$5 per % of action
Taking till end of level 10, at 18k stack now, accepting bcp ONLY, come get it :cool:
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$5 per % of action
Taking till end of level 10, at 18k stack now, accepting bcp ONLY, come get it :cool:
also gonna allow points, 2750 per % (equal to redeem)
DK12 has 4%, arraigned for payment later
k this is closed now with 4% sold, ill post details of game in here, gl to me!
k up to contend now
Game started at: 2014/3/9 18:48:22
Game ID: 261872005 300/600 $100,000 GTD, Table 17 (Hold'em)
Seat 7 is the button
Seat 2: slurry55 (17633).
Seat 3: SatansAssistant (37320).
Seat 4: IMJUSTTHEMAN (22727).
Seat 5: pokerisnutty (28108).
Seat 6: scolion380 (10577).
Seat 7: UrbanMeijer (10450).
Seat 8: jamesbaisley (28065).
Seat 9: s810car (10964).
Player jamesbaisley ante (60)
Player s810car ante (60)
Player slurry55 ante (60)
Player SatansAssistant ante (60)
Player IMJUSTTHEMAN ante (60)
Player pokerisnutty ante (60)
Player scolion380 ante (60)
Player UrbanMeijer ante (60)
Player jamesbaisley has small blind (300)
Player s810car has big blind (600)
Player jamesbaisley received a card.
Player jamesbaisley received a card.
Player s810car received card: [Kd]
Player s810car received card: [10h]
Player slurry55 received a card.
Player slurry55 received a card.
Player SatansAssistant received a card.
Player SatansAssistant received a card.
Player IMJUSTTHEMAN received a card.
Player IMJUSTTHEMAN received a card.
Player pokerisnutty received a card.
Player pokerisnutty received a card.
Player scolion380 received a card.
Player scolion380 received a card.
Player UrbanMeijer received a card.
Player UrbanMeijer received a card.
Player slurry55 folds
Player SatansAssistant calls (600)
Player IMJUSTTHEMAN folds
Player pokerisnutty raises (1800)
Player scolion380 folds
Player UrbanMeijer folds
Player jamesbaisley folds
Player s810car calls (1200)
Player SatansAssistant calls (1200)
*** FLOP ***: [10d Qh Jc]
Player s810car bets (1800)
Player SatansAssistant folds
Player pokerisnutty calls (1800)
*** TURN ***: [10d Qh Jc] [3s]
Player s810car bets (3000)
Player pokerisnutty calls (3000)
*** RIVER ***: [10d Qh Jc 3s] [9c]
Player s810car allin (4304)
Player pokerisnutty calls (4304)
------ Summary ------
Pot: 24388. Rake 0
Board: [10d Qh Jc 3s 9c]
Player slurry55 does not show cards.Bets: 60. Collects: 0. Loses: 60.
Player SatansAssistant does not show cards.Bets: 1860. Collects: 0. Loses: 1860.
Player IMJUSTTHEMAN does not show cards.Bets: 60. Collects: 0. Loses: 60.
Player pokerisnutty shows: One pair of Qs [Qd Ad]. Bets: 10964. Collects: 0. Loses: 10964.
Player scolion380 does not show cards.Bets: 60. Collects: 0. Loses: 60.
Player UrbanMeijer does not show cards.Bets: 60. Collects: 0. Loses: 60.
Player jamesbaisley does not show cards.Bets: 360. Collects: 0. Loses: 360.
*Player s810car shows: Straight to K [Kd 10h]. Bets: 10964. Collects: 24388. Wins: 13424.
Game ended at: 2014/3/9 18:50:6
66/195 At break
Allowing last min purchase from jcolee, since we discussed it before I even registered in game
Total sold
4% dk12
2% jcolee2
Now its closed lol
76/99 at break
2 diff hands im getting aholes fkn reraising on me preflop, once im having A10 next with 77,guess ill have to bet the same when i get KK/AA and ream their ass :cool:
63 cash, min $450, just gotta keep truckin
finished 62nd, for a min cash, however given the overlay the min cash was $450 :cool:
Now, There was a LOT of confusion fromthe investors end, regarding being able to ship/iou on it, split terms and how markup and share value is on the breakdown. As we all know, in some games the pay structure sometimes isnt perfect and causes issues where a min cash may even be a loss of money, just small partial recovery of buyin. As in the case of this buyin, a 1% cut of $450 is 4.50, given I had about 15% markup in the $5 a 1% share, it was a slight loss, so DK would owe me $2 and jcolee $1. After complaint that it wasn't understood how the cut worked, I thought about going to basic stake split (1% of buyin would cover 1% of cash at 50/50) but then I have to pay out 2.25 to dk and 1.13 to jcolee, for a misunderstanding.
To be fair to both myself and my investors, I am going to declare it a wash, they dont owe what they would if the terms were understood, and I don't have to pay just because BAP terms like % invested and markup arent understood. Next time I'llpost earlier and be more clear so this wont happen.
Thank you for your interest and next time hopefully itll be all good :cool:
hey good game, a min cash is always disapointing but better than no cash :)
uh, this needs to be adjusted to a more fair return. There is no stake I have seen in my life where a cash resulted in a loss of funds. At $5 per %, you would be generating $500 for a $200 MTT. I am sure that is just a mistake on your part as you are experienced in this area. No doubt you thought it up quick and just put in the wrong numbers No one is getting a 150% Mark Up in any stake even if they are Phil Ivey.
Now, they did agree to the terms, but to be fair, you should really make this a more realistic share of your 'cash' and pay out some money due to the misunderstanding.
Edit: A normal Professional Mark Up is 1.2 which equals $240 total at 100%
Quote:
Originally Posted by WECpoker
this makes sense
maybe im wrong here but this seems like you owe these guys money s810. dk had 4% meaning he would have gotten his 20% back and 4% of the profit right? if buyin is 215$ 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%.Quote:
Originally Posted by tommy62278
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
ya know given i quick posted everything, tbh ill relook at this after im done in my games, prolly over thought it lolQuote:
Originally Posted by WECpoker
edit - however if you think about it they are supposed to be at 50/50 of cash line, so it isnt too far off, I quoted it at 1% technically if I sold more then the buyin, up to 100%, id make nothing in the game, the way i posted it i could ONLY sell 43% max
either way terms were set and agreed to. But washing it works too just do to the confusion. Nice run get a little deeper next time