Tourney Single table payout structure. (2 Viewers)

[renegadegatorman]

I'm going to be hosting my first tournament for my friend group that has been playing cash games regularly for the past two+ years. It's going to be single table 9-10 players and I'm struggling on the payout structure. I know it may seem high for STT but I'd like to payout top three that way some of the less skilled players are incentivised to participate.

For a top three payout what percentage of the prize pool should go to first, second, and third place?

 

[NotRealNameNoSir]

Top 3 isnt too high at all, good for you. That will be fun.

Out of 10, pay top 3 out of total prize pool:
3rd is 20%
2nd is 30%
1st is 50%

if its a single table, another offer is 3rd gets their money back, and 2nd gets half of whatever 1st makes. Thats the payout my group has settled on, they like a more top heavy game with less thinking.

 

[renegadegatorman]

Out of 10, pay top 3 out of total prize pool:
3rd is 20%
2nd is 30%
1st is 50%

That certainly makes the most sense, I just wasn't sure what was considered "the norm." Thank you

 

[springbox]

Anywhere from top 10% to 25% is normal, typically a STT pays more places than a MTT. For a small home game, paying 1/3 seems fine. If you had 15 entranty, for example, I probably would pay 4 not 5 though.

 

[links_slayer]

Out of 10, pay top 3 out of total prize pool:
3rd is 20%
2nd is 30%
1st is 50%

if its a single table, another offer is 3rd gets their money back, and 2nd gets half of whatever 1st makes. Thats the payout my group has settled on, they like a more top heavy game with less thinking.

both of these are very good options, imo

 

[stuamurr]

Depending on the format I usually pay 4 spots on a 10 handed STT with a flattened out pay structure, my last game was £30 + £10 add-on (10 entries, 10 add-ons) and paid out (£400 prizepool)
1st - £150
2nd - £110
3rd - £80
4th - £60
The flatter pay structure discourages deals a bit and I find creates a more sociable/friendly game rather as the prizepool being top heavy which in my experience encourages a more aggressive in the money environ, which is fine when your not at the table with 9 of your friends.

 

[BGinGA]

For small home tournaments, common payouts typically range from 20% to 33% of field size, so paying 2 or 3 players in a 9-10 player field is certainly within the acceptable norm.

When paying 2 players, common payouts are 70%/30%, 65%/35%, or 60%/40%.

When paying 3 players, common payouts are 60%/30%10%, 55%/30%/15%, or 50%/30%/20%.

Personally, I tend to use the middle option in both cases.

 

[renegadegatorman]

Depending on the format I usually pay 4 spots on a 10 handed STT with a flattened out pay structure, my last game was £30 + £10 add-on (10 entries, 10 add-ons) and paid out (£400 prizepool)
1st - £150
2nd - £110
3rd - £80
4th - £60
The flatter pay structure discourages deals a bit and I find creates a more sociable/friendly game rather as the prizepool being top heavy which in my experience encourages a more aggressive in the money environ, which is fine when your not at the table with 9 of your friends.

I'm just a little confused what you mean by flat pay structure. Is it just a flat percentage? I like the idea of paying out top 4, makes sense for a game among friends.

 

[allforcharity]

50%/40%/30%.

You probably meant 50/30/20

 

[renegadegatorman]

For small home tournaments, common payouts typically range from 20% to 33% of field size, so paying 2 or 3 players in a 9-10 player field is certainly within the acceptable norm.

When paying 2 players, common payouts are 70%/30%, 65%/35%, or 60%/40%.

When paying 3 players, common payouts are 60%/30%10%, 55%/30%/15%, or 50%/40%/30%.

Personally, I tend to use the middle option in both cases.

I think I'm gonna go with the 55/30/15 for my first tourney, if the players don't like it I could always change it for the next one.

 

[TexRex]

I typically did last paid place either got it's money back, or a little bit more for larger tournaments.

An alternate to 50/30/20 is 3/2/1 ratio. That offers more separation between 3rd and 2nd.

I developed a payout chart in increments of $5. I sort of based it on a 5/4/3/2/1 payout, but set it up so that 1st never took less (in actual payout) when there was another payout spot. When you add a payout spot, someone getting a payout is going to get less than a 1 player smaller tournament. I'd always make those the lowest payout slots.