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Author Topic: Formula for League Prize Fund List?  (Read 1044 times)

Pat Patterson

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Formula for League Prize Fund List?
« on: August 19, 2005, 05:36:20 PM »
Does anyone know the proper formula for making a League Prize Fund List? I just finished a summer league were the difference between first and second was only $10.00 per person, not much incentive to try and win a league.

Thanks!
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Pat Patterson
Pat Patterson

 

spanky

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Re: Formula for League Prize Fund List?
« Reply #1 on: August 20, 2005, 02:39:13 AM »
I don't know of a formula, but we vote on about four different payout options at the beginning. Unfortunately, people don't vote very wisely. I say that because they vote to stack the money in the first three place teams, and only pay the number one spot for individual achievements (high games/series) They vote for this knowing that they have a goat's chance in hell of finishing in the top three.

ozsweet

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Re: Formula for League Prize Fund List?
« Reply #2 on: August 20, 2005, 05:32:05 AM »
It's all about what "type" of league you are (money. fun. etc) AND, eseentially, who runs the league. There are countless optionsfrom minimal differences in payouts as you mentioned to $$ stacked at the top, as mentioned above. If it's a reasonably run handicap league, the prize list should be voted on. Usually, submissions are recd from 3-4 persons each on different teams and each team with one vote. But you can always use something like this:

1st place     30%
2nd place     20%
3rd place     10%
4th place      8%
5th place      7%
6th place      6%
7th place      5%
8th place      5%
9th place      4.5%
10th place     4.5%

But again, with countless variations on # of teams and available prize $$, you can spend all day on what is best and what is fair. Remember, unfortunately, that some teams will quit if they get no $$ for the bottom. I've found a dramatic difference in league prize fund distribution when I moved from the Northeast to the South.
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hotstoy

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Re: Formula for League Prize Fund List?
« Reply #3 on: August 20, 2005, 04:34:42 PM »
I bowl in four leagues.  In one league it is just money per points won.  2 others pay a small amount for first half, 2nd half and champs with the rest paying out per points won.  The last has first half, 2nd half, champs, and 1st place hi avg, hi series, etc. with the rest per points won.  Money per points won seems to be the most popular in my area of the country.  However, the % method does seem easier for the secretary to figure out, so maybe the secretary has some influence on what it used.