Home Game pay-out dillema, 1st is skewed?

[JonnyKK]

Hi folks. I play in a weekly 20$ buy-in tourny with a bunch of friends, and we've recently decided to come up with a payout sheet for each possible prize pool considering an optional 10$ half re-buy. This is so we can avoid confusion come payout time.

The current payout structure heavily favors 1st place, coming away with about 60% while 2nd and 3rd kinda get the scraps. I feel like this heavily favors the better players. Problem is I cant come up with a way to explain it to my buddies. And I feel like the 50/30/20 payout structure is better, bringing the edge down for better players? Is my thinking flawed? Maybe someone can explain it to me barney style. Ty [img]/images/graemlins/smile.gif[/img]