Hi, i’m planning on having a 35 player poker tournament. Buy-in will be $200 minus expenses (food and drinks).
I will for sure play in the tourney and will not pay but I am wondering, should i take a cut for all the work i’m putting into this? How much do you think?
Thanks!!
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it all depends…are you hosting this tournament at a business you work at? if so then yes it is illegal to do so….the law states that it is illegal for a company or anyone apart of it to make profits of a tournament that they are hosting….but if you are at your house or somewhere like that, then yes it is perfectly fine……for example, i know this guy who always plays a tournament at his local bowling alley, and the bowling alley gets none of the money, BUT they do profit off all the food and drinks…….so if you arent apart of any buisness hosting the tournament, then i’d say yes, take a precantage out of it, i would for sure!….lets see you got 35 people playing, times that by 200…is 7000….and i would say the top 4 people should get paid since there isnt alot of people playing…..1st should probably get paid around 3500, 2nd-1500, 3rd-750, 4-500…..then i would say that you should get the ramaining 750….hope that helps! and good luck! [=
Seriously? You plan on playing in a $200 buy-in tournament for FREE and you want to take a cut? Can you get any greedier? I’m not trying to sound mean, but I think your free buy-in is good enough compensation for hosting. Any extra beyond that will be determined by your luck and skill. Sorry if I sound offensive, but come on. You’re being offered a meal on a silver platter and you’re just asking to take the platter with you too.