Money Tournaments

[popovitsj]

Can someone explain to me how money tournaments work?

 

I'm familiar with poker tournaments, which have a buy-in and a fee, e.g. $1 + $0.10, in which $0.10 is the fee or rake.

 

The $1 goes into the prize pool and is distributed among the winners of the tournament.

 

Are there any tournaments on BBO that have a structure similar like this?

 

I'm seeing a lot of "Monthly best player award" stuff, which seems pretty stupid and non-transparant tbh.

 

I don't understand most of the pay-out structures posted in tournament info's.

 

Am i correct in the assessment that most of the tournaments don't pay out anything at all?

 

And if so, why does anyone bother playing them?

[barmar]

Here are how the BBO-sponsored money tournaments work:

 

Robot Reward and Bingo Reward: The entries go into a pool. The house takes 20% of the pool (10% of the $5 Robot Reward). The pool is then distributed among the leaders: 33% to the winner, 22% to 2nd place, and so on until the pool is exhausted.

 

Robot Rebate and BBO Speedball Rebate: The entry is $1. If your matchpoint score is 55% or higher, you get $1.50 back.

 

There are also a number of private clubs that offer cash prizes. I don't think any of them have prize pools like you describe, but they do increase their prizes based on the number of entries.

 

And if so, why does anyone bother playing them?

Because they enjoy playing bridge. Why do people play games in general?