Economics of Paid Tournaments
haha nice job on teh maths breh.
I must respectfully disagree.
I decided to mess around with some numbers and this is what I came up with. Paid tournaments in real money terms are pretty cheap but I still don’t think creating economic barriers to entry for competitive PvP is a good idea. Without further comment, here are the numbers…
1 gem = 1.25cents usd
1 tournament ticket = 3.6gems
1 player’s tournament entry value: 22.5cents or 18 gems
1 team’s tournament entry value: $1.125 or 90 gems1 Paid Tournament total entry value: $9 or 720 gems
Total “Monetary” Payout: $3.75 or 300 gems
3rd-4th place prize value: 40 tickets or 144gems or $1.80
ArenaNet takes in 160 Tournament tickets or $7.20 or 576 gems and pays out 300 gems or $3.75.ArenaNet’s rakes $3.45 or 276 gems from the tournament prize pool. This is a rake of 38.33% of the total prize pool.
Uh.
30 tickets for 360 gems. 12 gems/ticket. Where are you getting 3.6?
Total entry cost for a paid tournament is not 160 tickets, but 200 (8 teams x 5 people x 5 tickets) or 2400 gems worth of tickets. Total payout is 40 tickets and 1500 gems (not 300… 180 per person for the winning team, 120 per person for 2nd place), or 1980 gems worth of tickets.
1 gem = 1.25cents usd ($10 or 1000 cents/800 gems)
1 tournament ticket = 12 gems (360 gems/30 tickets)
1 player’s tournament entry value: 75 cents or 60 gems (5 tickets)
1 team’s tournament entry value: $3.75 or 300 gems (25 tickets)
1 Paid Tournament total entry value: $30 or 2400 gems (200 tickets)
Total “Monetary” Payout: 1500 gems or $18.75 (180 gems x 5 people + 120 gems x 5 people)
3rd-4th place prize value: 40 tickets or 480 gems or $6 (4 tickets x 10 people)
ArenaNet takes in 200 Tournament tickets or $30 or 2400 gems and pays out 1980 gems or $24.75.
ArenaNet’s rakes $5.25 or 420 gems from the tournament prize pool. This is a rake of 17.5% of the total prize pool.
“Come! Break your weapons upon me!”
(edited by Pie Formation.8196)
Yeah so I definitely kittened up on the gems:tickets, idk where the hell I got 3.6, it is 12 as you stated. The reason I stated that arena net is taking in 160 tickets is because a total of 40 are returned to the teams losing in round 2. Not multiplying the gems by the number of players on the two winning teams was a large oversight as well. This is what I get for trying to make a post in between doing other things. Thanks for correcting the math.