$500, not $5000
It is YOUR entry fee, you pay it. It is an investment in your business. Just as rent would be in a brick and mortar business.
When I was playing golf, it cost me an average of $4000 per week in expenses, and that was 10 years ago. ( Caddy, hotel, entry fees, food, travel, etc...)
Why would a one of these top shooters risk his own $500.00 to win heads up against others of his own skill level when he can be virtually assured of a valuable item off the prize table paid for out of the average shooter's pockets?
Naw...