I have recently decided to ‘hit the road’ and get some seasoning by competing in tournaments located in other cities. Last weekend I traveled to San Francisco with a couple pool buddies and competed in a 3 man team 8 ball tournament at Jillian’s Billiards Club. There were 16 teams in the tournament and the competition was pretty strong. The good news: We won the tournament! The bad news? After covering all of our mandatory expenses there was almost no money left. This experience really hammered home one of the biggest problems facing professional pool players today. There’s not a whole lot of money in the big tournaments, especially when compared to other professional sports. I know this will come as no surprise to many, but it’s tough out there!
We are certainly not professional players; we were just three decent amateurs trying to have fun. On the fun front, the event was a HUGE success. On the financial front…well, here’s how our financials worked out:
Tournament Prize Money = $300
Entry Fees = $50
Parking Fees = (2 cars) = $64
Gasoline (2 cars) = $31
Practice table time = $20
Food = $85
Total Expenses = $250
Net profit = $300 – $250 = $50
Net profit/player = $50/3 players = $16.67 per player
Tournament time: 10am – 11pm = 13 hours
Hourly wage rate per player: $1.28/hr for each of us
Huummmmmm….not quitting my day job anytime soon!