Minecraft Tournaments (PvP, Building, etc.)

[Sniper]

If I were to host and organize tournaments would you join? There would be an admission fee of $10 which would go towards a prize for the winner which would be 75% of the money gained.

Example:
18 people join, so therefore I would have made $180. The prize for the 1. winner would be $135.

Keeping things fair:
For the PvP Tournaments, I could just wait til CB comes out and require everybody to use it.

 

[Sniper]

Yes, it would be awesome, but it would be better if it was $5 for the entry fee since some people are poor here

Then i'd be making no profit from doing all the organizing, hosting, etc.

 

[Satelliting]

Then i'd be making no profit from doing all the organizing, hosting, etc.

You would need about 32 people to join. That would be, if you did $5, $160. First place would be $50, Second $25, 3rd $10. You would pocket the rest. That way you would make more than $10 each for 18 people. 18 people is not enough for like an actual hype tournament really, but you could start with that.

You cant expect to make a fortune the first time. You make a little, then more, then more until you start making a decent amount. Then, instead of $5 you do $10 and 1.5x the price payouts. That way you make even more, but you have to build it.