suspect(otherwise WGT would no longer offer them).  Myself if I am say -8 thru 14. and -15 is 3rd place, I'm not going to bother wasting another dozen hits on an expensive ball with no realistic expectation of a return.

    In last month's TL multi-round, there were 67 players who completed the 1st round, 58 thru the 2nd, and 46 thru the 3rd.  If the WD rate is steady (and I think that's a stretch, since the degree of hopelessness is higher later), it's extremely unlikely that any more than 80 players entered.  That's 8000 cr coming in and 22,500 going out.

    But why are we arguing?  we basically agree on the main point.

  • BolloxInBruges
    1,389 Posts
    Thu, May 15 2014 3:26 PM

    Ahh my bad!   I misread your post I thought you were referring to the premium tiered 18 hole tournament.

  • bhoese
    679 Posts
    Thu, May 15 2014 4:15 PM

    Actually, I was.  The TL tier had 28 finishers, so it would have needed 77 WDs to break even.  That seems hugely improbable to me, but it's more a matter of pure conjecture, so I skipped that part.

    In any event, I'm certainly not making an argument against lower rakes!  Oh no!  Just top-heavy payouts.

  • Steve2golf
    930 Posts
    Thu, May 15 2014 5:20 PM

    Paying a rake as well as expensive ball usage is overkill, double dipping etc, 20% is far to rich, I go with Sams option as well.

  • mmyers0
    478 Posts
    Thu, May 15 2014 9:13 PM

    chrisironsbones:

    Well, we could have a ready go league (pyramid system) like the football league.

    Now that's the best idea I've heard yet.

  • 0000rb3
    270 Posts
    Thu, May 15 2014 9:58 PM

    SOYEL1:
    I hate when 5 or 6 tie for first place and 1st takes almost twice the amount. I understand there has to be a winner, but with a second that could have been a first, sucks.If there isn't a CLEAR winner, like by 1 stroke, then I think it should be more even.

    I also think this is a bit bogus. We can't shoot a sudden death scenario, so if 4 players are tied for top score, then 1st-4th prize money should be added then divided (as it is for any other ties) and equal shares given to each player.

    Give 'em all Diamond tournament standing trophies, and give them equal shares of the pot for ALL shooting the same score. The countback system is flawed anyways. I have shot the exact same round as another CC member (we compared cards) and the only reason I placed first..that we could come up with...is that my WGT name comes before his. Where's the fairness in that.

    If a #1 must be crowned...give it to the first to shoot the score

  • BolloxInBruges
    1,389 Posts
    Thu, May 15 2014 10:10 PM

    That is the final tiebreaker 0000b3, if the cards are identical whoever posted it first wins.

     

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