So my friend wants to start a poker league in our group. He’s fairly new to poker and came up with the scoring system and payouts but I don’t think they are ideal and I can’t find much info on the web about how others go about this. There will be nine of us meeting twice a month, 50 bucks a month(first game 20, 2nd game 30 etc.). He wants to score 3 points to the winner, 2 to second, and 1 point to 3rd. Also has the idea for every other match there are no payouts and all that money pools up for the final table. For the final match we will award 35% of the pooled money to the person with the highest score, 20% to 2nd, 10% to third and a bit of money to whoever elimanted the most players. Anybody out there have a better setup than this?
Also it will be 4 months long, forgot to mention that.
So, to summarize....two tournaments per month for four months, or eight events total for a fixed group of nine players, or a maximum of 72 entries (assuming full participation of all players). At $50 per month per player, that's a maximum total of $1800 invested ($200 per player) over a four month period.
There are many ways to skin the poker league cat, but here are a few suggestions regarding your proposal:
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Make every league tournament identical.
That means the same buy-in, the same $$ pay-outs, the same league points pay-outs, the same game/structure, and the same field size (within reason).
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Implement a league fee which is paid up-front.
With only 9 players, you have little room for dealing with shrinking fields if players start dropping out. Charging an up-front league fee gets the players invested before play even starts, making it more likely that they will continue playing through the end. If exceptionally large, the fee can be the entire end-of-league prize pool. If relatively small, a percentage of each event entry can be added to the end-of-league prize pool.
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Implement an awarded points and cash pay-out system that is a) skill-based, b) based on field size, and c) easy to understand.
A skill-based points system is highly preferrable to an attendance-based system, imo. I strongly feel that participation awards have no place in a competitive poker environment. Basing it on field size ensures that points are fairly awarded regardless of the number of players present, and making it relatively easy to understand allows plays to get vested and follow along as the season progresses.
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Determine the make-up of the end-of-league prize pool, and the specifics of how that prize pool will be used.
Some leagues award the prize pool to the top point finishers after the league events have completed. Others hold a final table event after the league has completed (usually for qualified players only) and award the prize pool to the top finishers in that final event. And other leagues do both -- paying half of the prize pool to the top point finishers, and half to the final table's top finishers. In general, with a small fixed number of players, it makes more sense to forego the final table concept and just award the prize pool to the league's top point finishers.
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Determine the percentage of each event's entry fee (if any) that is deducted and will become part of the end-of-league prize pool.
This can range from a relatively small amount (~10%) which places more emphasis on the individual league events, up to larger percentages (~50%) which places more of a premium on long-term consistently good play. With a $200 investment over four months (plus a league fee, if any), it's up to you and your players to determine how the money gets re-distributed from event buy-ins to league finishes.
Personally, I'd do the following in your case:
-- $50 league fee (100% to league prize pool)
-- $25 event fee ($10 to league prize pool)
-- each event pays top 3 (55%-30%-15% rounded to nearest $5, or $75-$40-$20 for 9 players)
-- league prize pool pays top 3 in league points - should be $1170 with full participation (60%-30%-10%, or $700-$350-$120)
-- award event points as follows:
1st = T+1 points, where T=tournament size
2nd = F-4 points, where F=first place points
3rd = F-7 points
4th = F-T points
5th-9th = 0 points
So a full tournament field of 9 players awards 10-6-3-1 points for 1st-4th. Deduct one point from each place for every player short of a 9-player field (so 8 players awards 9-5-2-0, 7 players awards 8-4-1-0, 6 players awards 7-3-0-0, etc.).
This point system rewards better high finishes, and never awards points to the bottom half of the field.