[pfapfap]

Well, I hope your goal when entering any tournament is to more than triple your money. We obviously don't have a great shot of getting a big cash, but the possibility is certainly there. We have a bracelet-winner from last year who plays in our group occasionally. This isn't a sound investment, this is a chance at a lottery and a way to bring our group closer together as we reach towards a common goal.

There are some issues with your math, tho'. This isn't a 1:1 tourney:share relationship. It's also not $100 back per game, it's $50, as $50 is to the weekly tournament prize pool.

Let's use your same $30k but with a different distribution:

15 play all 10, that's $7500 and 450 shares.
10 play 8 for $4000 and 144.
15 play 5 for $3750 and 112.5.
10 play 1 for $500 and 11.

So that gives us ten seats and some change and 717.5 shares.

Someone who enters five tournaments has paid $250 for 7.5 shares and needs each share to be worth $33. That's a cash of 45k. But for someone who plays 8 of them, that same return gets 20% profit, and someone who plays all 10 gets double back.

Not really all that different in total concept from your distribution, but gives a clearer picture.

Keep in mind that those who are playing in all of the tournaments are likely also doing well, which means they're hopefully at least breaking even with their total entries as they go. At the very least, offsetting costs.