The way he worded this, it sounded like there was no guarantee of any money at all, as in, the TD might take off with it.
If the TD is reputable, I would maybe pay $100 entry with no added money. Depends on the races, how deep the payout is, how far away, etc. and figure that I have a chance to get in the money.
They would have to state up front what the payouts are to some degree. For instance, based on 32 players, 1st is $1000, or at the very least, that they are paying 1/4 or 1/3 of the field.
If the TD is reputable, I would maybe pay $100 entry with no added money. Depends on the races, how deep the payout is, how far away, etc. and figure that I have a chance to get in the money.
They would have to state up front what the payouts are to some degree. For instance, based on 32 players, 1st is $1000, or at the very least, that they are paying 1/4 or 1/3 of the field.