If you have read the first part of this article How to Evaluate a Craps Tournament (part 2) you are now wondering how you can avoid the same mistake I made. I’d start with asking the following questions about every tournament you consider entering and demanding to know the answers before you get on a plane or hop in the car to travel to the location.
What are the rules?
Insist on knowing all the rules, preferably in writing, before you journey to wherever the craps tournament will be held. Who owes money will you use to participate? What are the requirements during the playing time? Are certain minimum bets required? Any tournament organizer or promoter who is hesitant to reveal details may be hiding something.
How much does the tournament cost?
Some tournaments are completely free, which sounds like a good deal, but you must factor in personal costs such as travel and lodging. If the tournament has an entry fee or other costs associated with it, you must make an individual decision about its value.
What prizes can you win?
Any competition with an entry fee should pay out a prize to the winner that is comparable to the total amount of entry fee money collected. First, find out if the prize payout is guaranteed to go to someone. Next, weighed the prize possibilities with your costs involved in playing. Realize that casinos hold tournaments in order to market their establishment to more players. These people will probably be spending more money while they are at that tournament, so the casino should pay out large prizes to winners.
How long will the tournament take?
A craps tournament may take anywhere from an hour to multiple days. It is important for you to be completely aware of how much time is involved with the entire process. There may be qualifying rounds and final rounds you participate in if you win. The casino wants you to state there and try other games for as long as possible. Not only is knowledge of length important when you are booking your rooms and making travel plans, but it can also help you determine whether the entry fee and prizes are fair.
How many people will participate in the tournament?
Ask the contest organizer if there is a minimum and maximum number of people who will play craps in the tournament. It may be possible that the number of people who pay the entry fee can have a bearing on the ultimate prize money. Make sure you understand the scale of the competition before joining.
To avoid costly and wasteful experiences like mine, evaluate every craps tournament you are interested in entering before you make travel plans and pay the entry fee. While tournaments labelled as free may be enticing, they usually have associated costs that maybe outside your financial capabilities. These questions listed above can help you determine whether a particular the event is right for you.