A tool designed for determining prize distribution among participants in competitive events, typically based on factors like the number of entrants, entry fees, and predefined payout structures (e.g., winner-take-all, top-heavy, or even distributions). For instance, a system might automatically calculate prizes for a poker tournament with 50 players and a $100 buy-in, allocating a larger percentage of the total pot to the top finishers.
Such tools provide transparency and efficiency in managing prize pools, eliminating manual calculations and potential disputes. This has become increasingly important with the growth of online competitive gaming and esports, where large numbers of players and complex payout structures are commonplace. Historically, determining winnings involved laborious manual calculations, prone to error and disagreement. Automated systems offer a significant improvement, streamlining the process and ensuring fairness.