Anyone fish the BAM Big Money circuit last year? How many spots did they pay at the tournaments? TIA
I believe it was 1 place for every 6 or 7 boats. Great circuit and well run. fishbam.org. Give Buddy a call. He will answer all your questions.
Dave
fished there week night league last year and went to there classic.....was impressed at the classic, very well run, this is a fishing league run by fisherman 8) I approve
what is enrty? saw somewhere it $500. is that right? or that for all 4 events?
Quote from: acummins on January 01, 2014, 11:43:05 AM
what is enrty? saw somewhere it $500. is that right? or that for all 4 events?
I didn't look but i'm sure that's for the whole circuit I know they pay for the whole year up front, that really helps make the tournament run smooth come game day
K now im interested. was gona say it $500 per event payout not right. $500 for all makes more since.
Very well ran tournaments, paying up front really makes things go quick and easy at the end. The $500 entry fee is for all of the qualifying events.
So I was curious and did the math on BAM's payout and the results are exactly why we started payback bass. The directors are simply taking to much of the anglers hard earned money. I understand its hard work and they should be paid for their efforts but in my opinion its way too much.
So based on a full field of 75 boats with a $500 entry fee and an $80 a team membership fee the total purse comes to $37,500 + $6,000 = 43,500
They payback $7500 for each tournament so x3 = 22,500 and $10,000 at the classic so total payback is $32,500.
$32,500 / $43,500 = 74.7% payback
$43,500 - $32,500 = $11,000 they would keep
That's probably more $ than if a team won every event could make.
How many boats does BAM usually get?
Tim, how many boats do you normally draw?
Im not sure how many boats BAM draws probably alot, our first year we had 10-16. I get your point but we are trying to do something different might work might not. Regardless of that a trail keeping 25% is just not right IMO and that information needs to be put out there.
Then don't fish it.
Still better payout than NBAA.
Very true Mike, maybe I should not have said anything. It just bothers me when I see these kind of returns and cant help but make it known to those who might not do the math for themselves. I'm hoping Randy's circuit has a separate payout structure from BBT and probably some really good sponsors then we might finally have a great option on this side of the state. That's all I want to see, and Genie I will not be fishing BAM or BBT or any circuit that does not payback at least 90% of what we pay in. Payback Bass might not draw many boats with the high entry fee but your money will be paid back. Myself and Mike are fine with drawing 10 boats or 50 boats we have the equipment and schedule to handle more if that's what happens now. If not we are just fine with 10-20 teams. We had fun last year and the money was good for those who fished it.
Quote from: TCook on January 08, 2014, 10:59:24 AM
Im not sure how many boats BAM draws probably alot, our first year we had 10-16. I get your point but we are trying to do something different might work might not. Regardless of that a trail keeping 25% is just not right IMO and that information needs to be put out there.
Tim Tim Tim.... I am a director for the week night series and I DO NOT MAKE A DIME." Yes" I do fish for free every week, but I also am last for take off and come in 15 minutes early to set scales up. I fish Big Money also and pay my entry and donate my time for free to run this tourney.
We had 49 boats our first year and expect a big increase from that this year. Make sure you know your facts before you smear a great series just to promote yours!!!
Dave
Then tell me where did my math go wrong? I do not want to show you only payback 75% if that's not true but according to your numbers on your site that's what it comes to.
Quote from: TCook on January 08, 2014, 12:46:40 PM
Then tell me where did my math go wrong? I do not want to show you only payback 75% if that's not true but according to your numbers on your site that's what it comes to.
I'm pretty sure it isn't exactly free to run these tourneys.....wouldn't know the exact cost but between advertising, weigh in trailer, gas to and from, plaques etc I'm sure that adds up pretty quick.
Hey Tim,
I don't have a horse in this race but I want to point out that you normally don't count membership fees in the pay back. Membership fees are normally charged to cover cost to operate the trail. In some cases they are paid back but in most trails they are not.
Cy
What you are trying to do is a good idea. The problem is that you will never draw very many boats because of the driving distance. The average angler is not going to drive 5 hours to fish a one day tournament. White lake is almost a 3 hour drive and that's the closest, and that's just for Mike.
Cy, that is true but in reality it is all the same and if that membership fee covered costs then why only pay back 88% after the membership fee if that was used to cover all the costs? Why not have a $147 a team membership fee then and pay back 100%?
Irish, your also right we did not set it up to draw the maximum amount of boats that's not our goal this year. We would rather mix it up and fish better lakes that have more of an even playing field. Payback Bass tournaments are opens and the only incentive to fish atleast 3 is the teams of the year prize. In that case for the long drive to Burt & Mullett for example can be skipped if TOY was your goal.
Quote from: TCook on January 08, 2014, 12:46:40 PM
Then tell me where did my math go wrong? I do not want to show you only payback 75% if that's not true but according to your numbers on your site that's what it comes to.
[/quote
Sorry Tim!!! I get very protective of something I believe in. We take 10% every week for the classic fund and I think 10% for Big Money.
All membership fees are put towards the classic too. Buddy keeps around 5% for operating costs. Mailing, scales, ect... I Just looked at web site and it is not in writing for payout
scale or percentage payback.
Help me out on how you came up with % payback or classic numbers?
Dave, that's understandable and for the record I am not trying to bash BAM or disrespect you guys for my gain, payback Bass has a different objective or niche. I just look at the numbers and if its not good I feel the need to let the fisherman know.
If all membership fees are put towards the classic it still changes nothing according to your site. All that changes is the percent of the entry fees that are paid back. Based on 75 boats if $10,000 is paid back at the classic and $7,500 per tournament for 3 tournaments the total $ paid out is $32,500 and the total money paid in through entry fees is $37,500. Total $ paid in through membership fees is $80x75 = $6000 (goes to classic fund). So $10,000 - $6000 = $4000 to be paid in from the entry fees for the classic. Therefor $22,500 + $4000 = $26,500 that will be paid out from entry fees. 75 entries x $500 = $37,500 so $26,500 / $37,500 = 70.06% of entry fee money paid back.
If there is money being put in to the classic fund through the weekday tournaments then I don't think that would change big moneys payback since the amount payed out is what it is. Only way to increase your payback % is to increase how much you are paying back.
A detailed payout chart for a full field would be a very handy item and should be pretty easy for the right people to produce.
you girls are all arguing about the same things. it don't matter what u pay for entries it's what you keep for running the event
i like getting paid for what i put in but in all reality we arent pros and we all do this for a hobby.. if we didnt wanna do it we wouldnt yes there are many options out there. tim your one of my good friends and you pulled alot of the best sticks and paid out great. everyone has there own perks im considering going back bbt. Russ pulled a huge rabbit out his hat with the BASS team deal thats things u gotta look at too. like everyone does we will just hit everything we can and enjoy every minute of it..