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$1500 WSOP Event 48 - PLO8

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s4ooter:


Avoided the Rose West pic for you :)

s4ooter:
Reserve 5% please

Riddled:
Thanks Dan on both counts,

for the record, I"m the ruggedly handsome guy wearing the hoody with the 1000 mile stare.

Chipaccrual:

--- Quote from: Riddled on April 30, 2014, 19:11:18 PM ---
Thanks Dan on both counts,

for the record, I"m the ruggedly handsome guy wearing the hoody with the 1000 mile stare.

--- End quote ---


Could you make it easier for us please.

Are you the one on the left or the one on the right ?



I would take a piece of this, but am a little put off that it is a punt on just the one event, when you say you are self funding other events on the trip.  Would much prefer it if you were offering a smaller percentage across all of your schedule to help even out the variance for the backers aswell as yourself.

Not a criticiism, but hopefully useful feedback.



Leigh

Chipaccrual:
Also your numbers are at best confusing and at worst just plain wrong.


Buyin = $1500

You sell 70% of your action, so backers send you $1050

If you cash for $3000, then you should be returning $2100 to your backers (70% of your winnings)

With your method, you are returning their stake of $1050, and then splitting the profit 70/30, which effectively means you are selling your action at a premium.

If you bink a massive cash, then it becomes a lot less significant, but if you only min cashed, then we"re talking about a $400 swing.

Or am I missing something here ?

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