APT Questions
Mike,
It's great to hear from you. First of all, I want you to go ahead and make those travel arrangements to be in the area on June 11-12 because I know that your friends and family are anxious to see you! Since you will be here anyway, come out and play!
You ask a fair question so I will give you an honest answer. Most regional pool tours ask that a pool room kick in $1,000. To be blunt, this is simply not fair to the room. They are being asked to pay $1,000 and provide free table time for two of their busiest days of the week. The theory is that the event will attract a large number of people who will purchase food and drink and bring revenue to the room. However, even if there were a 20% profit margin, the room would have to sell $5,000 worth of food and drink just to break even. Sadly, this rarely happens. The event may attract a large number of people, but many of them leave the room, eat somewhere that may be $2 less expensive, and then come back for some more free table time. This is the reason that many regional tours are now unable to get pool rooms to host events. On many tour schedules you will see "TBA" for many of the dates.
The fact is there is some added money to APT events but the amount is dependent on several factors. I do not advertise this because I believe that the agreement between the tour and the room should remain confidential - afterall, this could be the source of a competitive advantage for the APT. However, players do deserve to know what to expect regarding payouts. Based on a field of 64 players, 1st place will earn approximately $1,000 while 13th-16th will earn approximately the average entry fee ($50-$60). However, these are approximations because with staggered entry fees, there is no way to know the exact size of the total prize fund. However, the bottom line is that the larger the field, the larger the payouts!
There will also be other ways players can stay engaged if the main event isn't enough. There will be a players auction, live streaming, break & run raffle, organized ring games, and a 2nd chance tournament on Sunday.
This is a new tour and therefore, there are no sponsors in place yet. However, rest assured that growth is the main goal! We all know what growth means....money. The more players that turn out for these events, the larger the tour becomes and the demand for an APT event increases. Basic economics: the larger the tour, the more money it can generate and thus spread to the players. Therefore, this can be a huge success if the players in the region join together and make it happen. If we all turn out in large numbers early, the tour will be able to easily negotiate more money added for future events and attract sponsors. All we need to do is come out and do what we love to do anyway...play pool! Let's make it a success...that includes you too Mike...since your family and friends miss you! I hope to see you at Top Hat Cue Club on June 11-12.