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Prize Money Breakdown Formula

The following table provides the percentages used in determining the breakdown of prize money in Michigan Players Tour events.


Purse Breakdown
Place
Percentage of Purse
1
20 %
2
11.25
3
9.375
4
8.125
5
7.0
6
6.0
7
5.125
8
4.375
9
3.75
10
3.25
11
2.875
12
2.625
13
2.375
14
2.125
15
1.9375
16
1.75
17
1.5625
18
1.4375
19
1.3125
20
1.1875
21
1.125
22
1.0625
23
1.0
24
.96875
25
.9375
26
.90625
27
.875
28
.84375
29
.8125
30
.78125
31
.76875
32
.75625
33
.74375
34
.73125
35
.71875
36
.70625
37
.69375
38
.68125
39
.66875
40
.65625
41
.64375
42
.63125
43
.625
44
.61875
45
.6125
46
.60625
47 and below
.6


The mathematical formula used to determine the payout at each place is:

pn = 0.2P(n)-0.85


where

pn = payment amount at
nth place

P = total purse

n = place





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