20 min left! buy a piece of the $200 100k gtd

[tommy62278]

maybe im wrong here but this seems like you owe these guys money s810. dk had 4% meaning he would have gotten his 20% back and 4% of the profit right? if buyin is 215$ and min cash was 450$ thats 235$ profit. 4% of that is 9.40. idk seems like youre wrong here

[s810car]

maybe im wrong here but this seems like you owe these guys money s810. dk had 4% meaning he would have gotten his 20% back and 4% of the profit right? if buyin is 215$ and min cash was 450$ thats 235$ profit. 4% of that is 9.40. idk seems like youre wrong here

Ok what you're thinking of is how a stake works, with stakeback, etc. This was buying a piece of the action, namely 1% of total cashed for $5, what i figured this at was $215, $2.15 would be 1% of buyin or in a horse/staker sit, 1/2% of the cash, so to make it an even number, doubled so $4.30 (with a 1.15 markup) so $5 for 1%.

Due to the last minute setup, I didn't go over the extra details such as makeup offering (i prefer EITHER makeup OR stakeback, not both, just the same as I offer my horses, I usually require stakeback but dont expect makeup, since I didn't go over that i was going to auto offer makeup as that is more valuable to the investor)

So to reiterate, given I was buying in myself and selling shares of my action, they technically weren't paying into the buyin (kind of like betting on a horse, you get the payout winning, not winning + initial buyin). This is typically how I would sell a share of action of games I'm buying into anyways. Now if it was staked or the investors were paying into a BAP (buy a piece) bankroll, I would most definitely have more options, including stakeback.

Any other questions on the math or why I did it this way please respond, like i said it was just a quicky, not representative of how I run stakes