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Algorithm To Calculate Prize Structure For Tournaments(i.e. poker, lottery etc.)

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Algorithm To Calculate Prize Structure For Tournaments(i.e. poker, lottery etc.)

This is a program that I designed for the mobile app Winerz, they required an algorithm to calculate the payout structure for in-app tournaments. This program utilizes the methodology put forth in the paper at https://arxiv.org/pdf/1601.04203.pdf. Utilizing this power law method allows us to create the ideal incentive structure for tournaments. Please feel free to use this program to generate payouts for poker tournaments, games etc.

Use instructions:

  1. Enter the number of participants
  2. Prize pool = 5% of participants EUR
  3. Customise top prize
  4. Customise min prize
  5. Payouts returned as .csv file

User Example JPG:

user_example.png

Output Example JPG:

output_example.png

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Algorithm To Calculate Prize Structure For Tournaments(i.e. poker, lottery etc.)

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