I know that you are the one to start the thread and are the one asking the questions......but why does Rec need to pay so much to play? Why not a $15-20 entry fee that comes with a nice tournament disc and some small trophies for 1st - 3rd? If they are already paying less, why not go all the way with the concept?
Then, suddenly the question about whether to wager or to get a bunch of stuff you don't really want gets pushed up into the more competitive divisions.
$15
$4.40 pp
$2 pdga
$2 trophy
---------
$8.40 entry to pp and fees
$6.60 to payout
10 guys 70 to payout (rounding the 66.00) pay 50% of the field:
1st-$25
2nd-$16
3rd-$12
4th-$9
5th-$7
Up that to $30 with the same costs and you get:
10 guys $220 to payout (rounding the 216) pay 50%:
1st-$80
2nd-$54
3rd-$37
4th-$27
5th-$22
Sorry, I would rather pay the 30. If I "won" 5th place and coun't afford a dx disc I would be pissed.