Re: Question regarding economics of contests (476 Views)
Posted by:
miff (IP Logged)
Date: November 13, 2015 11:03AM
Bit,
Within the last two years(think) and after contest players howled, NTRA appointed a player rep(Judy Wagner?) who supposedly looks at the books to see just how much the takeout is from the players entry fees and where the money goes. Seems the NTRA states that they only takeout enough to cover their costs in administering the whole thing.
Judy L ran the NYRA contest but is no longer there, so really don't know anyone to call to see if the host venue gets covered for expenses from the takeout.
Incidentally, the predominant NHC contest format is nothing but a clueless blind stab-fest and whomever gets lucky stabbing a bomb or two usually wins.
Mike