Quahogs wrote:Greg,
What once started out as the only high stakes event option(15tm Main Event), it now shares the stage with a multitude of different play options. The ME 15tm has two weekends and now a 3rd option yet probably won't budge from 420 total entries. The NFBC has grown tremendously but the $1500 live/online event ME contest has become a niche contest it seems. A no doubt best of the best test but probably will never be the NATIONAL 2,500 entry 250k 1st place contest we all want it to be. There are just too many other options.
If it's going to be the same 300 hardcore high stakes diehards with a few new souls sprinkled in now and then maybe it's time to slant it toward the "high stakes" player and make the entry $2000 and get the overall prize to $150,000. Let's celebrate that type of player with a grand prize worthy of that accomplishment.
Wow, I have to admit this is the most surprising post we could have received on this Live Chat today. I never expected anything quite like this. It's one man's opinion, so that's all good, but surprising nonetheless.
I guess we all look at 420 signups differently. To you Steve it might seem like a niche product, but it's still $630,000 in revenue and $500,000 in prizes. It's still the marquee event we offer and the focus of our contests. Our goal every year is to grow it and to continue growing it. It's not easy in the 15-team format because the churn rate of frustrating owners can be high, yet each year we see about an 80 percent return rate. So our problem is not attracting new players to this event, which we're trying to solve through SiriusXM, Rotowire and other promotional efforts. But a niche event? Wow, I hope it's not.
Does everyone really want 2,500 teams in the Main Event?? Is that what we're striving for? I mean, if we want big numbers then obviously the Online Championship is where we should be getting 2,500 teams and a $150,000 grand prize like we're close to doing in football. But I'm not sure everyone really wants 2,500 teams in ANY of our contests. Again, I might be wrong, though.
If we're looking for a mass market Main Event, then it's obviously the 12-team format. Maybe I have this all wrong. Maybe I should have the NFBC 12 at $1,500 or $2,000, since the masses are more familiar with that than the 15-teamer. Maybe that's where I should be trying for $150,000 like you're asking for. I have considered that and right now at $1,000 maybe it's not enough for the big hitters. Maybe that needs to be the mainstream Main Event you're asking for.
All good input and all something to consider. Thanks for being honest. We'll consider any and all here.