The Masters prize money is split according to a designated formula. In case of a tie for third place, the money prize for third and fourth place are averaged and awarded to the two players.
First is win or won, Second is place, & third is show
The winner of an event gets a gold medal, the second place finisher gets a silver medal, and the third place finisher gets a bronze medal.
The prizes in the Olympic games are medals. The winner receives a gold medal. The second place finisher receives a silver medal. The third place finisher receives a bronze medal.
The first-place finisher can be any one of the 9 skiers. For each of these choices, the second-place finisher can be any one of the remaining 8 skiers. For each of these choices, the third-place finisher can be any one of the remaining 7 skiers. So there are (9 x 8 x 7) = 504 ways in which the first, second, and third places can be comprised of members of the group of nine skiers.
The winner keeps what he/she has won, the second place finisher receives $2000 and the third place finisher receives $1000. When the defending champion does not win a match, he/she gets to keep what he/she won in previous games, as well as the consolation prize for second or third place for that match.
At the 2008 Games in Beijing, second place finisher Churandy Martina of Netherlands Antilles and third place finisher Wallace Spearmon of the United States were both disqualified in the men's 200 meter final for stepping out of their lanes.
Of the three contestants, the one who finishes with the most money wins the game and gets to keep the money. The contestant who finishes in second place receives $2000 and the third place finisher receives $1000. The winner of the show gets to return to play two new challengers. If the returning champion wins, that day's winnings are added to his previous winnings. If he finishes in second place, he receives $2000 for that game in addition to his previous winnings, if he finishes in third place, he receives $1000 plus previous winnings.
Amanda came in first with $17000 so that is how much cash she earned for the day. The second place finisher received $2000 and the third place finisher received $1000 as consolation prizes.
Its usually depends who the second place finisher is in big meets. But yes, they usually do get paid but much less.