The following table provides the percentages used in determining the breakdown of prize money in Michigan Player's Tour events.
|
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
pn = payment amount at P = total purse n = place |
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