IPT World Qualifiers Entry Increased - More Lies?

One real important fact people are overlooking is that last place in the Reno event pays $5,000, not just $2,000 like the Vegas event. All the prize money is higher in Reno, 50% higher payout so a 50% higher qualifier fee.

If it took your third qualifier attempt to get into Vegas, and you ended up in the last eighty finishers in LV, you would lose $1,000.

If you got in on your third try for the Reno event and finished in the the last eighty spots, you would win $500.

Forgetting the champs who are expected to do well and make much more than the minimum payouts, its a better deal for even the lower tier guys battling it out in the qualifiers if they have a good chance of winning one.

If they actually promised that it would be $1000 for the Reno qualifiers and then raised it up 50%, that is wrong and I see your point.

The increase to 1500 bucks makes sense to me in terms of the higher payout but if they actually promised it would only be $1000, they'd be better off just forgetting about the extra $500. It'll cost them more than that just in bad publicity on sites like this.

TheOne said:

Your not the first person to say that to me in the last few days Bud since this has happened, it seems sneaky and greedy, for what and extra $500 per man? We all should be concerned by the fact that they are prepared to take the PR hit over such a seemingly small amount - are they really missing their financial targets by that much? We all know they where expecting 64 runners per qualifier, if they really had brought in Millions from sponsorship so far they really wouldn't have been forced to take the hit and increase prize money so late in the day.

Imagine playing on a tour trying to earn points and half way through the events the entry goes up by 50% but the advertised prize money remained the same, imagine the outcry! Talk about shooting yourself in the foot!

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If you watch the broadcasts the only promotion they actual do is touting the qualifiers to suckers, "Find where there is a qualifier near you and you may be the next million dollar winner". They are trying to appeal to league players and the every day Joe's with pie-in-the-sky thoughts. At the web site they have the registration form where you just sign up, give them your credit card info, pick the qualifier you want to play in and get ready to collect all the cash you will be winning.

They seem to be in the qualifier business since that is all the advertise, no DVD's, cloth, or chalk, just give us your credit card number. I suspect that has something to do with the raise in price, finding what the market will bare and bleeding it dry.

I thought the IPT delivers more than it promises. Maybe they now have it in reverse as Sigel was quoted to have said that the IPT is negotiating it's sale for 70 million. I guess some people paint a house & put in new carpet before they sell a house, others remove everything that is not nailed down.

watchez said:

I thought the IPT delivers more than it promises. Maybe they now have it in reverse as Sigel was quoted to have said that the IPT is negotiating it's sale for 70 million. I guess some people paint a house & put in new carpet before they sell a house, others remove everything that is not nailed down.

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Great analogy! What would make anyone, aside from someone having a vested interest, expect that KT would operate the ITP any differently than his "tried and true" Natural Cures business model?

TheOne said:

I maybe be wrong, maybe somebody can dig out the press release but havent the IPT been saying that the entry into the 2 "open" qualifiers would be $1000?

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There is nothing in writing that I have seen by the IPT (either in a press release, email notification, or on their website) that stated BOTH open tournaments would have entry fees of $1000.

I even re-listened to the KT audio broadcast he did a few months back, and he never specified the entry fee for the qualifiers of the World Open. Though, after describing the qualification process of the NA Open Championship, he did say (21:16 into the broadcast), "We're doing the same situation for the World 8ball Open Championship." Maybe this is where the confusion stems from. When KT said "same situation", i think he just meant the same type qualification process, not exactly all the specifics.

I think everyone just assumed that the fee would stay at $1000 for both open tournaments. Is it a fair assumption? Probably, but nonetheless it's still an assumption. Don't believe or assume anything until you see it in writing. For now I'm giving the IPT the benefit of the doubt until I see it in writing (either a press release or email notification from the IPT) that the qualifier entry fee for the World Open was originally set at $1000.

We are all prosecuting with no evidence. But IF the evidence is out there, then yes...it is complete BS to change such a thing.

macguy said:

If you watch the broadcasts the only promotion they actual do is touting the qualifiers to suckers, "Find where there is a qualifier near you and you may be the next million dollar winner". They are trying to appeal to league players and the every day Joe's with pie-in-the-sky thoughts. At the web site they have the registration form where you just sign up, give them your credit card info, pick the qualifier you want to play in and get ready to collect all the cash you will be winning.

They seem to be in the qualifier business since that is all the advertise, no DVD's, cloth, or chalk, just give us your credit card number. I suspect that has something to do with the raise in price, finding what the market will bare and bleeding it dry.

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I like reading your posts because you come up with some of the most irrational logic possible in regards to the IPT and KT. If they are appealing to league players and the every day Joe for the qualifiers and they are touting the qualifiers to suckers, please name me ONE league player or every day Joe who has played in any one of the qualifiers.

Your project over the next year is to find something nice to say about the IPT and KT. Your next project is for every 10 negative posts about the IPT and KT you must post 1 positive post.

yep, I agree it is all wrong.

He should raise the fee to $2,000 and not even allow anyone in for 1/2 price. Afterall, he never did start out with a half price offer. But then I never did hear anyone complain about that.

Why should he let all the Johnny come latelys get in at a reduced fee?

And all this complaining from people who have no intention of trying to qualify.

wayne said:

I like reading your posts because you come up with some of the most irrational logic possible in regards to the IPT and KT. If they are appealing to league players and the every day Joe for the qualifiers and they are touting the qualifiers to suckers, please name me ONE league player or every day Joe who has played in any one of the qualifiers.

Your project over the next year is to find something nice to say about the IPT and KT. Your next project is for every 10 negative posts about the IPT and KT you must post 1 positive post.

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It may not be working, but that is who those ad's are designed to appeal to, just watch them. Do you disagree that the only product they seem to be advertising are qualifiers? In regard to your question, In most of the qualifiers, a majority of the field had almost zero chance of winning.

I have to come back and add this, most tournaments in general a majority of the field, more then half, really can't win the tournament. Same with the pro tournaments also, I don't want to point to any one player but there are many pros who have never won anything big but they still play and at least hope to make a good account of themselves.

There is nothing wrong with that. I may have used the wrong word when I said "Sucker" although that is how many people look at those who just throw away their money in tough tournaments. I do believe that they are trying to appeal to average players who may be able to afford to play and will regard it as little more then a fantasy camp to get to hob nob with their idols. It's a common thing in all walks of life. Not everyone worries about money, there are plenty who spend a thousand a day out sport fishing and those hotels with the $1500 a night rooms do have some takers. KT would like to tap into some of that as well.

If this qualifier thing was not to be a money making venture they would just put the names of qualified players in a hat and draw them out. There is no real reason to go through all the work and logistical nightmare of running these qualifiers if not to just produce money and to try to also appeal to average players KT is just trying to cast a wider net.

jjinfla said:

He should raise the fee to $2,000 and not even allow anyone in for 1/2 price. Afterall, he never did start out with a half price offer. But then I never did hear anyone complain about that.

Why should he let all the Johnny come latelys get in at a reduced fee?

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The $2k fee was for a chance at a TOUR CARD - multiple tournaments. The $1k (and soon, $1.5k) fees are for a chance at a SINGLE TOURNAMENT.

Slight difference.

wayne said:

I like reading your posts because you come up with some of the most irrational logic possible in regards to the IPT and KT. If they are appealing to league players and the every day Joe for the qualifiers and they are touting the qualifiers to suckers, please name me ONE league player or every day Joe who has played in any one of the qualifiers.

.

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John Rogers is a league player who entered two qualifiers, Marrietta, Ga and Capones. He is just an APA 7 (barely) and really had no chance at all. He got to warm up Robb. And I believe there was a father son team at another qualifier who really had no chance either.

jjinfla said:

John Rogers is a league player who entered two qualifiers, Marrietta, Ga and Capones. He is just an APA 7 (barely) and really had no chance at all. He got to warm up Robb. And I believe there was a father son team at another qualifier who really had no chance either.

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Young Brandon Shuff from Virginia also competes on a pool league, and he entered IPT Qualifier No. 8 in Frederick, MD, coming in third place.

JAM

I know for sure that last week (Friday) the entry fees for the reno open were listed at $1000, and $500.

Scottster said:

I know for sure that last week (Friday) the entry fees for the reno open were listed at $1000, and $500.

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Last week, the car I want was selling for $35,000...this week it's up to $38,000. Guess I should have bought it last week.

The IPT is a BUSINESS. As a business, they have the right to set the price of the product (entry to their tournaments) at any price they see fit. If it's too high, they will lose customers (players), and be forced to lower prices. If enough people feel it is a fair price, they will fill up their fields. The players will ultimately determine what the entry fees will be, simply by either paying it, or not paying it. And anything any of us has to say about it on this forum probably isn't going to change anything.
Steve

I agree Steve,

Someone asked the question if it was ever in writing that the cost of the "Reno" qualifiers was initially set at $1000 and $500.

I was answering that question.

Scottster,
Got ya! I wasn't really directing that toward your post. So many seem to not understand that it is a business, and the IPT is certainly entitled to charge whatever they feel the market will pay. If they have priced it too high, they will realize it very quickly if players stop entering.
I think they are doing things right. By keeping the entry fee a bit high, they are really making sure that only those who feel they have a legitimate chance at making it at that level are going to pay that much for a chance to qualify. Just look at the names that entered the 25 qualifiers for the NA Open!
Steve

pooltchr said:

Scottster,
So many seem to not understand that it is a business, and the IPT is certainly entitled to charge whatever they feel the market will pay. If they have priced it too high, they will realize it very quickly if players stop entering.
Steve

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That is exactly right. So many people have never had a business where they had to serve the public. They are so used to just being given everything, with absolutely no responsibilities.

A couple years ago it cost me $30 to have my grass cut and $35 to have my house washed. Grass cutters now charge $45 per month to cut the grass and yesterday I paid $50 to have my house washed. It is whatever the traffic will bear. And of course they now call the people who come out to wash your home - technicians.

Jake