Let me clarify a little:
i = the position they finish in the tournament
A = total pot size
payout(i) = 2 / (N+1) - 2(i-1) / (N*(N+1))
need to get a payout scale that increases more sharply as you get to the winner.
hi everyone, i'm trying to create a tournament payout formula and I've made some progress but I'm stuck here. 1 in 5 people who enter the tournament should win $$$. My formula works to that extent, but I'd like to make the payout difference between 1st and 2nd place, 2nd and 3rd place, etc. to be a bigger difference. To be more clear I'd like the users who finish highest in the tournament to get more of the purse then users toward the bottom. Can anyone help me out?
My formula here: http://site452.mysite4now.net/razzi8...90/formula.xls
Any help is greatly appreciated!!
I'm not paying top 5 i'm paying the top 20% of the field. Also, your answer is fine if I have a fixed number of entries... but I don't. The formula needs to be dynamic in that it takes into account a different number of entries for each tournament AND like I said in the previous post the payout scale increases as you get closer to the winner. The calculation has to be done on the fly based on the # of entries.
Check out his link:
I Am Geek: Tournament Payout Formula