Group A is going to get in every derby they can on the bodies of water they have confidence
Group B and C are fishing the derby with a “throw down my cash and see what happens” attitude. This is as much recreation as anything for them. Chances are they are going to be competing against Group A whether the entry is 150 or 350.
Break Down of the Finances
5 event circuit assuming 35 boats
Entry fees 150 x 5= $750
Fuel for tow vehicle and boat 200 x 5= $1000
Food 50 x 5= 250
Lodging 60 x 5= 300
Total expense= 2050 for 5 derbies
Highest possible winning assuming 1200 1st place award= $6000
Highest attainable profit = 3950
Potential Return on invest investment 193% (not bad, but remember you must win every event), Lets say you get 4th in every event and win $200 each time. That’s respectable right? Well you just lost a grand.
ROI= -51%
1 10k Open event
Entry fees $350
Fuel for tow vehicle and boat $200
Food 50
Lodging 60
Total expense= $660
Highest possible winning assuming 10k for 1st, 2k for 5th
Potential Return on invest investment= 1415% if you win, 203% for 5th place (assuming full field of 100 boats)
So what are group B and C really looking for? A return on the chances they take, or more chances to fish against a smaller field and a better possibility to win, get plaques to hang on the wall and feed the ego?
The math says you have a chance at greater profit if you fish the one open tournament and go fun fishing 4 other weekends.
