Player of the Year requirements for my League

[AceRaz]

Hello,
  I'm running numbers for Player of the Year and I came up with basic criteria (see below). I have hosted 2 Seasons with over 20 tournaments and I'd like to nominate the best and most consistent player. The criteria is as follows:

-Total amount of final tables (minimum of 4 final tables/per player will be considered)
-Total cash out amounts (1st thru 4th places)

The only concern I have is that I have few players with many final table appearances but have made less money (cash outs) compared to others. I'm not sure how I can make it fair. I'm willing to consider the total points, total hits (bust outs) and total tourneys played if needed.

Do you guys have any idea what the best approach would be?

For example:
I have player A who has made 9 final table appearances with 4 cash outs totalling $2411 and I have player B who has made 3 final table appearances with 3 cashouts totalling $3200.

Should Player B be considered POY over player A? I think not since player A has shown more consistency and more effort to be on more final tables, but of course made less money...

Any thoughts and suggestions are greatly appreciated,

Ace

[spade117]

Wins are more important than consistency to me.

[Odaiih]

More credit should be given to the final four (cashes) than to just making a final table.  A Player of the year should be somone consistently cashing vs. simply making a final table.  My two cents.

[icehawk]

How many players are in your league?  How many people are at the "final table"?  If the number of people at the final table is more than 33% of the people in your league, I wouldn't put too much weight in that stat.

Why don't you just use a points formula like Neau's?  What you are trying to do doesn't seem like much more than tabulating points for a league.

[TC]

In our League the POY is whoever has the most points at the end of the year.  Tried to duplicate Cardplayer magazine.  They run the points. 

I also have three other categories getting prizes:

Most cashes
Most money won.
Most weekly wins.

this is just my .02.

TC

[demon604]

My player of the year is something I personally decide based on participation, gamesmanship, and overall play.  Stats never matter much because those with the stats have already won stuff already, like the payouts, lol.  It's just something I hand out annually at my New Year's Tournament to a player who stood out during the year based on the points above.

Last year it was my father, who I presented with with a bottle of scotch.  Almost every tournament, he helped setup tables and chairs, tracked down and invited players, played very well (he was our top money player), always helped with cleanup and treats everyone with respect.

This year it shall go to an old friend who has done much of what I said above, and is also probably the most improved player in our group over the past year.

Just a little insight into how I do it.

[austin5string]

My player of the year is something I personally decide based on participation, gamesmanship, and overall play.  Stats never matter much because those with the stats have already won stuff already, like the payouts, lol.  It's just something I hand out annually at my New Year's Tournament to a player who stood out during the year based on the points above.

Last year it was my father, who I presented with with a bottle of scotch.  Almost every tournament, he helped setup tables and chairs, tracked down and invited players, played very well (he was our top money player), always helped with cleanup and treats everyone with respect.

This year it shall go to an old friend who has done much of what I said above, and is also probably the most improved player in our group over the past year.

Just a little insight into how I do it.

That's a cool way to do it.  Another possibility would be to have the POY decided by vote of all participants.  Have everyone cast a ballot with their 2 or 3 votes, ranked in order.  Tally votes based on the place (3 pts for a first place vote, 2 for a 2nd, 1 for a 3rd).  That way the player would be selected by their peers and you could state that the voting should be based not only on performance, but also on gamesmanship, etc.

[AceRaz]

thank you all for the replies. I have come up with a point system that will allow determine the best way to crown the POY. I have designated different point structures for the different type of tourneys ($50 buy-in, $100 buy-in, Heads-up, etc. just like Card Player magazine). With that in mind, I give points for 1st places thru 4th (payout spots) and then an extra point for each final table appearance.
So far it's worked out well and people have accepted it. I also will setup a 'poll' under my site for other players to vote on the top 3 and see if the possible POY is liked by everyone while sitting at the tables and overall conduct.

See my attached excel file...scroll down to the tourney legend on the bottom of the excel page.

Ace

[3ball]

I created a formula to compute a POY for my league.  Right or wrong, it seems to come out about right when I compared it for last season.

(SQRT(((1+CashAvg+KOAvg)/(AvgF+1)*(TPAvg)))))


Note- All averages are computed like a baseball batting average
CashAvg= Number of times a player has cashed divided by number of tournaments that player has played
KOAvg= My league counts KO's, this is the average number of players you knock out per tournament
AvgF= This is my new favorite stat.  It is your average finish per tournament played.  Example, you finish 1st out of 8 players, your average for that tournament is 0.125, 2nd would be 0.250, etc.  It does have its flaws, example 1st out of 3 would be worth less than 2nd out of 8, but oh well.
TPAvg= Number of tournaments a player has played in out of the total that has been played.


It certainly isn't perfect, but the creme of the crop will rise.  One thing I really noticed when running it with last seasons numbers is the guy that won the regular season title finished 5th in the POY rankings.  Why?  He only played in 8 of the 23 tournaments.  He won the regular season because it was scored on an average, that has changed for this season.  That's not to say that if you don't show up all the time you won't win it, but you do get credit for coming, which should be the case.  Plus last year was very close at the top, that also helped him slide when compared to others.

[Wedge Rock]

EJ, mind if I borrow this formula?  I'd like to compare it to the current formula (Neau's) and see how it changes things...

[3ball]

Sure thing.  This only does the POY rankings in my league though.  The actual scoring system for the league tournaments is different.  That scoring is listed below, and is based heavily off of the good doc's.

tournament score=[((sqrt((n*b)+w))/(f+1))*10+ko]
sqrt=square root
n=number of entries in a tournament
f=finish place in the tournament
log=logarithm
ko=knockouts
b=buy-in cost
w=winnings in the tournament

[3ball]

I need to correct myself.  KOAvg actually is the % of people that you have knocked out overall, not just in 1 tournament.