Champion prize $150,000USD
- Thread starter we.mazza
- Start date
Damn, prize money falls off a cliff pretty quick. A close final match would be cool with over 100k on the line.
After that though, many Americans would have to do pretty damn good to make money after all the travel costs. What is the best any US player has ever placed in Chinese 8 ball?
I know some Euro players do well, but can't remember any US players or PInoys placing in the top 3 or 4 spots.
After that though, many Americans would have to do pretty damn good to make money after all the travel costs. What is the best any US player has ever placed in Chinese 8 ball?
I know some Euro players do well, but can't remember any US players or PInoys placing in the top 3 or 4 spots.
Appleton won 1st a couple of years ago--beat snooker's reigning World Number One Mark Selby for $98K.
Shaw came in 3rd earlier this year for somewhere around $40K.
I think there might be two separate tournaments: one for Joy and one for Star. I cannot remember which ones Appleton and Shaw won.
If they (A&S) aren't considered American players than I don't think anyone has made it into the top 5 yet.
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With that kind of money isn't too easy to split. I know if I was in the finals and we worked out a split, I wouldn't make a ball and would try to lose. That way I would only have to pay taxes on 2nd place money and the guy who win has to pay taxes on 151K so I out earn him by a huge amount.
With these kind of paydays the taxes will be monitored and if not paid someone will either have huge penalties or go to jail.
Am I dumb? Isn't it better to win the lottery and pay the tax, than to not win and avoid the tax?
Dafuq?!
I think this tournament is over or the finals are going on soon. If you go to the FB link on the first post, it shows the livestream link for the final match, and the two competitors, as best as I can tell. No video loaded for me, so it either happened already, or will soon.
I doubt that Selby would agree to a split. He gets about a million $ a year from snooker prize money.
If they split it means that they are adding up 1st and 2nd money and splitting it. Which means whoever wins pays the other guy about 50K.
1st place 150K - 50K = 100K but still has to pay taxes on 151K, ends up with 40K after taxes.
2nd place 50K + 50K = 100K and only has to pay taxes on 50K, ends up with 80K after taxes.
Make sense now?
In a way it makes sense, but the guys reaching the final have probably played one or two tournaments before and are aware of the tax situation, not sure if China has the same 30% law that the US has but I'm sure they will know.
Based on 30% and 150k/50k winner pays loser 35k and all is well with the world.
Absolutely, ignoring the size of the prize, no snooker player would do that as they are governed very strictly by WPSBA rules and wouldn’t risk a ban (it could be construed as match fixing).
I’m surprised pool players (in pro tournaments) aren’t subject to the same rules...when betting is involved I would have thought it would be illegal at worst, unethical at best.
The betting would have to be legal in the state which the tournament was held before you could use that as a justification to enforce such law. To my knowledge, not too many states have legal sports betting in the U.S. Obviously my knowledge doesn’t extend to other countries. There might very well be laws against it depending on the location.
Ethically is a whole other discussion. Considering how hard it is to make a living with pool, splitting makes sense financially. Which is quite unfortunate.
There is no one stupid enough who would split evenly and then pay the taxes on the full amount for 1st. That would take someone very 'special'.
I believe this is in January
not sure about the entree fees but outside that $1500-$2000 would likely cover expenses from North America
not sure about the entree fees but outside that $1500-$2000 would likely cover expenses from North America
This only works if you are Donny Mills backer!!
Ahh, yes. Got it...
I did not even think such idiocy would be possible, but I guess that is a bit of dum on my part..
Thanks, moon-man.
I did not even think such idiocy would be possible, but I guess that is a bit of dum on my part..
Thanks, moon-man.