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Payout/payback

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Last activity 2016-02-05 1:50 PM
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cheryl makofka
Reg. Jan 2011
Posted 2016-02-03 8:05 PM
Subject: RE: Payout/payback


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I am curious which one it is, and have messaged the op.

I do believe ours are different up here as the total 60 as a rule of thumb will include all fees such as sanctioning, arena fees, admin fees, and timer fees.

The things that wouldn't be included are stalling, timed onlies, exhibitions.
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rodeomom3
Reg. Dec 2007
Posted 2016-02-03 8:34 PM
Subject: RE: Payout/payback



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 What is a timer fee??? We don't have those down here.  Only fees we may pay in addition to entry is an office fee.  Small local races, 125+ entries,  don't have any fees, larger shows may have $20 office fee/rider. 

Edited by rodeomom3 2016-02-03 8:36 PM
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cheryl makofka
Reg. Jan 2011
Posted 2016-02-03 9:07 PM
Subject: RE: Payout/payback


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rodeomom3 - 2016-02-03 8:34 PM

 What is a timer fee??? We don't have those down here.  Only fees we may pay in addition to entry is an office fee.  Small local races, 125+ entries,  don't have any fees, larger shows may have $20 office fee/rider. 

Timer rental.

One association brought this in years ago to help cover the costs of their timers as they had to supply 10-20 province wide.

Other associations rent the timers from people who own their own.
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ND3canAddict
Reg. Sep 2003
Posted 2016-02-04 8:10 AM
Subject: RE: Payout/payback



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I wish more barrel racers would figure out what the total payout is on their fees.  Add the office fees, payout%, tie out... whatever tack on fee isn't paid out, then calculate what % of your money that you'll get back.  There have been some nice big local jackpots where the total return on investment is only around 50%.  No thanks, I'll stay home.

I do produce jackpots, too- so I know the time, expense, PITA of it all.  I just think you should be able to run for at least 65-70% of your total fees.   I think the BBR has a pretty fair PO schedule, and considers added money.
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rodeomom3
Reg. Dec 2007
Posted 2016-02-04 8:26 AM
Subject: RE: Payout/payback



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cheryl makofka - 2016-02-03 9:07 PM
rodeomom3 - 2016-02-03 8:34 PM  What is a timer fee??? We don't have those down here.  Only fees we may pay in addition to entry is an office fee.  Small local races, 125+ entries,  don't have any fees, larger shows may have $20 office fee/rider. 
Timer rental. One association brought this in years ago to help cover the costs of their timers as they had to supply 10-20 province wide. Other associations rent the timers from people who own their own.

 Thanks, all our associations have their own.   How many do your races draw up north?   A weekend local jackpot, no added money, $35 entry fee, usually has 150 or more.  I guess we have enough entries to cover all the costs.  There are usually a few hours of exhibitions at $4/5 each that brings in a lot of $$.   WrapN3, a local producer who always has added money will draw over 300-they have a $5 office charge per entry. There would be a mutiny down here if associations started tacking on extra fees.
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MS2011
Reg. Mar 2005
Posted 2016-02-04 8:33 AM
Subject: RE: Payout/payback



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ND3canAddict - 2016-02-04 8:10 AM I wish more barrel racers would figure out what the total payout is on their fees.  Add the office fees, payout%, tie out... whatever tack on fee isn't paid out, then calculate what % of your money that you'll get back.  There have been some nice big local jackpots where the total return on investment is only around 50%.  No thanks, I'll stay home.

I do produce jackpots, too- so I know the time, expense, PITA of it all.  I just think you should be able to run for at least 65-70% of your total fees.   I think the BBR has a pretty fair PO schedule, and considers added money.
The BBR schedule is great....but I don't like it for higher fees races.  If you're putting more than $100 up per run - it should payback better than 75%.
One of the races in Fort Worth is following their schedule - $250 EACH run and only 75% payback.  That seems rather extreme to me.

 

Edited by MS2011 2016-02-04 8:35 AM
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MS2011
Reg. Mar 2005
Posted 2016-02-04 8:34 AM
Subject: RE: Payout/payback



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rodeomom3 - 2016-02-04 8:26 AM
cheryl makofka - 2016-02-03 9:07 PM
rodeomom3 - 2016-02-03 8:34 PM  What is a timer fee??? We don't have those down here.  Only fees we may pay in addition to entry is an office fee.  Small local races, 125+ entries,  don't have any fees, larger shows may have $20 office fee/rider. 
Timer rental. One association brought this in years ago to help cover the costs of their timers as they had to supply 10-20 province wide. Other associations rent the timers from people who own their own.
 Thanks, all our associations have their own.   How many do your races draw up north?   A weekend local jackpot, no added money, $35 entry fee, usually has 150 or more.  I guess we have enough entries to cover all the costs.  There are usually a few hours of exhibitions at $4/5 each that brings in a lot of $$.   WrapN3, a local producer who always has added money will draw over 300-they have a $5 office charge per entry. There would be a mutiny down here if associations started tacking on extra fees.

I wish the WrapN3 would come to north Texas a bit.  Love the format of those races.
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rodeomom3
Reg. Dec 2007
Posted 2016-02-04 8:42 AM
Subject: RE: Payout/payback



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MS2011 - 2016-02-04 8:34 AM
rodeomom3 - 2016-02-04 8:26 AM
cheryl makofka - 2016-02-03 9:07 PM
rodeomom3 - 2016-02-03 8:34 PM  What is a timer fee??? We don't have those down here.  Only fees we may pay in addition to entry is an office fee.  Small local races, 125+ entries,  don't have any fees, larger shows may have $20 office fee/rider. 
Timer rental. One association brought this in years ago to help cover the costs of their timers as they had to supply 10-20 province wide. Other associations rent the timers from people who own their own.
 Thanks, all our associations have their own.   How many do your races draw up north?   A weekend local jackpot, no added money, $35 entry fee, usually has 150 or more.  I guess we have enough entries to cover all the costs.  There are usually a few hours of exhibitions at $4/5 each that brings in a lot of $$.   WrapN3, a local producer who always has added money will draw over 300-they have a $5 office charge per entry. There would be a mutiny down here if associations started tacking on extra fees.
I wish the WrapN3 would come to north Texas a bit.  Love the format of those races.
Wrapn3 is fantastic!  They are putting on a race in Waco in May.

Edited by rodeomom3 2016-02-04 9:22 AM
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cheryl makofka
Reg. Jan 2011
Posted 2016-02-04 9:20 AM
Subject: RE: Payout/payback


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rodeomom3 - 2016-02-04 8:26 AM

cheryl makofka - 2016-02-03 9:07 PM
rodeomom3 - 2016-02-03 8:34 PM  What is a timer fee??? We don't have those down here.  Only fees we may pay in addition to entry is an office fee.  Small local races, 125+ entries,  don't have any fees, larger shows may have $20 office fee/rider. 
Timer rental. One association brought this in years ago to help cover the costs of their timers as they had to supply 10-20 province wide. Other associations rent the timers from people who own their own.

 Thanks, all our associations have their own.   How many do your races draw up north?   A weekend local jackpot, no added money, $35 entry fee, usually has 150 or more.  I guess we have enough entries to cover all the costs.  There are usually a few hours of exhibitions at $4/5 each that brings in a lot of $$.   WrapN3, a local producer who always has added money will draw over 300-they have a $5 office charge per entry. There would be a mutiny down here if associations started tacking on extra fees.

Depending on weather and right now we are inside 24/7 we can get 20-150 on a weekend. It also depends on the arena too.
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SC Wrangler
Reg. Jul 2004
Posted 2016-02-04 10:42 AM
Subject: RE: Payout/payback


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You have always got to look deeper than the "stated payback"  when you figure the true percentage of return.  A hefty office charge can take the true payback down by double digit percentage in a blink so that only a lot of added money can make the fees palatable.
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ND3canAddict
Reg. Sep 2003
Posted 2016-02-04 10:55 AM
Subject: RE: Payout/payback



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SC Wrangler - 2016-02-04 9:42 AM You have always got to look deeper than the "stated payback"  when you figure the true percentage of return.  A hefty office charge can take the true payback down by double digit percentage in a blink so that only a lot of added money can make the fees palatable.

Exactly the point I was trying to make!   
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Remuda
Reg. Oct 2010
Posted 2016-02-04 10:59 AM
Subject: RE: Payout/payback


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75 or 80, plus office fees( even when the producer owns the facility)
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linds
Reg. Feb 2005
Posted 2016-02-04 11:01 AM
Subject: RE: Payout/payback


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To the OP - are there other fees?  If not, this isn't too bad.

If I pay $35 entry @ 80% plus $10 office charge my total fees are $45.  $28 goes in the jackpot and $17 to the producer.  They are ultimately holding back 37% of my money.  They are paying out 63% of my money.

 
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3canstorun
Reg. May 2007
Posted 2016-02-04 11:12 AM
Subject: RE: Payout/payback



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Want to stir the pot a little more - what about when the owner of a facility charges barrel racers tie out fees - per horse - and stall fees more.  And doesn't charge cutters tie out fees and his stall fees are less.  


Oh, he doesn't charge cutters a timer fee either.  But does charge a timer fee to barrel racers. 

 
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FlyingJT
Reg. Jan 2014
Posted 2016-02-04 11:34 AM
Subject: RE: Payout/payback



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3canstorun - 2016-02-04 11:12 AM

Want to stir the pot a little more - what about when the owner of a facility charges barrel racers tie out fees - per horse - and stall fees more.  And doesn't charge cutters tie out fees and his stall fees are less.  


Oh, he doesn't charge cutters a timer fee either.  But does charge a timer fee to barrel racers. 

 

We ran into the same thing.... Told us he didn't care for barrel racers-his words not mine. Tried charging us an outrages amount, I bugged him for a months and negotiated a really nice deal with him but it took a lot of work and even then he wasn't willing to do anything for us. Wouldn't work the arena before events, no tractor available unless we paid $100/hour, no lights, no stalls, nothing to help. We paid the fee to use the arena and then did everything ourselves.
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linds
Reg. Feb 2005
Posted 2016-02-04 11:46 AM
Subject: RE: Payout/payback


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FlyingJT - 2016-02-04 11:34 AM
3canstorun - 2016-02-04 11:12 AM Want to stir the pot a little more - what about when the owner of a facility charges barrel racers tie out fees - per horse - and stall fees more.  And doesn't charge cutters tie out fees and his stall fees are less.  





Oh, he doesn't charge cutters a timer fee either.  But does charge a timer fee to barrel racers. 



 
We ran into the same thing.... Told us he didn't care for barrel racers-his words not mine. Tried charging us an outrages amount, I bugged him for a months and negotiated a really nice deal with him but it took a lot of work and even then he wasn't willing to do anything for us. Wouldn't work the arena before events, no tractor available unless we paid $100/hour, no lights, no stalls, nothing to help. We paid the fee to use the arena and then did everything ourselves.

Sorry, but his place his rules.  Buy your own place and host events if it miffs you so much.

Charging different amounts to disciplines at the same facility is nothing new, barrel racers usually pay the least out of anyone - usually half as much as AQHA, NRHA, etc. 
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TrackinBubba
Reg. Aug 2006
Posted 2016-02-04 12:42 PM
Subject: RE: Payout/payback



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 Most are 70, some are 75, very very occasionally we have an 80%. 

I don't generally go if I feel like I'm being nickled and dimed by fees - an office fee, a grounds fee, etc. I'll usually pay one if it's under $10 or so. 

And, this may just be me being ornery, but I will place my butt firmly on my shoulders and stay home if they charge me a tie out fee for a one day jackpot. Call it absolutely anything else please. Something about paying a fee to tie my horses to my trailer that I have bought and paid for once already just chaps my behind. 
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FlyingJT
Reg. Jan 2014
Posted 2016-02-04 12:48 PM
Subject: RE: Payout/payback



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linds - 2016-02-04 11:46 AM

FlyingJT - 2016-02-04 11:34 AM
3canstorun - 2016-02-04 11:12 AM Want to stir the pot a little more - what about when the owner of a facility charges barrel racers tie out fees - per horse - and stall fees more.  And doesn't charge cutters tie out fees and his stall fees are less.  





Oh, he doesn't charge cutters a timer fee either.  But does charge a timer fee to barrel racers. 



 
We ran into the same thing.... Told us he didn't care for barrel racers-his words not mine. Tried charging us an outrages amount, I bugged him for a months and negotiated a really nice deal with him but it took a lot of work and even then he wasn't willing to do anything for us. Wouldn't work the arena before events, no tractor available unless we paid $100/hour, no lights, no stalls, nothing to help. We paid the fee to use the arena and then did everything ourselves.

Sorry, but his place his rules.  Buy your own place and host events if it miffs you so much.

Charging different amounts to disciplines at the same facility is nothing new, barrel racers usually pay the least out of anyone - usually half as much as AQHA, NRHA, etc. 

Wow! bad day?? little cranky aren't you....
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mruggles
Reg. Oct 2008
Posted 2016-02-04 2:35 PM
Subject: RE: Payout/payback



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Glad i came across this..i was planning on going but now im going to read the small print.....M....p.s.there is a place up here that charges a haul in fee but only during certain events....its 9 dollars a horse....
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1DSoon
Reg. May 2009
Posted 2016-02-04 2:49 PM
Subject: RE: Payout/payback





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 I don't usually look at % of payback. 

I just make sure it's equal payback, only way it's equitable. 


 
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