Greetings to the Marketplace!
I'm looking to sell action in the No-Limit Omaha Hi/Lo WCOOP-59, the deadline satellite to it and, most notably, $27.5-33 sats, whose full schedule has been published only today. Alas only two $27.5 WCOOP-59 sats ran last week; the former awarded me a seat, which is a good sign, lol.
The package is intended for entertainment and as a pioneer project reshaping the future of share-selling. I'll provide screen video records for the rail, possibly with commented highlight shows.
I played cash PLO20-50 and a bit of PLO8 for over a year and am known in the SSPLO and O8 forums. I've switched focus to playing O8 MTTs only recently, as
tonypmm at FTP (
OPR) and
QnFlake at PS (
OPR). (The PS OPR is spoilt by PLO WCOOPs, lol.) Both SNs are also opted into Sharkscope.
The preferable payment option is a player transfer at PS (QnFlake, Russia, no avatar); if you wish to use other options, PM me.
Reputable posters don't need to send funds in advance (esp bc tons of refunds may occur; reputability is judged by myself, though
). The final audit will be done on Saturday; those investors whose shares will show net losses will have to send them to me rounded up to the nearest cent, those whose ones will show net winnings will receive them from me also rounded up to the nearest cent (there might be both categories if I mincash in the main bc people may buy different sets of sats, and I might even ask the losing investors to send money directly to the winning ones
).
Pricing and schedule
Each of the tourneys will be sold separately (and may be cancelled liberally, with shares automatically rolled over to the next tourney of the same type and BI, or refunded in cash if it's the last one). Please specify in which one(s) you'd like to buy shares.
Up to 90% of the ME is for sale, in sats the share for sale will be 90% minus the total share already reserved in the ME (incl. those won through sats), depending on the situation.
Winning a seat in a sat will result in its buyers receiving the same % in WCOOP-59 ME which won't be available for cashout unless I cancel the ME, in which case the refunds will be with no markdown - at the rate of $2.15 per 1%.
Bubbling a sat will result in partial ME shares being awarded:
<ME share awarded> = <sat share> * <cash won in sat> / $215.
In case I win concurrent sats on 27th, the shares bought there will be honoured in the order of starting times. The ones won in the first sat will be honoured fully, but the shares bought in the further one(s) might carry over to the ME only partially, shrunk by the same coefficient for all buyers, so that the total share sold in the ME doesn't exceed 90%, and the excess will be refunded in cash at $2.15 per 1%.
Waitlists will follow the leapfrog principle: investors who're too late to secure shares in a sat will have priority in buying in the next one of the same type, and those who've had their chance in the former will be moved to the end of the queue, regardless of whether they've reserved shares in the latter. (As if there will be a waitlist, lol.)
$27.5 sats - 15-min levels
Pre-reservations: 1% = $0.26 (@<0.95!)
Live betting for 1 h 31 min (astron., from the off. start time)
except 27th 13:29, where it runs for 29 min
Normal LB rate: 1% = $0.27 * stack / 1500
Affiliates' discounted rate for LB: 1% = $0.265 * stack / 1500
25th: 14:29 ET
26th: 6:29, 14:29
27th: 6:29, 12:09, 13:29
[The 21:29 ones will be skipped]
$33 sats - 5-min levels, early antes
Pre-res: 1% = $0.315
LB for 31 min except 27th 13:39-57, where it closes @13:58
Normal LB: 1% = $0.325 * stack / 1500
Aff LB: 1% = $0.32 * stack / 1500
25th: 18:29
26th: 11:29, 16:29
27th: 9:29, 11:09, 12:49, 13:39, 13:49, 13:57
$82 deadline sat - 5-min levels
Pre-res: 1% = $0.78
LB open for 28 min
Normal LB: 1% = $0.80 * stack / 1500
Aff LB: 1% = $0.79 * stack / 1500
27th: 13:30
$215 WCOOP-59 ME - 20-min levels
Pre-res: 1% = $2.04
LB for 4 h
Normal LB: 1% = $2.12 * stack / 5000
Aff LB: 1% = $2.08 * stack / 5000
27th: 14:00
Live betting rules
As said above, this package will allow for
live betting, pioneered in the MTT setting by HU4holes aka Restless-Eggs
here. In that attempt, share prices changed once in 15 minutes basing on rare stack size updates.
I'll make it even smoother by allowing to buy shares at any time (during periods specified above - before ICM starts mattering) via sending a message in the observer chat (I'll be recording the screen during play to prove such bets) either during a break or after a hand begins but, to make it fairer, before I do the first action in the hand (so I advise to have messages pre-typed).
The share price will be proportional to my stack size
at the beginning of the hand (incl. the blind and ante posted). Note that live betting in the first hand is more expensive than pre-reservation because one can take advantage of knowing the first table draw (and betting only if the table is soft).
To qualify, a message should contain a standalone word 'qn' / 'Qn' (my abbrev. SN) plus special standalone code words denoting the percentage you wish to take (be creative in combining them, we don't want the same phrase to be repeated and draw security's attn):
hf = 0.5%
best = 1%
gl = 2%
hi = 4%
boss = 8%
own = 16%
king = 32%
champ = 64%
Percentages denoted by all
distinct code words typed will be aggregated, e.g. 'hi Qn, gl gl, own 'em all' will take 4%+2%+16%=22% of the action in the MTT in whose chat it's typed, or all that's left, whichever is smaller.
I won't be telling how many % is left, as I'll be busy playing and it's not so needed anyway. Live bets won't be rolled over to the next tourney anyway. So in case of doubt, request 90% or more, e.g. by typing smth with 'qn', 'king' and 'champ', and you'll get all that's left.
I'll be too busy playing to report bets itt, so I reserve the right to calculate all the bet pricings retroactively (even a bit after the package ends, though normally it will be done after the MTT / day ends).
Referral program
Edit - to mods: delete the section if it violates MP rules, but I won't be discussing 'true' rake-based promos / VIP / rakeback here, lol, it's just for this single package.
You can help me sell out by becoming an affiliate.
If you persuade at least two referrals to buy shares of at least 10% total in a tourney from this package, no matter if live or pre-reserved, listing you as their referrer in their posts itt (only one referrer per person is allowed obv), then the affiliates' discounted rates on live betting will apply to your live bet on the same tourney, up to the total %-age bought by the referrals. The excess % of your bet will be sold at the normal LB rate.
E.g. if you bring three referrals into the $27.5 sat on 25th, who buy 15% total, and then bet 20% on the same sat live at stack size 3000, you'll be charged (15 * $0.265 + 5 * $0.27) * (3000/1500) = $10.65. In the next $27.5 sat, the $0.27 rate will apply to your entire live bet unless you persuade referrals to buy shares in this sat too.
No discounts apply to pre-reserved shares. Advertising cashback publicly or sending spam messages will make you lose the affiliate status, and the normal rates will apply to all your live bets, incl. past ones.
abhi147 and hu4rllz aren't allowed to refer each other.
I hope I've left out no significant details, if you have questions feel free to ask them itt.
Cheers!
Last edited by coon74; 09-23-2013 at 08:56 AM.