Poker Forum > Staker Exchange
$1500 WSOP Event 48 - PLO8
Robbiebox:
Michael will you post a link to your OPR?
Riddled:
Sorry for the delay in getting back to this, I"ve had accountancy exams recently and they sort of consumed my life.
In response to the queries I don"t pay many online mtts, mainly plo cash (This year I have played about 35k+ hands profitably).
My stars ID is MichaelPerry
Saturday I"ll try and get a schedule in but I"m also playing the 150 PLO in Aspers this Sunday.
Just to clarify I will also be playing this event now whatever backing I get,
15% gone.
Robbiebox:
Hi Michael,
Your OPR stats don"t really back up the edge you claim. Do you have HM or Ptracker cash graphs that you can post?
mylesfdo:
--- Quote from: DodgyEnd on April 30, 2014, 21:56:29 PM ---
--- Quote from: Chipaccrual on April 30, 2014, 21:44:39 PM ---
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 ?
--- End quote ---
my thoughts as well... i would be considering to buy a piece, but only if the numbers are correct.
Obviously I don"t know you, so it"s hard to judge you as a player. But your results aren"t good enough to justify the markup that you are charging this way. (Again, I might be wrong as I don"t know you and I have no clue of what your online PLO results are; I can only judge from the live results on Hendon Mob).
--- End quote ---
--- Quote from: hi_am_chris on May 01, 2014, 22:58:44 PM ---
What makes you confident you have a decent edge against the field?
Online results? if so what are they?
Do you play online cash? If so what stakes? any graphs?
Live results other than the apats?
--- End quote ---
--- Quote from: MintTrav on April 30, 2014, 23:03:24 PM ---
Michael, I might have been interested in taking a bit but I"m afraid I"m still a bit confused.
I don"t understand how you came to the $735 figure. Could you explain it please? That amount is 70% of $1,050, but that wouldn"t make sense, so I"m not sure how you got to that answer.
Perhaps you could give a couple of illustrations of amounts returned for different-sized wins and how you calculate them, so we understand what is being offered.
--- End quote ---
--- Quote from: Chipaccrual on April 30, 2014, 21:44:39 PM ---
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 ?
--- End quote ---
+1 to all of the above.....would be interested in 5% if on an equal profit split.....in my staking/backing experiences unequal profit share usually comes into play when horse is selling 100% of themselves on a make up deal.
Riddled:
OPR stats aren"t really that relevant due to the limited sample size (100 over 3 years), though I have been speaking to Dave H and he has explained that my stats aren"t perhaps as reassuring verifiable as they should be for this kind of staking event.
I have reconsidered my position and will sell a small amount at spot for those who do wish to have a flutter (including people who have already backed me.)
Apologies if this thread has been a bit amateur, I have obviously never sought staking before...
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