What’s a good pay out formula for a local tournament 100% payout 1 spot paid for every five entries. 30$ buy in. How would the pay percentage adjust for every additional paid place.
example
100% for 1 paid place (bad turn out)
70/30 for 2 paid places (10-14 entries)
60/40/20 for 3 paid places (15-19 entries)
Etc. does anyone have a good proven method ?
I’m gonna start putting on a working man’s and want something that’s fair and that works.