So MCO is trying to move towards the payout model that mdinnerspace says is superior.
Millionaire Chess 3
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Apr 10, 2016
0
#363
SilentKnighte5
I've yet to figure out what Ashley and Lee are trying to do. Initially, I thought that MCO was just a posh tournament for affluent chess players. Trouble was that there weren't enough affluent chess players willing to spend the money. Now, they've just become an enhanced version of the World Open (MCO guarantees $300K, WO guarantees $225K).
It will be interesting to see if their modified approach works.
themaskedbishop wrote:
If you know anything about chess players as a group, you know that drinking, gambling, and partying at strip clubs are not how they look to fill their time between rounds.
Huh? For real?
RubiksRevenge wrote:
Maybe there are 1000 sandbaggers out there, would love to see sandbagger versus sandbagger. Just like when 2 computer cheats play 5 min chess against each other.
ROTF.
This whole MC thing is comedy gold!
Back in the day, we took our boards, pieces and clocks to the clubs (after they closed the kibbitz room at 2:00 a.m.).
Guess today's players are not made of the same stuff.
It goes without saying... we never drank a drop, gambled nor looked at the gals. Stickly chess.
mdinnerspace wrote:
"never looked at the gals" thats an entirely seperate issue. although i hear it is pretty well accepted nowadays.
Back in the day, we took our boards, pieces and clocks to the clubs (after they closed the kibbitz room at 2:00 a.m.).
Guess today's players are not made of the same stuff.
It goes without saying... we never drank a drop, gambled nor looked at the gals. Stickley chess.
40 entries in 10-11 days is very decent. As woton posted earlier, the World Open, which traditionally gets 1200+ entries every year, has about 119 entries as of today, about 2.5 months before the tournament. Chess players usually procrastinate when it comes to registering for chess tournaments, even major ones. There are still 6 months before MC3, and the "early bird special" lasts for two months this year (giving players more time to wait before committing), as opposed to one month last year. MC made a lot of good changes this year that should attract more entrants, including increasing the time control for the Under sections (it was 40/90 last year; it is 40/120 this year) and, of course, lowering the entry fee. I predict at least 1200-1300 entries by October. 1800 entries might be tough, though!
Keep in mind this last prediction was made by someone "promoting" the event. 40 entries thus far imo shows little interest. Early entry saves a chunk of change. Players will not be rushing to play at the last moment. Very tight restrictions have been placed by MC to guard against sandbagging. I think players would enter early to ensure they play in the section entered.
For most that will play they already have the funds. A few may be saving their bucks, but at the fee of $500 the tournament is not for those living on a limited income. The more entries early on attracts more entries, potentially increasing guaranteed prizes.
Atlantic City an improvement ?. The only potential improvement is proximity to NY. The place is a DUMP. Been run down for years. Spend a vacation there?
richie_and_oprah wrote:
challenge him to a game of chaturanga.
Kingandmate wrote:
40 entries in 10-11 days is very decent. As woton posted earlier, the World Open, which traditionally gets 1200+ entries every year, has about 119 entries as of today, about 2.5 months before the tournament. Chess players usually procrastinate when it comes to registering for chess tournaments, even major ones. There are still 6 months before MC3, and the "early bird special" lasts for two months this year (giving players more time to wait before committing), as opposed to one month last year. MC made a lot of good changes this year that should attract more entrants, including increasing the time control for the Under sections (it was 40/90 last year; it is 40/120 this year) and, of course, lowering the entry fee. I predict at least 1200-1300 entries by October. 1800 entries might be tough, though!
You're nuts. And ignorant.
And will proven to be a fool as well.
richie_and_oprah wrote:
Kingandmate wrote:
40 entries in 10-11 days is very decent. As woton posted earlier, the World Open, which traditionally gets 1200+ entries every year, has about 119 entries as of today, about 2.5 months before the tournament. Chess players usually procrastinate when it comes to registering for chess tournaments, even major ones. There are still 6 months before MC3, and the "early bird special" lasts for two months this year (giving players more time to wait before committing), as opposed to one month last year. MC made a lot of good changes this year that should attract more entrants, including increasing the time control for the Under sections (it was 40/90 last year; it is 40/120 this year) and, of course, lowering the entry fee. I predict at least 1200-1300 entries by October. 1800 entries might be tough, though!
You're nuts. And ignorant.
And will proven to be a fool as well.
Think and say what you'd like. We'll see who is the "fool" in October. Please save and remember this thread and your posts then.
mdinnerspace wrote:
Keep in mind this last prediction was made by someone "promoting" the event. 40 entries thus far imo shows little interest. Early entry saves a chunk of change. Players will not be rushing to play at the last moment. Very tight restrictions have been placed by MC to guard against sandbagging. I think players would enter early to ensure they play in the section entered.
I'm not "promoting" MC or its events. I am just an enthusiastic past participant who likes to see the glass as half full, not half empty, as most posters in this thread seem to like to do. I was actually not going to attend MC3 because they were insisting on a time control of 40/90 before. But they listened to my feedback and that of others and lengthened the time control. I will probably attend now.
mdinnerspace wrote:
Keep in mind this last prediction was made by someone "promoting" the event. 40 entries thus far imo shows little interest. Early entry saves a chunk of change. Players will not be rushing to play at the last moment. Very tight restrictions have been placed by MC to guard against sandbagging. I think players would enter early to ensure they play in the section entered.
Trying so hard, lulz.
The deadline for the early registration fee isn't until May 31st. There's no big incentive to register super early this year.
- The first fee of $499 doesn't end until May 31st. There's plenty of time between now and then for more preregistrations. What's more, it only goes to $549 after that date. And even if you wait until September to register, it's still only $599.
- There's no need to plan months in advance to book hotel and airfare to be in Vegas for a week. This tournament will be in driving distance for a lot of people in the PA/NJ/DE area. And that's where the majority of the active tournament players are.
In previous iterations of MCO, what you got at the early deadline was about what showed up to the tournament. I think last year the early registration was ~$1000 and it jumped to $2000 for anyone who decided at the last minute. There will be a lot more people who sign up later than sign up early, IMO.
The only thing that should be troublesome to entrants is the $510,000 fund is based on 1800 entries. They won't get 1800 entries. Here's how I see it. US Amateur Team East is held in the same region and it attracts about 1100 entries, which is the same as the World Open. USATE is U2200 rating though, which means there's another 100-150 possible entrants out there to boost that. But you shouldn't be estimating anything based on more than 1100 entries here. There's plenty of past data to look at with WO and USATE.
They have learned from the first 2, but still have some lessons to learn. But at least the prize fund isn't unconditionally guaranteed, so they won't take a huge loss.
All that said, I think the O/U here is ~950 entries.
SilentKnighte5 wrote:
mdinnerspace wrote:
Keep in mind this last prediction was made by someone "promoting" the event. 40 entries thus far imo shows little interest. Early entry saves a chunk of change. Players will not be rushing to play at the last moment. Very tight restrictions have been placed by MC to guard against sandbagging. I think players would enter early to ensure they play in the section entered.
Trying so hard, lulz.
The deadline for the early registration fee isn't until May 31st. There's no big incentive to register super early this year.
The first fee of $499 doesn't end until May 31st. There's plenty of time between now and then for more preregistrations. What's more, it only goes to $549 after that date. And even if you wait until September to register, it's still only $599. There's no need to plan months in advance to book hotel and airfare to be in Vegas for a week. This tournament will be in driving distance for a lot of people in the PA/NJ/DE area. And that's where the majority of the active tournament players are.In previous iterations of MCO, what you got at the early deadline was about what showed up to the tournament. I think last year the early registration was ~$1000 and it jumped to $2000 for anyone who decided at the last minute. There will be a lot more people who sign up later than sign up early, IMO.
The only thing that should be troublesome to entrants is the $510,000 fund is based on 1800 entries. They won't get 1800 entries. Here's how I see it. US Amateur Team East is held in the same region and it attracts about 1100 entries, which is the same as the World Open. USATE is U2200 rating though, which means there's another 100-150 possible entrants out there to boost that. But you shouldn't be estimating anything based on more than 1100 entries here. There's plenty of past data to look at with WO and USATE.
They have learned from the first 2, but still have some lessons to learn. But at least the prize fund isn't unconditionally guaranteed, so they won't take a huge loss.
All that said, I think the O/U here is ~950 entries.
Exactly. I myself am waiting until close to May 31 to register, as I am not 100% sure about doing it yet. If they get even 100-150 entries by May 31 (and I think they will get more), I think that will still portend good eventual numbers.
Personally, I don't like that the full $510,000 prize fund isn't unconditionally guaranteed, but at least MC won't lose money this year, and that means that they can financially sustain themselves for future years. Based on 1200 entries, in the Under sections, first place will be about $13,000, second place is about $6,700, and third place is about $4,000. I would prefer bigger prizes, but these are still larger than those at the World Open and any other open tournament.
Jeez ... how many promoters is MC hiring this go around to post here? When you talk exactly the same as one, use the the lingo and hype, it matters not that you admit to promoting the event. YOU ARE .
Intelligent readers see thru the posturing. Denial leads to no credibility. King... it's as if you copied and pasted the spin MC is promoting. Think for yourself. I can read the newsletters without your help.
Kingandmate from Las Vegas. .. I will pay your entry. Just verify your name and no affiliation with MC. Easy to do. That is how confident I am of your role.
Apr 11, 2016
0
#379
richie_and_oprah wrote:
Scadenfreude Bump
This sums up all the posts in all the MC topics fairly well 
You don't understand. I'm of the opinion MC is not good in the long term for chess. It's not personal, it's principles and the approach that concerns me. The model is counter- productive to lasting success in the US.
You on the other hand, only talk of how wonderful it is to have large sums of money dangled in front of hobby players. I never tell people not to enter, just beware of all the facts. Your only concern is promotion, glossing over and ignoring many of the pitfalls.
Are the payouts for the bottom sections % wise as large in the World and Phili Opens?
I haven't checked my calculations (the number of prizes is mind boggling) but it looks like the World Open and Philadelphia Open allocate about 25% of the prize fund to the <1600 and below sections. MC allocates about 20%.
The big difference is the amount allocated to the Open Section: WO and PO, about 25%, MCO 43%.