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Paul Bourgeois
ODGC Tuesday Night Coordinator


Joined: 21 Aug 2005
Posts: 1687
Location: Ottawa, Ontario

PostPosted: Tue May 15, 2007 11:23 pm    Post subject: TOSS 2007: Payout Schedule Reply with quote

Some were wondering how the payouts work. Here is the gist of it:

Determining and Rewarding Weekly Winners
a) On completion of a TOSS Event, a performance order will be determined among the players that compete as Participants.
b) The performance order will be ranked according to a player’s adjusted score, which is calculated by taking their aggregate score for the round and subtracting their pre-round TOSS Handicap. The player with the lowest adjusted score will be considered as having finished first for the week. Positions follow in ascending order of adjusted score.
c) In the event of a tie, the tied players will be considered to have finished in the best possible position for their score, and the player with the next highest adjusted score will be considered to have finished in the position equal to the total number of players with lower adjusted scores, plus one (1).
d) Weekly winners will be rewarded according to the following formula:
First place = Nd
Second place = (N-1)d
...
Nth Place = d
where each payout is rounded to the nearest whole number, where N is the number of places to be awarded, and where d is the divisional payout calculated using the following formula:
d=Total Payout / (sum of n from n=1 to N)
where N is determined to be the largest possible value for which:
d>=R
where R is the weekly registration fee for Participants.
e) In the event of a tie among participants eligible for a performance reward, the sum of the available rewards resulting from the tie will be split equally from among the tied players eligible for that reward. The amount rewarded will not be rounded to the nearest dollar. If the available reward for tied players is less than the registration fee, the tied players, at their own discretion and as dictated by unanimous agreement amoung those tied players, may participate in a play-off hole or contest of their own design.
f) Where, due to the rounding of payouts, additional cash is available to be rewarded or additional cash is required to be returned from the payout in order to balance the total available payout, the allocation of the offset reward will be determined first by attempting to award tied players exact dollar values, then so as to award the lowest paid player that did not tie, or to penalize the player receiving the greatest payout.
g) The performance reward may consist of cash, an item of value proportional to that calculated above, or any combination thereof. The nature of the performance reward will be communicated to the membership prior to the beginning of the TOSS Season.

Those are the regulations, and here is the 2007 payout table (for up to 25 players)
# Players $Payout 1 2 3 4 5
2 $6.00 $6 $0 $0 $0 $0
3 $9.00 $9 $0 $0 $0 $0
4 $12.00 $12 $0 $0 $0 $0
5 $15.00 $10 $5 $0 $0 $0
6 $18.00 $12 $6 $0 $0 $0
7 $21.00 $14 $7 $0 $0 $0
8 $24.00 $16 $8 $0 $0 $0
9 $27.00 $18 $9 $0 $0 $0
10 $30.00 $15 $10 $5 $0 $0
11* $33.00 $17 $11 $6 $0 $0
12 $36.00 $18 $12 $6 $0 $0
13* $39.00 $20 $13 $7 $0 $0
14 $42.00 $21 $14 $7 $0 $0
15* $45.00 $23 $15 $8 $0 $0
16 $48.00 $24 $16 $8 $0 $0
17# $51.00 $20 $15 $10 $5 $0
18 $54.00 $22 $16 $11 $5 $0
19 $57.00 $23 $17 $11 $6 $0
20 $60.00 $24 $18 $12 $6 $0
21 $63.00 $25 $19 $13 $6 $0
22 $66.00 $26 $20 $13 $7 $0
23* $69.00 $28 $21 $14 $7 $0
24 $72.00 $29 $22 $14 $7 $0
25 $75.00 $25 $20 $15 $10 $5

* - dollar from 1st;
# - dollar to last.
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