There are a few local bar tourneys here, and like mentioned above, it has more to do with how it's run than who shows up or what the payout is...
One tourney takes WAY too long (only 2 tables for 16 players - double elim.), but is run pretty well on lightning quick Valleys. In most cases women are going to 3 in 8ball, most guys to 4, and a couple of tougher players (including to owner) to 5. I've played in this one quite a bit, and still haven't cashed (top 3 - I've been 4th a buncha times...lol). But, I enjoy the competition, and have beaten every player that regularly participates at least once in the tourney. Downside - starts at 6pm Sat. and can go until 2 am Sun. Yuck - especially when I have pre-6am teetimes on Sat. and Sun. LOL.
Another that I've only played in twice is played on Diamonds (barboxes), and has some stellar competition along with a number of not so much. Drawback to this one is 8ball is a race to 1...9ball race to 3 for everyone. I've been eliminated from both by a coin flip (double elim.). Again, never cashed.
The last is a winter only thing that starts LATE Thurs. nites (used to play after leagues were over). 9ball on so/so equipment...but, not horrible (6 Cougars, that could use a bit more cloth care - putting it nicely). Just a race to 2 (again, easy to lose without shooting), but very decent competition - a few who try to steal (you know what I mean). I've actually been in the hot seat a couple of times in this one, but haven't won it...cashed a number of times.
Of course there are ones at the poolhall, but I'm pretty limited on time, so I try to get to those a couple of times a year too. All in all, there is quite a bit to chose from around here, but none that are MUST plays....As for the bangers complaints (which I would probably be pretty close to being in some's eyes); if they don't want to play better players then way play at all? Very, very few participants in the tourneys I mentioned are not capable of a break and run in either 8 or 9 ball though, so I'm not sure if any are true bangers that play in these. Occasionally you'll get one of the really good players in the area that'll play in a tourney, but with such short races, and winner breaks, they aren't a lock to run off with the money. Even a local guy that won the VNEA 9ball nationals will play occasionally in a couple of 'em (though some a very discouraged if they see him there....personally I want to face him in the 2nd round after I've had a chance to warm up, and just hope I don't lose the flip

). Wish I could play in 'em more.....