results and payouts

I have not entered the payouts here on the site yet. Considering that they paid 128 spots, it's been a task that I was not looking forward to.

I noticed that Phil Capelle had compiled the top places and posted them on Facebook...

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Poolhall60561 said:
I would like to see a zero in front of everyone of those payouts.
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Assume you mean a zero after each payout. I would not like to see this .... at least not yet.

Having exorbitant payouts that bear no relationship to the realities of pool's revenue stream has been tried twice in pool's recent history. First there was the IPT, Kevin Trudeau's eight ball tour. The weight of the fixed costs associated with the prize fund was heavy enough that a) numerous players went without prompt payment of prize moneys due them, and b) the tour folded before its first season was completed. Next came the Bonus Ball experiment, in which players were paid handsomely before the revenue stream was validated. When the revenue stream proved unattainable, the venture closed up shop promptly.

Want bigger prize funds? Then grow the sport. Prize money will track demand for the pro pool product. That's how it should be and that's how it must be. It's easy to focus solely on the economics of being a pro player, but the economics of being an event producer are just as important to the future of pro pool, for if pool does not offer the right return on investment, very few will chance producing new events.

For now, Matchroom is doing it's part to give top pro players a greater chance to make a living. In the pandemic year, despite being barred from use of Alexandra Palace in London, they held the Mosconi Cup and paid out $225,000. They also produced a new tournament in the Predator Championship Pool League event, adding about $85,000. They just announced plans for a new event called the UK Open in 2022 with lots of added money. Predator is also helping greatly to improve the economics of being a pro player. Similarly, CSI has added a new series of three pro events in the western US. Others are doing their part, too.

For now, we need to satisfy ourselves with the fact that quite a few new events with good added money are being added to the pro pool calendar.
 
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sjm said:
Assume you mean a zero after each payout. I would not like to see this .... at least not yet.

Having exorbitant payouts that bear no relationship to the realities of pool's revenue stream has been tried twice in pool's recent history. First there was the IPT, Kevin Trudeau's eight ball tour. The weight of the fixed costs associated with the prize fund was heavy enough that a) numerous players went without prompt payment of prize moneys due them, and b) the tour folded before its first season was completed. Next came the Bonus Ball experiment, in which players were paid handsomely before the revenue stream was validated. When the revenue stream proved unattainable, the venture closed up shop promptly.

Want bigger prize funds? Then grow the sport. Prize money will track demand for the pro pool product. That's how it should be and that's how it must be. It's easy to focus solely on the economics of being a pro player, but the economics of being an event producer are just as important to the future of pro pool, for if pool does not offer the right return on investment, very few will chance producing new events.

For now, Matchroom is doing it's part to give top pro players a greater chance to make a living. In the pandemic year, despite being barred from use of Alexandra Palace in London, they held the Mosconi Cup and paid out $225,000. They also produced a new tournament in the Predator Championship Pool League event, adding about $85,000. They just announced plans for a new event called the UK Open in 2022 with lots of added money. Predator is also helping greatly to improve the economics of being a pro player. Similarly, CSI has added a new series of three pro events in the western US. Others are doing their part, too.

For now, we need to satisfy ourselves with the fact that quite a few new events with good added money are being added to the pro pool calendar.
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And both attempts you mentioned were doomed to failure from the start. When Deno called me before their launch of the IPT to ask about my ideas, I told him as much about their pending failure as well, but didn't discuss my future plans with him.
 
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The first mistake anyone thinking about when it comes to taking over and controlling this sport, is that they have the intent of owning it. To be done right, this sport can not be owned, it must be represented by a non-profit organization which brings leadership and organization to the sport.
 
MitchAlsup said:
zero at the front::$0,375 or
zero at the end..:: $37,500

The location of the zero makes a lot of difference. The zero should go at the back (right side end) of the number.
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You don't have to look any deeper than 8th place to see who left the event with money in their pocket, all other places paid were losing money.
 
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