Things that need to be done:
Buy an entry, Table size, Select which mini event, Onscreen score card, Submit score/review video.
2) Script to end an event once the entries are full and then restart a new event.
3) Data base set up for these tournaments.
**Things we have already and can use:
1) Modules: Buy an entry, Table size, Onscreen score card, Submit score/review video
Less paper work for taxes
Players playing tax free
Players peace of mind by having a predetermined pot
Easier to maintain
More money for us
More videos to review (payouts within 48hrs)
These minis have the best odds of winning money. Limited fields and pays
more places. Best of all, no taxes for the players!! Each tournament will be played until they are full. Tournaments range for 20 entries-200 entries. The number under the mini event in corresponds with the number of entries in that event.
Mini-1 Mini-2 Mini-3 Mini-4 Mini-5 Mini-6
(20) (40) (60) (80) (100) (200)
Info and my opinion:
We will make the same amount on this as we would having having progressive pots. Actually we will make more for the simple fact we will get more people playing faster. The payouts being posted at the start of the event is simple marketing to appeal to customers. We make the same amount of money per entry and there will be no payout until the tournament is full. Once it is full and the event ends the system will auto generate a new event to take the place of the previous one. “We are staring at the valve at the base of a water tower that is filled with liquid gold. We just have to open that valve. I think the mini tournaments are the key to getting the people.”
What it will take to get this working:
The webrtc, score sheet and handicap system will not change at all
Make the events have a certain number of entries, and start a new one once filled
Make thumbnails to show the payout for each event
Create the buttons to enter the event
All payouts will be under $600 (NO 1099’s)
Re-promote the site and stand back