Million $ Tournament Rip Off
- Thread starter cornfed
- Start date
And, you still think that the coin tables will be Open and not require $1.00 per game ? I'm skeptical.
But, I'd like to see a million dollar winner... Yeehaaaaaaaaaaaaaa !
But, I'd like to see a million dollar winner... Yeehaaaaaaaaaaaaaa !
Million $$$ Scam?
Never hear of Right Action Management before. What other tournament they put on? It look like a highway robbery to me. Most tournament add extra $$$ not take huge amout away from the players.
If you go their website http://www.rightactionmanagement.com it say: "All entry fees are being held in deposit at Bank of America..." What is stop them from taking all $$$ and run away? How come is not in properly escrow?
Do they use a dragon for logo because they are blowing smoke up our a$$ ..?
__________________
Best days and sorry for my bad English.
Sergei Kharkov
Never hear of Right Action Management before. What other tournament they put on? It look like a highway robbery to me. Most tournament add extra $$$ not take huge amout away from the players.
If you go their website http://www.rightactionmanagement.com it say: "All entry fees are being held in deposit at Bank of America..." What is stop them from taking all $$$ and run away? How come is not in properly escrow?
Do they use a dragon for logo because they are blowing smoke up our a$$ ..?
__________________
Best days and sorry for my bad English.
Sergei Kharkov
A
AzBlueMach1
Guest
Not sure where you got the 5 million dollar number cornfed? I know there are several local qualifers that offer a free entry into the tournament. If they are letting in 256 players with free enteries from local qualifiers, then the math works out alot better.
On their web site it say "Payouts based on 512 player field" which mean at $10,000 per entry:AzBlueMach1 said:
512 x $10,000 = $5,120,000
Even if they give away 12 free entry that is still $5 million. Do you need calculator?
Do you really think they do this??? I dont know how many local qualifier there are but I doubt is 256. Especially when they want to rake in as much $$$ as possible. And remember they say "Payouts based on 512 player field". So what happen if less than 512 player enter??? Does that give them free license to screw the players with bullsh!t payouts???
Sound like scam to me.
__________________
Best days and sorry for my bad English.
Sergei Kharkov
AzBlueMach1 said:
NOW THIS ABSOLUTELY makes no sense whatsoever!!!
why would the promoters accept FREE entry into their tournament when they are asking for $10,000 big ones! the fee is how they expect to pay off the field. and who is running the qualifiers that would pay the $10,000 entry fee for every qualifier......and if i'm mika immonen, i would enter the qualifier so that i wouldn't have to pay the entry fee. in fact,,,,all the good players would enter the qualifiers to bypass the entry fee and now you've got zero money from your top players.
this sounds more and more bizarre, less and less legitamate. someone should check to see if the promoters have made a downpayment on a villa in mexico.
I believe the qualifiers are $100 each with 100 players. That's $10,000. I don't have any idea how they work the qualifiers and if there is any prize money for the players, or if it is just winner takes all - an entry to the Million dollar game and the entry fee goes to the promoters of the million dollar game.
If they fill the field then there is no need for this to be a rip off. They can be completely legit, and after expenses probably clear a million dollars for themselves. Which would probably be split 20 ways. And they would make several pool players very happy with what they won. And a quarter of the field will make money on the deal so that seems like pretty good odds.
Jake
If they fill the field then there is no need for this to be a rip off. They can be completely legit, and after expenses probably clear a million dollars for themselves. Which would probably be split 20 ways. And they would make several pool players very happy with what they won. And a quarter of the field will make money on the deal so that seems like pretty good odds.
Jake
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Chris3352
Guest
If anyone has any questions about this tournament, you can e-mail me at cyoung@marshallneilpauley.com I will answer any and all questions you have. If you think everyone runs a tournament for "free" then you are sadly mistaken.
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Chris3352
Guest
They stand an extremely good chance of losing money in this tournament. First place is guaranteed $1,000,000.00 no matter how many entries are in.cornfed said:
Chris3352 said:
I prefer to have my question answered here on the forum. Will the coin tables be 'open' or will they require $1.00 (or more) per game during practice and tournament matches ? With a cost of $21-$41 per match with 512 players, that will be a LOT of quarters.... imo
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Chris3352
Guest
Tables will be open. Any other questions. People do not understand that the chances of getting 512 players is extremely difficult. If that happens, then yes they would make roughly 1.3 million. Also, they spend alot of money with all of the overhead.Smorgass Bored said:
They have a booth at the Midwest Expo next week. The promoters (Not just sales people) will be there to answer all your questions.
www.midwestbilliardexpo.com
Eydie
www.midwestbilliardexpo.com
Eydie
Hello,
I NEVER post a reply, and I have read messages on this board for a couple of years, but I had to register a name and reply to this.
Are you people ok? I know I am drunk but cmon...
1) Million guaranteed? no matter what the player number is?
Right! So 5 people enter and split the million? I'm in!!!
2) 100 to qualify? What if they dont get 100 people? Who covers the rest? How does it pay? Free enty for 1st, and diddly for the rest? I'm in again!!!
3) Greatest payout in the history of tourneys on 7 foot tables? No Brunswick sponsorship? Seems like they would want a piece of the GREATEST TOURNEY EVER!! I'm really in!!!
at least they finally spelled Ceasars palace correctly, you would have thought with all that planning they could have proof read the original flyer.....
Can I just mail the 20 percent vig in now and NOT PLAY?
oh well, back to drinkin....
I NEVER post a reply, and I have read messages on this board for a couple of years, but I had to register a name and reply to this.
Are you people ok? I know I am drunk but cmon...
1) Million guaranteed? no matter what the player number is?
Right! So 5 people enter and split the million? I'm in!!!
2) 100 to qualify? What if they dont get 100 people? Who covers the rest? How does it pay? Free enty for 1st, and diddly for the rest? I'm in again!!!
3) Greatest payout in the history of tourneys on 7 foot tables? No Brunswick sponsorship? Seems like they would want a piece of the GREATEST TOURNEY EVER!! I'm really in!!!
at least they finally spelled Ceasars palace correctly, you would have thought with all that planning they could have proof read the original flyer.....
Can I just mail the 20 percent vig in now and NOT PLAY?
oh well, back to drinkin....
You may need a couple of things to make the trip more comfortable(not enjoyable).
1) Wal-Mart sells family size Jars of Vasaline. It may be a painful adventure without it and they seem to be putting some of that Nevada sand in theirs..
2) Payed in advance Greyhound ticket to make sure you get home.
+ since some are in Vegas now. Please check the odds on this actually taking place and paying $1mil. Or the odds that more than 25 players from other than qualifiers show up.
This will be the same as S. Smiths big tour a few years back and I called that one right 2 days after it was anounced. Until you get big name sponsors like Budweiser, Nike, GM, etc... behind this, it will never pay more than the players are willing to give to other players.
1) Wal-Mart sells family size Jars of Vasaline. It may be a painful adventure without it and they seem to be putting some of that Nevada sand in theirs..
2) Payed in advance Greyhound ticket to make sure you get home.
+ since some are in Vegas now. Please check the odds on this actually taking place and paying $1mil. Or the odds that more than 25 players from other than qualifiers show up.
This will be the same as S. Smiths big tour a few years back and I called that one right 2 days after it was anounced. Until you get big name sponsors like Budweiser, Nike, GM, etc... behind this, it will never pay more than the players are willing to give to other players.