Two Plus Two Publishing LLC Two Plus Two Publishing LLC
 

Go Back   Two Plus Two Poker Forums > > >

Notices

Reply
 
Thread Tools Display Modes
Old 05-19-2017, 03:36 AM   #26
EZgameZ
adept
 
Join Date: May 2010
Location: snapcall town
Posts: 1,075
Re: Allen Kessler WSOP package. Read carefully.

There are 7 10ks in your package. Of which you will play all since they're obviously a priority as you stated.

"I may skip some noon events that are same day as $10k championships."

You then say.

"The total is over $150k in buyins but based on past experience should be around $100k"

So you basically get to charge 1.2 on 70k worth of incredibly tough fields in which no one is even sure you're +EV in, never mind after taxes. After all this , you have to make sure theres room for profit for any potential investor, common practice is to usually get close to offering investors about 50% of the roi so you would need to have an ROI of 40% in the 10ks which is just LOL. Curious to know what you think your ROI is in these 7 tournaments and happy to sell you some side action on condition you play all 7.

Also check my history , probably top 2-3 largest investor on the site the last year and invest heavily off site. So if you think I'm trolling, well ERP DERP.
EZgameZ is offline   Reply With Quote
Old 05-19-2017, 03:58 AM   #27
doublejoker
Old News
 
doublejoker's Avatar
 
Join Date: Jan 2006
Posts: 9,799
Re: Allen Kessler WSOP package. Read carefully.

Quote:
Originally Posted by EZgameZ View Post
There are 7 10ks in your package. Of which you will play all since they're obviously a priority as you stated.

"I may skip some noon events that are same day as $10k championships."

You then say.

"The total is over $150k in buyins but based on past experience should be around $100k"

So you basically get to charge 1.2 on 70k worth of incredibly tough fields in which no one is even sure you're +EV in, never mind after taxes. After all this , you have to make sure theres room for profit for any potential investor, common practice is to usually get close to offering investors about 50% of the roi so you would need to have an ROI of 40% in the 10ks which is just LOL. Curious to know what you think your ROI is in these 7 tournaments and happy to sell you some side action on condition you play all 7.

Also check my history , probably top 2-3 largest investor on the site the last year and invest heavily off site. So if you think I'm trolling, well ERP DERP.
Enough already. Last year i played about half the 10ks I listed. I was deep in another event or still in the mornimg event. Most of the nolimit and plo events
Listed are well under true value at 1.2.

There are 4 priority 10ks this year. Plo8 (new event) , omaha 8, stud 8, and Horse. My one second place finish in 10k stud8 covers 27 of these 10ks....
doublejoker is offline   Reply With Quote
Old 05-19-2017, 01:01 PM   #28
Two SHAE
old hand
 
Join Date: Aug 2012
Location: life
Posts: 1,685
Re: Allen Kessler WSOP package. Read carefully.

quick numbers:
70k worth of 10ks: 1.1
10k main: 1.7
20k in other stuff: 1.3

That adds up to 1.2 overall.

I do agree it is better practice to markup each individual event since there will be a significant number of events you don't play. If you played the breakdown listed above, that's a lot worse for the investor than if you played only 4 10k's and 50k in other stuff + main. The actual schedule you play would make a decent difference in what is a fair markup to charge...

As far as providing "enough relevant data", all you've provided is your cashes which anyone could have looked up on Hendon Mob, and that it's "usually around 100k" per year without the 50k PPC. You've cashed for $825k on probably somewhere between $600k and $900k of buy ins.

Everyone here understands that 7 years of WSOP even on a full schedule is maybe like 250 tournaments, many of which have quite large fields. No one is pretending this is an adequate sample to evaluate how you've marked this package up-- maybe you've run quite poorly in bigger spots. However, your failure to provide specific buy in numbers when asked is a definite red flag, and writing it off as "trolls" is either delusion or some sort of defense mechanism.
Two SHAE is offline   Reply With Quote
Old 05-19-2017, 04:13 PM   #29
doublejoker
Old News
 
doublejoker's Avatar
 
Join Date: Jan 2006
Posts: 9,799
Re: Allen Kessler WSOP package. Read carefully.

That assumes I will play every 10k listed. This has never happened since I've gone to the 1.2 format.
doublejoker is offline   Reply With Quote
Old 05-19-2017, 09:01 PM   #30
EZgameZ
adept
 
Join Date: May 2010
Location: snapcall town
Posts: 1,075
Re: Allen Kessler WSOP package. Read carefully.

What you did in your 2015 package is getting closer to what is reasonable but when you sell a massive package like this with so much variance in ability/field size/buyins, generalizing @ 1.2 is ridiculous.

Anyways , Gl. I hope this discussion has at least shown to the rest of the MP that this isn't an acceptable way of selling action. Both in terms of transparency and structure, and investors, no matter what size, shouldn't be subject to this.

Stuff like this is why the 2p2 MP is basically dust the last year.
EZgameZ is offline   Reply With Quote
Old 05-19-2017, 09:28 PM   #31
doublejoker
Old News
 
doublejoker's Avatar
 
Join Date: Jan 2006
Posts: 9,799
Re: Allen Kessler WSOP package. Read carefully.

Quote:
Originally Posted by EZgameZ View Post
What you did in your 2015 package is getting closer to what is reasonable but when you sell a massive package like this with so much variance in ability/field size/buyins, generalizing @ 1.2 is ridiculous.

Anyways , Gl. I hope this discussion has at least shown to the rest of the MP that this isn't an acceptable way of selling action. Both in terms of transparency and structure, and investors, no matter what size, shouldn't be subject to this.

Stuff like this is why the 2p2 MP is basically dust the last year.


Ok, for you or anyone else that wants to back with an exact markup per event, I will do the following.

Same package as listed.

$10k main 1.5
All other $10ks 1.1
Over $1500 1.2
$1500 or less 1.3
$50k optional at par should I play.

I will provide an official printout from wsop with exact buyins and cashes.

At the end of wsop you can have either option, whichever has less overall markup.

I hope this settles your concerns.

Thank you for your input.
doublejoker is offline   Reply With Quote
Old 05-19-2017, 09:55 PM   #32
SSG1989
journeyman
 
Join Date: Jul 2013
Location: montreal
Posts: 299
Re: Allen Kessler WSOP package. Read carefully.

would take 5% at 0 mu
SSG1989 is offline   Reply With Quote
Old Today, 05:04 PM   #33
doublejoker
Old News
 
doublejoker's Avatar
 
Join Date: Jan 2006
Posts: 9,799
Re: Allen Kessler WSOP package. Read carefully.

Quote:
Originally Posted by SSG1989 View Post
would take 5% at 0 mu


Whatever i dont sell ill do on my own...
doublejoker is offline   Reply With Quote

Reply
      

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Forum Jump


All times are GMT -4. The time now is 05:29 PM.


Powered by vBulletin®
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
Search Engine Optimisation provided by DragonByte SEO v2.0.33 (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.
Copyright ę 2008-2010, Two Plus Two Interactive
 
 
Poker Players - Streaming Live Online