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ICM Chip Chop #'s for WSOP Main Event ICM Chip Chop #'s for WSOP Main Event

07-19-2014 , 11:34 AM
Quote:
Originally Posted by Lego05
It is an IRS form. Other than that, your first paragraph is wrong with respect to this form (Form 5754). You give this form (Form 5754) to the casino and the casino gives the money and issues W-2Gs based on how the form is filled out. But Caesars won't do it. The casino will give all the money to the player finishing in the certain place and issue a W-2G to said player for the whole amount. There a method that people use to fix this using a Form 1099-MISC. The said player gives the other individuals their share from the chop and issues 1099-MISCs to the other individuals. But, hey, maybe he just doesn't do it and walks out and keeps everything. Now you wish you had a written agreement. The Form 5754 is supposed to avoid this by having the casino pay the money out directly and issue W-2Gs to everyone. But Caesars won't do it.
that's because the tournament is not meant to be chopped. i don't see what is wrong with that. if you don't trust the other person don't chop.

the best thing casinos do is not let you talk about a chop at the table because it interferes with play.
ICM Chip Chop #'s for WSOP Main Event Quote
07-19-2014 , 11:53 AM
Quote:
Originally Posted by JimmyAggassi
that's because the tournament is not meant to be chopped. i don't see what is wrong with that. if you don't trust the other person don't chop.

the best thing casinos do is not let you talk about a chop at the table because it interferes with play.
My initial comment in this thread was only in response to someone who said you could use Form 5754 to chop without risk or need for written agreements to mitigate risk to explain why you can not do that.

Though you did earlier say that it was legal to do private deals and now you are saying this tournament is not meant to be chopped.

Also, it is not only this tournament for which Caesars will not accept Form 5754. They will not accept it for anything. They are supposed to, but don't.



EDIT:

And people do business deals with people they don't 100% trust, or even necessarily know much, all the time. Things are put in writing. There are deposits. Security interests. Etc. though, yes, much of this would not work terribly well in this situation, but you could sign an agreement that you could sue on.

I wouldn't advise splitting up 10 million to 20 million dollars that a 3rd party will pay out without regard to any split agreement without some well written agreements, even if you do trust the other person/people.
ICM Chip Chop #'s for WSOP Main Event Quote
07-21-2014 , 10:19 PM
Looks pretty good for most involved. Not going to happen though.
ICM Chip Chop #'s for WSOP Main Event Quote
11-11-2014 , 07:55 PM
Quote:
Originally Posted by Big_Mick00
How much would you pay for 10% of Jacobsen

How much would you pay to enter FT with 40bb?
500k for 10% of jacobsen

If you mean enter the FT 9 handed from the beginning of play and start with 40bb I think the price would have be around 3.5 Million.
ICM Chip Chop #'s for WSOP Main Event Quote
11-11-2014 , 09:05 PM
Quote:
Originally Posted by The4thFilm
That lineup looks incredibly fishy. If there's a pro in there they would be lighting money on fire taking a deal.
The lineup is probably the least fishy ME final table ever.
ICM Chip Chop #'s for WSOP Main Event Quote
11-11-2014 , 09:17 PM
Just out of curiosity, I looked at the ICM chop for the final 3. Would be:

1st, Jorryt van Hoof - $7,040,822.87
2nd, Martin Jacobson - $6,286,970.16
3rd, Felix Stephensen - $5,627,870.97

Damn.
ICM Chip Chop #'s for WSOP Main Event Quote
11-11-2014 , 09:21 PM
It's been said before. The WSOP is behind the times not helping with chip chops. It's so stupid how the TDs will act like they are not there while you discuss a chop. EPTs are run so much better, including being willing to help with chops.
ICM Chip Chop #'s for WSOP Main Event Quote
11-11-2014 , 09:31 PM
If TDs structured payouts more like the PCA ME, there'd be less need for chops.
ICM Chip Chop #'s for WSOP Main Event Quote

      
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