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Veteran
Posts: 291
 
| I'm trying to figure out what a rodeo with 250 added would pay with let's say 20 entries at a $50 entry fee. I'm confused on how to figure it up. Can anyone help? Thanks in advance! |
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 Shelter Dog Lover
Posts: 10277
| Depends on what percentage of entry fee they pay out |
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 Expert
Posts: 2097
Location: Deep South | If the rodeo is 70% payback, which is common, then $50 entry fee times 20 entries is $1000. 70% is $700 going to the pot, plus the $250 added. It should payout a total of $950 split between however many holes they decide to pay. |
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Veteran
Posts: 291
| Thank you! I never understood how it worked. It does not say on the flyer what percentage they will be paying out |
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Married to a Louie Lover
Posts: 3303
| If it's sanctioned check the rule book of the first sanctioning association listed. For example if it's listed as URA/IRCA/IRA money won counts in all 3 associations but payout % and number of holes follow URA rules as the first association sanctioning.
If it's just an open rodeo and not sanctioned call and ask the contractor. |
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 Am I really the Weirdo?
Posts: 11181
Location: Kansas | OhMax - 2016-08-03 7:39 AM If it's sanctioned check the rule book of the first sanctioning association listed. For example if it's listed as URA/IRCA/IRA money won counts in all 3 associations but payout % and number of holes follow URA rules as the first association sanctioning. If it's just an open rodeo and not sanctioned call and ask the contractor. Exactly, and if it's a URA, IRA or IRCA first-approved rodeo, or heck even an MRCA first rodeo, that whole $50 goes in the payoff.
$50X20 contestants plus $250 added = $1250 in payoff. Associations like these 4 take out a percentage of that payoff as their sanction fee (capped at 6% with each association getting 3%), so there would be $1175 actually paid back to contestants. With 20 entries, it would pay 4 holes (I know URA & IRA pay 4 w/12-20 entries, 5 holes w/21-30 entries and 6 w/31-50 entries for example) at 40%/30%/20%/10%, making first pay $470, second $352.50, third $235 and fourth $117.50.
Most amatuer associations have their rulebooks available online. I know the URA does and I'm pretty sure the MRCA does too. Not sure on IRCA and I don't think IRA does but theirs is mostly identical on payoff to URA.
I guess I should add that what you pay the secretary run at these rodeos is more than $50, since they collect a timer charge $3, $1 for each of the 2 judges, $5 for day money (fastest time of that night), $2 I think per association for finals fund, $2 incentive fund that goes to added money in that event at the first approving association's finals, and that makes the total due $68 for a triple-approved rodeo.
Edited by rodeowithjoker 2016-08-03 7:44 PM
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Veteran
Posts: 291
| Thank you all! This is a local open rodeo so I'll have to ask the percentage |
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 The Worst Seller Ever
Posts: 4138
Location: Oklahoma | Local rodeo, if you pay the secretary $50 then $35-40 will go in the pot, just depends on what the time charge will be. |
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Rodeo