I am oddly, ummm, flattered(?) that you are this interested to take the time to check with your contacts, and investigate the selling price of the package on websites, and type out lengthy responses telling me I'm trying to rip people off and I have little to no chance to win.
We can agree to disagree that my initial investment in this tournament is $55. If you bought stock ABC for 50k and it is now valued at 100k, and now you were going to sell a 10% share of it, I'm pretty sure I know what you would charge and it isn't 5k. That is this situation. It doesn't matter what I bought into the satellite for, the bottom line is I have well over 750 invested in opportunity costs.
Anyway I almost didn't post this cause I knew the lion's share of the comments were going to be "what do you mean you can't swing this". Everyone at the RX is a baller, they all bang supermodels and wipe their asses with benjis.
Since you obviously are not interested, move along. Or why can't you just post "good luck" or something? I am trying to figure out if you are trying to be forum watchdog on this deal or what. It is not a big deal to me, I just threw the idea out there. I can assure you I'm not trying to screw people over and yes your posts come off like you are accusing me of that.
Yes I have won at a high rate in MTT's lately. I used that money to pay my book because I'm 1-32523432532 in college football so far.
I just won a $500 first prize in the rebuy tourney tonight, so I am a lot closer to being able to swing it myself anyway.
Thanks for all the concern though.
We can agree to disagree that my initial investment in this tournament is $55. If you bought stock ABC for 50k and it is now valued at 100k, and now you were going to sell a 10% share of it, I'm pretty sure I know what you would charge and it isn't 5k. That is this situation. It doesn't matter what I bought into the satellite for, the bottom line is I have well over 750 invested in opportunity costs.
Anyway I almost didn't post this cause I knew the lion's share of the comments were going to be "what do you mean you can't swing this". Everyone at the RX is a baller, they all bang supermodels and wipe their asses with benjis.
Since you obviously are not interested, move along. Or why can't you just post "good luck" or something? I am trying to figure out if you are trying to be forum watchdog on this deal or what. It is not a big deal to me, I just threw the idea out there. I can assure you I'm not trying to screw people over and yes your posts come off like you are accusing me of that.
Yes I have won at a high rate in MTT's lately. I used that money to pay my book because I'm 1-32523432532 in college football so far.
I just won a $500 first prize in the rebuy tourney tonight, so I am a lot closer to being able to swing it myself anyway.
Thanks for all the concern though.
and play 4x more poker.
I was wondering when you would make this type of reply. You have taken this personally, while I have looked at it as nothing more than a possible business transaction or investment. Believe me I wouldn't be selling anyone any % of a stock investment that they could simply make themselves. When I have investments that profit, I sell and I keep all the profits, after all I invested all of the money. The stock market is a much different animal and I've made several posts in the forum and made others a lot of money for just following along without asking for any type of kick back and yes they were lengthy responses back to others. Communication between people is a great thing, no matter what anyone thinks.
I would be doing myself a disservice if I didn't ask others more in the know in this area than I. Due diligence is important to me as it should be to everyone before getting involved in any financial transaction.
I gave you the advice that was passed on to me and I added my own comments which if you go back and review, you'll see I said I hope you take it down.
As for being forum police in a thread, nahhh... thinking you're ripping people off, nahhhh..... Do I think it's a bad deal after speaking with people in the know? Based on their comments... yes.
Pocketrockets spelled it out a bit further about the type of players that will be in this tournament.
If you were rubbed the wrong way this easily, then I don't know what to tell you. I said I wasn't trying to bust balls and will say it again, if you enter the tournament, I hope you take it down.
One last thing, I didn't investigate selling prices on any website that's what my contacts advised me it was going for. Sorry for trying to give you helpful pertinent information.
Good luck!
Seeing the issues...why don't u just take the $750 in backers and just have it be 50% of your winnings....if u bust before rebuy u rebuy and if you don't rebuy and fail to cash everyone gets a 50% rebate (including u on $375 not paid back)
im im not sure if this makes it fair but it sounds like it to me
im im not sure if this makes it fair but it sounds like it to me
IF you want this backing you would have to agree to pay 50% of your winning regardless if you use the rebut or not.
Just having the ability to rebuy even if you do not end up using it changes your strategy for the entire tourney and opens up possibilities for you to take advantage of knowing you have a rebuy in your back pocket used or not not used.
Just knowing this could be the difference in cashing or not cashing in this tourney.
So thats a big deal.
And having that rebuy is worth something to you even if you never use it.
So if you want people to back you to give you this ability they deserve to be compensated.
50% of all winnings regardless if you use the RB or not.
So with that being said the only fair thing to an investor is to offer the investor 50% of all winnings for the $750 share.
This is the way it works in real life, if you find people that is willing to send you $750 doing at your way good for you, but as a potential investor I would have to pass.
Just having the ability to rebuy even if you do not end up using it changes your strategy for the entire tourney and opens up possibilities for you to take advantage of knowing you have a rebuy in your back pocket used or not not used.
Just knowing this could be the difference in cashing or not cashing in this tourney.
So thats a big deal.
And having that rebuy is worth something to you even if you never use it.
So if you want people to back you to give you this ability they deserve to be compensated.
50% of all winnings regardless if you use the RB or not.
So with that being said the only fair thing to an investor is to offer the investor 50% of all winnings for the $750 share.
This is the way it works in real life, if you find people that is willing to send you $750 doing at your way good for you, but as a potential investor I would have to pass.
Based on what others have said, basically the regular going rate for this type of deal would be either:
a) If I want 2 buy-ins available to me, I get backed for half of it (750). Then backers have 50% stake regardless if I use both buy-ins or not.
b) I go ahead and play my first buy-in. If I need a 2nd one I can get half of it backed (375) and back the other half myself, and then those people have 50% stake.
Going to be totally honest neither of these deals sounds particularly attractive to me. Option (a), I don't think I could live with myself if I didn't use a rebuy and I final tabled the tournament and had to give half the winnings away for no reason. Option (b), if I want a rebuy I can swing the other 375 if it means I will own 100% stake instead of 50%.
So if my deal sounds unfair to some, and the "fair" deal sounds unattractive to me...then I guess what's the point in doing it right?
I appreciate those that PMed or replied in here that they would help out. I'll go back to the drawing board and see if I can come up with something that sounds good for all parties.
a) If I want 2 buy-ins available to me, I get backed for half of it (750). Then backers have 50% stake regardless if I use both buy-ins or not.
b) I go ahead and play my first buy-in. If I need a 2nd one I can get half of it backed (375) and back the other half myself, and then those people have 50% stake.
Going to be totally honest neither of these deals sounds particularly attractive to me. Option (a), I don't think I could live with myself if I didn't use a rebuy and I final tabled the tournament and had to give half the winnings away for no reason. Option (b), if I want a rebuy I can swing the other 375 if it means I will own 100% stake instead of 50%.
So if my deal sounds unfair to some, and the "fair" deal sounds unattractive to me...then I guess what's the point in doing it right?
I appreciate those that PMed or replied in here that they would help out. I'll go back to the drawing board and see if I can come up with something that sounds good for all parties.
That is incorrect. When players offer shares of themselves they are selling a % of the tournament and that % is based on the buy in of the tournament only. Players aren't buying into shares of sheets, pillows, drinks and deserts.
The player is selling a piece of themselves because they are going to be there playing in the tournament. If they can't afford room/meals to enter a tournament then they shouldn't be playing in it.
The term player is in a general manner of speaking and not referring to HC.
So for 750 I could buy Ivey and other top players and get half :think2:
The thing is a player wants to play for free that's travel room board ect
So I guess were both technology right as a sponsor would get you there and pay expenses for a cut of money won
So the player would be selling shares of his already cut percentage
That's the way some Bowlers I used to know did it as they didn't work just bowled
The thing is a player wants to play for free that's travel room board ect
So I guess were both technology right as a sponsor would get you there and pay expenses for a cut of money won
So the player would be selling shares of his already cut percentage
That's the way some Bowlers I used to know did it as they didn't work just bowled
Agreed. Let's say that you decide you want to back me slapshot. We'll throw out the entry I won and pretend that doesn't exist.
Me: "OK Slapshot, here's what I'll do. I will pay 50% of the entry fee, fly down to Panama, put myself up in a hotel, and grind away at the tournament for 8 days."
You: "OK, I'll pay 50% of the entry fee, and follow your chip counts via your Twitter. And we'll split the winnings 50/50"
Me: "............."
I'm not saying what HotPizza says is "wrong" as far as it being industry standard. I'm saying industry standard is bullshit and I would never want to be backed under those conditions.
I always thought it was the backer pays the full entry, the player plays the cards, and they split it 50/50. The way HotPizza is saying it works, you're basically saying there is ZERO value in actually winning the tournament. The ONLY value is the money that each party brings to the table. I think that's bullshit.
I always thought it was the backer pays the full entry, the player plays the cards, and they split it 50/50. The way HotPizza is saying it works, you're basically saying there is ZERO value in actually winning the tournament. The ONLY value is the money that each party brings to the table. I think that's bullshit.
