A method is disclosed for collecting fees from, managing, and remunerating contestants in a livestock roping and/or rodeo competition. Contestants in a competition are remunerated after being eliminated in successive runs of the competition in accordance with a predetermined criteria. The remuneration may be monetary and based on total revenue generated, based on the entry price, based on the costs of travel, or in the form of commercial products, such as hardware, music productions, software and the like, as disclosed herein. The object of the present invention is to provide contestants with a way of mitigating the inherent risk of being eliminated from most roping competitions after one, two, or a short amount of runs and having to bear the complete loss of entry fees, travel, board and other incidental expenses. A further object of the present invention is to provide a way of recognizing the membership of contestants from multiple organizations in a single event provided they announce the intention of competing in an event open to all memberships before entering and winning qualifying competitions.
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