I think it needs to be discussed before money is paid
The only thing that needs to be discussed is if people want this to be 1 strike and you're out, or 2 strikes and you're out.
I think for $500 buy-in I'm leaning personally to 2 strikes and your out.
I would hate for someone who $500 is a nice chunk of money to lose $500 in week 1.
I want this to be fun for all involved.
Yes the ultimate goal is to make a nice payday, but also the goal is to have fun.
I want everyone to enjoy this contest and do this year after year.
So since the buy in is $500 2 strikes and your out may be the way to go on this contest.
But I'm all for majority rules.
I am also committed to me holding the first 10 entries then letting someone else who has proven in the past to be very reliable and trustworthy to hold the next 10 entries and so on.
Im sure I can probably sweet talk Willie99, BAS, or Hacheman into doing this.
I trust all 3 of those guys 100%.
They have held large sums of money in the past for contest with no problems.