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Walleye Fishing -> General Discussion -> Tournaments with less then a 50 percent payback
 
Tournaments with less then a 50 percent payback
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yes I would3 Votes - [5.36%]
no way53 Votes - [94.64%]

Message Subject: Tournaments with less then a 50 percent payback
endless
Posted 3/31/2005 6:40 PM (#30439 - in reply to #30368)
Subject: RE: Tournaments with less then a 50 percent payback


Me and quite a few others from the looks of the poll! Do you get your entry back in the payout if there is only a 20 boat field?
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endless
Posted 3/31/2005 6:42 PM (#30440 - in reply to #30368)
Subject: RE: Tournaments with less then a 50 percent payback


No, I guess you won't have to wrestle me and quite a few others from the looks of the poll! Do you get your entry back in the payout if there is only a 20 boat field?
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Matt D Unlogged
Posted 4/1/2005 4:28 AM (#30453 - in reply to #30368)
Subject: RE: Tournaments with less then a 50 percent payback


I think this is what everyone is talking about. For our club tournaments for this year we will be paying out to 25% of the field. If we have less than 31 boats in a division we will pay back 80% of the entry fees. At 32 boats we pay out 85% and at a full field of 40 boats in a division we pay back 90% of the entry fees received. That is all people are asking for and as Steve said a simple Excel spreadsheet can be used to figure out exact dollar amounts. I find it hard to belive that anyone would enter into a venture like this and not do all this before hand so that they could make sure they were going to make something off of it as they should make a profit for their work. I just don't understand what is so hard about sharing that info with the anglers?

Good luck with this.
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Percentage
Posted 4/1/2005 8:23 AM (#30461 - in reply to #30368)
Subject: RE: Tournaments with less then a 50 percent payback


I think if most of you look at tournament paybacks on the entry fees, the general rule of thumb is 80% for almost every circuit out here. Most of them pay 25% of the filed. That percentage number does not change no matter what the field size is. If 120 boats fish 80% of the entry fees are paid back. If 30 boats fish 80% of the entry fees are back.
I am not sure if you can fill in the exact number of who much will get paid or how deep it will get paid til you have the exact number of boats. I looked and the only two walleye circuits that payback over 100% on the pro entry fees is the PWT and FLW. These are also the only ones that pay deeper than 25% of the field. Same way in the bass world only two, BassMasters and FLW.
I think you guys are searching to hard into an event that is suppose to be fun and offer the opportunity to fish tournaments to all fisherman. Not many can play with the big boys of the big circuits. But we can play in the smaller events and the step ladder events like the MWC.

My .02 worth.
%%%%
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Gary Bowman
Posted 4/1/2005 4:33 PM (#30486 - in reply to #30368)
Subject: RE: Tournaments with less then a 50 percent payback


In all the years that I have fished competitively, I never thought about how many places that anyone paid down, I always fished to WIN. My biggest complaint was " if we have this many boats, we will pay this amount" and if they didn't field as many boats as was projected, they changed the whole ball game, and the pay-outs were not even close to what was projected. That's why I have tried to do it the honest way. But, it seems, that you want to accept mediocrity, and would like to know the least amount that you can win. I spent two summers talking to anglers from various circuits, from the high end of the spectrum, to the week-end warriors. Most agreed that this type of tournament was needed in our region. This circuit is not going to be for the faint of heart. It's going to be competitive. There are alot of you guys and gals that invest alot of money into your equipment and tackle, that have no way of actually re-couping some of your investment, unless you can afford to go to the BIG TIME. This circuit is going to be different than alot of the circuits that are out there that you invest your money but you fish for one day. Look at the entry fees and the pay-outs for one day events. The one day events are great but again, this is a different concept. You're all worried that someone is making too much money or that someone is going to get shafted. I have taken this new concept to the max. We have 10 accomplished tournament people to make your angling expereince with us go as smooth as possible. The Ohio event is going to be taped for TV. This all costs money. As you all know, it takes a certain amount of investment to even try to get a circuit like this off the ground. My partner, Mark Schultz, and i have made this investment. All we are asking in return, is for you to give us a chance and let us build this circuit. For you out there that can't afford our entry fees, don't bother to post because it will be irrelevant, to you that are interested in a new tournament concept, we will pay back 80% to 15% of the field. This means we will still guarantee your $10,000 for Ist, and if we have 40 teams, we will pay down 6 places, if 50 teams, we will pay 7, and so on. If any of you would like to talk to me, please call me @ (734) 891-1001 I'm sorry to be so long winded, but I have spent alot of time and money to get this off the ground, and I believe what I am doing is going to make a significant change in the way walleye tournaments are ran. Thank you for hearing me out, Bo
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Old Man Walleye
Posted 4/1/2005 5:29 PM (#30488 - in reply to #30368)
Subject: RE: Tournaments with less then a 50 percent payback


New User

Posts: 1

Good Deal.Can`t wait to beat that Rob S guy here on Erie.Bring it on BOYS and let the OLD MAN show you how it is done
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BoBo582
Posted 4/1/2005 5:58 PM (#30490 - in reply to #30368)
Subject: RE: Tournaments with less then a 50 percent payback


Member

Posts: 82

Location: Westland, MI.
Hey Old Man Walleye, Come on and fish our Saginaw Bay Shoot-out, also. Give Rob a chance. Cheers, Bo
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sworrall
Posted 4/2/2005 1:11 PM (#30508 - in reply to #30490)
Subject: RE: Tournaments with less then a 50 percent payback




Location: Rhinelander
80% is fair, and is the overall average I've seen over the years. Good fortune with the new circuit, Gary.
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BoBo582
Posted 4/2/2005 3:34 PM (#30511 - in reply to #30368)
Subject: RE: Tournaments with less then a 50 percent payback


Member

Posts: 82

Location: Westland, MI.
Steve, Thanks for the vote of confidence. Come on over and fish one with us.
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sworrall
Posted 4/2/2005 10:02 PM (#30520 - in reply to #30511)
Subject: RE: Tournaments with less then a 50 percent payback




Location: Rhinelander
May just do that, Bo!! Got the 250 Verado and the 9.9 Pro Kicker ordered for the new Tuffy 2060, which is a completely redesigned interior on the 1990 model time tested high performance Tuffy hull. Fiberdome redesigned that hull to 20" 6" a couple years back, and did one heck of a face lift this year on the interior and weight distribution. Should be a great rig for over there, maybe I can convince Zach to take a ride with me and see if we can't catch a walleye or two.
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BoBo582
Posted 4/3/2005 9:47 AM (#30528 - in reply to #30368)
Subject: RE: Tournaments with less then a 50 percent payback


Member

Posts: 82

Location: Westland, MI.
Hey Steve, We'd love to have you and Zach join us. We are going to have a very competitive field. You should enjoy it. But if not in Saginaw, make it a point for Lake Erie in October. The piggies are in then and would really make some nice press. Your in Fishing, Bo
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Rob Stratton
Posted 4/5/2005 1:21 PM (#30612 - in reply to #30368)
Subject: RE: Tournaments with less then a 50 percent payback


Member

Posts: 171

Old Man walleye,
I think maybe a little side action may be in order.. Maybe $100 per team if we fish both?
I love to gamble.
Rob S.
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