Good end of package accounting is far more important to me than regular updates during especially if you substitute events in/out. Speaking of which before doing this it should either be mentioned in the OP or agreed with your backers before the tournament. A $1k WSOP isn't equivalent to a $1k Golden Nugget so don't assume it is! I think end of day updates/end of package updates are sufficient as long as they are prompt. It's understandable if you bust the main event and have a 12 hour plane home that you can't immediately go about sorting out all the money you've lost especially after having that sinking feeling.

it seems as though updating on the fly would be more important (i feel). if i tell you each day what i am playing/my thoughts on the day, the end of the package accounting will kind of just fall into place. obv having 1 big post where it is all laid out would be really nice and prolly should be made. (re read my post, and i think an "ending post" should be 100% mandatory and it should include all the action for the package)


agree 100% with horses switching mtts in and out. 1ks arent the same everywhere.

i can understand a person being gutted after losing a mtt and not updating. but, i can also see why a person should feel the responsibility to update asap. when i busted the WSOP ME this year, i immediately called my biggest investor and told him the news. i am sure i sounded like a complete idiot at the time as i was walking around the rio like a zombie, but idk...just seemed like the right thing to do

This.

some people don't care about updates and aren't looking for a sweat as much as a +ev investment. I'm sure some people who bet on sports don't even watch or check updates on the game. (rare) I would update my twitter after some steals of the blinds at the WSOP lol... but everyone is different and I could see some people not wanting to worry about updating investors while there in the zone. I'm sure some professional athletes don't do many interviews while a game is still in progress. I'm not 100 percent positive but I feel as I don't recall many times where the highest level poker pros who are selling action in high roller events update 2p2 very often. Imagine making your horses update you with hands every hour of a Sunday during their 5 minute break. The time is all relevant online and offline. A horse telling you he just busted 4 tournaments in the past 5 minutes or made a bad play and hearing your reaction/wondering what your true thoughts are could definitely get to him.

post is littered with all kinds of fail


live staking =/= online staking

I update, but some people don't and me as an investor wouldn't care if a reputable player didn't give daily updates if he didn't choose to on his own. I think it should be encouraged and maybe stated in posts but not mandatory. A player shouldn't have to worry about his dead cell phone so he can update and not get banned from marketplace during a break. Sorry on cell phone

Agreed. International texts are expensive.

+1

i think a lot of stress should be put on ppl posting asap when this miss/will maybe miss events in their packages. your aussie millions shares thread is a rly good example btw.

i like to see tweets when possible, and appreciate the effort put in by those that do it. For me tho, it would def distract my play when live at the table - even music can be too much for me when i want to remain totally focused. for this reason i dont think it can be mandatory.

I'm not sure what the standard on this is, but I strongly feel that multiple packages is fine as long as priority is given to investors who bought shares of your first package.

For eg: Player A decides to sell action for WSOP, creates package # 1 and gets sold out quickly. Then this same player decides he wants to sell action for package # 2. This is fine as long as player A PMs investors of package # 1 and lets them know that he is selling further action and will reserve shares for a day or two.

We all know how much variance is involved in these tournaments, the idea behind buying a package is to reduce this variance. Typically the later packages have fewer tournaments and same value.

Also +1 on updates being 100% mandatory,not twitter necessarily but daily updates in a rail thread would be awesome.

fyp

I don't mind if people don't want to give updates during play but at least 1 update on every day you play should absolutely be mandatory. If you are too tired when you get finished playing for the day, fine update your thread in the morning. It really does not take a lot of effort to keep people informed.

He A good example of what I am talking about is wwhens bought action of nationstation. He didn't really update much and I preferred to know that he was final 20 of a tournament and concentrating on playing/getting reads and not so much updating his thread. He gave end of day updates and I was more than happy with that. It also helps that I had trust in him and knew he was reputable but everystage of a tourney is important in its own way. Good tournament players get into grooves and have certain I can't think of the word right now but if they don't feel like updating and are reputable I don't mind. Its fun to hear updates so if updates mean that much to you and you want something to check on /sweat every hour or so see who has a reputation for lots of updates. I bet more good final result packages are from people wh

Who don't give over the top updates except at the end of their full day because they are thinking about the tournament the whole time and in the zone and not if investors are enjoying checking the thread or replying

Couldn't find goldenbears thread on my phone but checked thelipofunds pea thread he didn't give updates during the day ITT. He just updated everynight and that was more than enough. He could have had a twitter I don't know

I think updates are very important. It doesn't take long to send out a quick twitter update. Now that I have staked a few players, it is exciting for the investor. You don't need hands or details just a quick chip count. 4 times a day would go a long way IMO.

?!?!?!?!?

I couldn't imagine selling a live package and not tweeting every break or more. While maybe this shouldn't be mandatory, the horse should say how he will update in the thread. For PCA its seems that many people didn't update the thread at all and/or only PM'd a portion of his backers. It should be standard that the horse updates his thread within a day at most of when he busts. A horse that tweets often and sends pics of his reciepts (i.e. what pokerduude did during PCA) will be more likely to get my business than one that doesnt. In the WSOP ME that's not necessary though, because seat assignments are released so his play is easily verifiable.

Yea I mean for WSOP events specifically I don't think receipts are necessary because the entrant lists were published online last year.

Grunching a bit. But taking pics of receipts isn't really = to playing the event you are supposed to as you can register, take a pic, and unregister.

As JP mentioned the entrants lists for the WSOP are published online so investors should be checking those.

Taking a picture of the receipt with a tourney chip on it laying on the felt is a bit better than just the receipt itself. Pretty easy to do right as you get to the table too if you don't forget.

some of you guys also should consider not putting 30k-50k into the hands of certain players early June... better to find someone to funnel them the money in intervals... I think there were a couple problems last year that could have been prevented this way.

I could easily create a Google Document template for players to use when selling action during the WSOP. This would make it easy for everyone who needed a standardized tracking system to have one.

On the downside, it would be harder to find the lazy players.

I am trying to get staked for a 1k or 1500 event for the series. I am also trying to get staked in some online tourn....Anyone want to help or give me some advice?

pokerstars Jimmy Duncan

The__Don,

You are going to either need to have to some reaaally good references or some great live results in order to find any kind of backing here, as you have close to zero results online on that screen name at least.

Good luck,

Jesse

Ok Thank you

I am not allowed to start a thread on here...know how to fix that...I want to start a thread so i can get my ref. going on here.

I plan on putting a package together for this year's WSOP, but does anyone have ideas around fund transactions? I'm not a big fan of having funds transferred to online poker accounts due to liquidation issues and payment back to the investors after a cash. I have online accounts, but to be honest with you, I haven't played online poker in almost a year as I have been focusing on live events. Thoughts??

There will probably be a bunch of large investors that could do cash in Vegas. You'd have to talk with them specifically and/or make that clear in your post.