I need help, I'm running march madness?

Question

I need help, there is 700 dollars in the pool, and I'm giving money to first second n third place how should i divide it

Answer 1

Give $500.00 to the number one winner and second and third gets $100.00 each.

Or you can do $400.00 to the number one winner and $200.00 to second and $100.00 to third place.

Let the players know your plan asap so they know what they have a chance of winning.  If you wait until the last minute, you could run into a few issues that you could have avoided.

Answer 2

400 for 1st,200 for 2nd and 100 for 3rd

Answer 3

first place- $400

second place- $200

third place- $100

Answer 4

first-300

secound-250

third-150

Answer 5

350 to 1st

200      2nd

100      third

what about the 50 dollars left?  you say!....to yourself of course for running the pool......Its fair isnt it?