i'm confused. per transaction? i'm not sure we're talking about the same thing.
i'm in 2 "serious" leagues, 40 dollars (14 people) and 20 dollars (8 people) buy in for each. 300, 160, 80 price for 1st, 2nd, 3rd for the 40 buck one, plus a trophy with your name on it that we engrave every year. The 20 buck one, 160 bucks to the winner, nothing for the rest.
They're all set up a lil differently but i think the way i just described it is the more traditional. i have a friend that did a 500 pay in for one last year and 3,000 was the winner's purse, not sure what second and third was