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GUKPT Manchester Main Event 1100 (SOLD)

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Zozzy:
It is that time of year again the GUKPT comes to ManchesterG at the end of the month which is the Casino I play at more than any other. Two of my biggest cashes I won here, in October I collected £7K for my part of the chop in the 25/25 Series and I won the Summer Event for £16K. These were buy ins of £220 and £110.

full hendon mob results here.
http://pokerdb.thehendonmob.com/player.php?a=r&n=180161

The Main Event is £1000 +100 reg
I have played at this level before and I have cashed in a 500 Main Event.
For the last few weeks Manchester G have been very active promoting this Event with last man standing and live satellites replacing regular tournaments in the target of reaching 100 local players to qualify for this prestigious tournament, of which I am one.
I am very familiar with many of the players.

Selling
1% £12.50
2% £25
etc.

This equates to 1.136 , 1% goes to Apat .If the Prizepool predictions are accurate this would provide a potential return of £700 for a 1% stake.

For anyone interested I will provide my bank details for transfer. Any winnings will be paid back the same way bank transfer immediately after the tournament.

I won"t be seeing you in London unfortunately for the Apat Worlds this Easter because I won a seat online for the Irish Open, so I will be off to Dublin for the first time.

All the best
Craig


Modified Post
Revised stake after Apat fee wavered
1% = £11
5% = £55
etc.

MintTrav:
Hi Craig

I have backed you before and would be interested again.

I"m slightly uncomfortable about a couple of things in your post. One is quoting the return of £700, which is dependant on you finishing first (and the prize-pool increasing a lot from last year). I think your chances of cashing are better than average, but your chances of finishing first and returning £700 must be slight, so that is a little misleading. The second thing is I"m not sure what you mean by "1% goes to Apat". This is paid by the player, not the stakers, so doesn"t affect the staking. Also, how much are you selling and how much are you keeping yourself?

I would take 5%, so long as the return is a full 5% of winnings, without any reduction for APAT and so long as you are keeping a substantial proportion yourself.

Best of luck

John

ps Are you intending to sell part of the Dublin tournament?

Zozzy:
Hello John
Thanks for your interest in a stake and having faith in me.
I will clarify.
After reading it back I could have worded it better.

Yes the 1% of winnings* will be paid to Apat by me not the Staker, so a 5% stake would return a full 5% of what I collect.
The reason I mentioned the Apat 1% was to justify the 1.136.

Regarding the £700. I wasn"t trying to mislead in any way, I was simply saying that Apat has the potential for a windfall of this amount if I happened to go on to win it, which I would pay with great pleasure. I have a strong fondness for Apat, they were my first introduction to "live" poker after clicking a few buttons online.
The first prize has a possibility of being £70,000 this time with all the extra satellites in the Casino replacing some of the regular tournaments on top of the online satellites but I agree it is speculative and I wouldn"t want to put too much emphasis on this.
I am selling 45% of my action, retaining 55%
First come first served.


*winnings
To clarify this point. Any Staker would receive a percentage of the payout irrespective of what the buy-in was.

In the case of the 1% Apat fee, a hypothetical situation would be that a player buys in to the tourney for £1100 and min cashes for £2200. The fee payable would be £22 which is 1% of the payout but 2% of the winnings/profit.
This is not a complaint, just a clarification of the procedure as I understand it.


Feel free to ask any more questions.

Zozzy:

MintTrav:
Super, I"m in.

By the way, I believe the 1% is payable only on the part taken by stakers, not the part retained by the player.

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