WCOOP 2010 Package! - Page 2 - Selling Shares - Online -- Two Plus Two Poker Forums

Reaching my xfer limits on PS pretty fast, so anyone that can rec FTP would be much appreciated. Also if someone can give me a number that is right to be shipping back that would be much appreciated. Once I have a number I'll start shipping straight away.

Tim

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09-30-2010 , 03:04 PM

#27

Parts Unknown

Pooh-Bah

Join Date: Jan 2009 Posts: 3,662

Quote:

Originally Posted by TurnRiva

you can send to me on FTP. pmahoney22

Also I think sending what you cashed for in the cubed is probably fair.

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09-30-2010 , 03:06 PM

#28

jestein

Pooh-Bah

Join Date: Oct 2005 Posts: 4,361

I can't do ft but I can wait.

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10-01-2010 , 06:14 PM

#29

TurnRiva

journeyman

Join Date: Aug 2009 Posts: 377

Ok looks like I should be able to send to all now if not very soon with new xfer limits:

Transfers Sent
USD 20,000.00 - new limit per day
USD 50,000.00 - new limit per 7 days
USD 200,000.00 - new limit per 30 days

Again if someone can confirm my % calcs are correct or not that would be awesome, then I can start shipping off. I do apologise for the delay, and not fully understanding the system here, it is only the second time i've dealt with this marketplace.. Also again,, thank you all for you support and investments, it is very appreciated.

Tim

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10-01-2010 , 08:33 PM

#30

jestein

Pooh-Bah

Join Date: Oct 2005 Posts: 4,361

[QUOTE=

Again if someone can confirm my % calcs are correct or not that would be awesome,

Tim[/QUOTE]

Ask mobills to do it. I asked him to post in the thread and I think he confused the 500c stuff for my real question.

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10-02-2010 , 04:45 AM

#31

TurnRiva

journeyman

Join Date: Aug 2009 Posts: 377

I did, and he just 5% of everything won was what was owed + SB. And I tried to send another PM to confirm, but his inbox is fullllll. If anyone wants/needs money at any point, just let me know and I'll ship a round a bout figure and then we can work it back from there. Again really sorry for not understanding this system properly.

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10-03-2010 , 02:54 PM

#32

TurnRiva

journeyman

Join Date: Aug 2009 Posts: 377

Anyone? Really want to close this out.

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10-04-2010 , 01:05 PM

#33

mobills

adept

Join Date: Apr 2006 Posts: 789

You need to give us the amount you raised for the bankroll, the amount of money you invested into tournaments and your final bankroll. You would owe us starting bankroll minus buyins + markup on that, plus our % of the profit.

Ex. 10% purchased. Raised 18k, played 14k, finished with 60k. You would owe us 1800 for stakeback, plus 20%? markup on 4k = $800 + 10% of 46k = $1800 + $800 + $4600 = $7200. These all ballparks, but I think this is how it would be done given how you set this up

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10-06-2010 , 01:49 PM

#34

TurnRiva

journeyman

Join Date: Aug 2009 Posts: 377

Wouldnt I owe back the 20% MU on $400 (your 10% share) not $4000 in that scenario?

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10-06-2010 , 03:55 PM

#35

mobills

adept

Join Date: Apr 2006 Posts: 789

Yea, sorry, did 20% on the whole thing. The example would be 1800+80+4600. 6480.. Again those are just ballparks, plug your #s into that formula. Pretty sure that's correct, feel free to double check obv

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10-06-2010 , 05:19 PM

#36

GambleAB

veteran

Join Date: Mar 2004 Posts: 2,560

Easiest way is to not look at your total bankroll.

Just add up all of your cashes. Add to that number the amount of money you raised but didn't use (times the markup on that money).

That overall number is then multiplied by whatever % each person bought.

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10-06-2010 , 05:28 PM

#37

GambleAB

veteran

Join Date: Mar 2004 Posts: 2,560

Just going off of what was posting itt and from that link you provided:

You raised 20k @ 1.25.

You used $11,909 in tournament buyins.

That leaves $8091 in unused funds times 1.25 = $10,113.75.

You cashed for a total of $51,293.86.

So the total amount due to everyone is $61,407.61.

So 1% would be $614.08.

Obviously adjust those numbers if you actually raised more/less for the total bankroll, cashed in something that I missed, or used more/less in tournament buyins.

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10-07-2010 , 02:14 PM

#38

TurnRiva

journeyman

Join Date: Aug 2009 Posts: 377

Thanks Aaron, is everyone happy with that equation/those numbers? Obv will change for 20% cut.

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10-07-2010 , 03:37 PM

#39

ItsOnlyChips

veteran

Join Date: Nov 2003 Posts: 2,230

(R - B*M + C) / 100 = 1% share

R = amount raised including markup (total amount sent from backers)
B = tourny buyins
M = markup
C = total cashes

Thought it would be more clear in equation form.

Using numbers from GambleAB (adjust as necessary):
R = 24,000
B = 11,909
M = 1.20
C = 51,294

1% share = $610.03

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10-07-2010 , 04:55 PM

#40

GambleAB

veteran

Join Date: Mar 2004 Posts: 2,560

Quote:

Originally Posted by ItsOnlyChips

Markup was 25% so M should be 1.25 and R should be 25,000 I believe.

....oh, ok, that's for a 20% cut? $610.03/1% is what I'm getting for a 20% cut as well.

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10-07-2010 , 05:35 PM

#41

ItsOnlyChips

veteran

Join Date: Nov 2003 Posts: 2,230

^ yep, should of specified i was doing it for 20% markup (this was changed later from 25% in the OP)

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10-07-2010 , 06:39 PM

#42

jestein

Pooh-Bah

Join Date: Oct 2005 Posts: 4,361

Turnriva, Im fine with whatever ballpark (or exact, possibly?) figure these guys come up with.

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10-08-2010 , 11:42 AM

#43

wd1head

old hand

Join Date: Aug 2008 Posts: 1,227

Quote:

Originally Posted by jestein

Turnriva, Im fine with whatever ballpark (or exact, possibly?) figure these guys come up with.

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10-08-2010 , 02:40 PM

#44

TurnRiva

journeyman

Join Date: Aug 2009 Posts: 377

Ok well I'm thinking about shipping based on these numbers, and if anyone has a dispute/problem we can work from there so I can get this closed out.

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10-09-2010 , 05:04 AM

#45

TurnRiva

journeyman

Join Date: Aug 2009 Posts: 377

Shipped to everyone on those numbers, and sorry again for the delay, and thanks for the support!

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