I have listened for three years about how professional players cannot make any money because there are not enough tournaments for them to play in. A couple of years ago we set out to get sponsorship from outside the industry to try to help turn things around. Str8 Shots has been very successful in getting sponsorship for 4 events this year with the first event being the Nick Varner Classic in March. There’s a total of $19,000.00 added and it is guaranteed.
$10,500.00 is being added to a professional event for up to 32 players. I’m aware the Rum Runner tournament is the same weekend and has up to 64 players. Unfortunately that weekend is one of the only weekends that Nick has availability. Plus the Wyoming Open is the following weekend and that has good money added to it also. We figured by having it the 3rd weekend of March, it worked with Nick’s schedule and gave professional players the opportunity to play in two good paying events over two consecutive weekends.
We’ve received numerous calls, FB messages, and emails from professional players asking us to cover their expenses to play in our event or they will go to Rum Runner. They say that the Rum Runner has better payouts and their expenses would be higher to come to Denver versus going to Vegas. Let’s compare apples to apples.
Rumrunner Payouts
1st - $5,000.00
2nd - $2,500.00
3rd - $1,600.00
4th - $1,100.00
5th/6th - $850.00
7th/8th - $600.00
9th/12th - $425.00
13th/16th - $300.00
Rum Runner Added $3,700.00
Entry Fee $200.00
Total Payout $16,000.00
Varner Payouts
1st - $5,000.00
2nd - $3,000.00
3rd - $2,000.00
4th - $1,500.00
5th/6th - $1,100.00
7th/8th - $790.00
Top Lady - $500.00
Nick Varner Added $10,500.00
Entry Fee $200.00
Total Payout $15,780.00
Upon checking flights to and from various cities around the country into both Vegas and Denver we have found there are some flights that are cheaper going to Vegas, while other flights are cheaper going into Denver.
Cheapest hotel we could find near the Rum Runner that will give you a free cup of coffee and free internet was $89.00 for two double/queens beds per night. It is a 2/3 star hotel. The deals we worked out with the hotels are $65.00 to $74.00 for two double/queens beds per night. Both of the hotels we’ve blocked rooms at include a free hot breakfast, free internet, and free shuttle service within 5 miles. Both 3/4 star hotels.
I think the Rum Runner is a great event and if they cover all the expenses for these players that is their decision .They have the right to decide what they want to do with their event. I would also encourage the players who have supported and done well in that event in the past to continue going to it.
I am asking because from a business standpoint it makes no sense to me. Why would promoters put the money up for the tournaments, pay players entry fees, and cover all their expenses to play in it? In my opinion you are stacking the deck against the players who actually did pay their own entry and expenses.
I would appreciate any insight/feedback.