But would the filed not be softer in a 1 k event then a 3k

Best way to do it would be pretend you want to sell action in the marketplace but downplay your ability and almost sabotage your staking thread. And then when it goes up on Bank of Timex snap book all the action with him that he's willing to take. However it could end up in a scenario similar to the movie 'The Producers' where despite attempting to make yourself look univestable, everyone still buys your action!

If the player doesn't get the money for the buy in he might not play, so the people who want to buy a piece of a player have an incentive to see that the player gets the buy in.

Edit: I'm a fan of the idea.

I guess that makes Timex the George Soros of the poker staking marketplace...

It seems this is eventually going to end up bad for the mom and pop shops of poker, and take away from the poker community as a whole. In Mike's interview he describes how the mid stakes grinders taking shots are scraping away profits from the over all poker community with high mark up, he specifically cites these players as the ones that are over valued. Mike decides he's going to settle for less profit then those ppl collectively (and the other player types he mentions) and keep it for himself. I don't see how that is good for the community as a whole.

Mike only needs to buy players and sell a little bit higher than their true EV to make this work. He doesn't need to worry about the expenses of each individual to play tournaments. Mike can say a player is overvalued, which could be true, but really he can just offer a better price closer to a player's true EV bc he doesn't have these expenses. I mean what's to stop him from doing this? That dead percentage between seller's MU and Mike's Mark up will ultimately come out of the pockets of the grinders. The ones affected the most will be the mid stakes grinders taking the shots where travel expenses will be a larger percentage of their overall cost compared to guys like Marchese. I guess that's poker though.

x-post from NVG thread -

Does anyone know if something like would fall under US security regulations since he is becoming a market maker?

Probably too low of a dollar volume to get any scrutiny, but I would assume a risk to investors would be the risk of the entire operation getting shut down.

There was a niche in the market, Timex ingeniously found a way to exploit it, some people now have to consider being more competitive with their packages, it's simple stuff really. We can't get into questions of ethics because poker as a game/sport is riddled with moral problems, as far as poker goes, he's not doing anything wrong. I would buy from a short-seller tbh if they were offering a good price and a secure transaction.

Can't wait to punish Timex in the main event

He's certainly playing within the rules. I get my toilet paper from Wal Mart too, but let's not kid ourselves and say this is good for the community as a whole.

It could go either way tbh, might encourage more people to invest and also knock some sense into some people in the marketplace. Obviously people have a right to charge as ridiculous a markup as they like, but a lot of them are doing it so wrong and they have been for a long time, something like this was bound to happen.

#teampunishtimex

lets do it NSB!!!!!

Wont he get arrested for this the instant he sets foot in the US ?

Seems like a perfectly logical next step in the staking market place and if it gets any traction will bring down markup for some to more realistic levels.

Is SM involved ?

Yea it's def. illegal. What is he is going is no different than a bookie going on twitter and offering 1% vig less than the pinnacle lines. Whether he gets arrested for it I'm not sure. I certainly wouldn't advertise this on the internet.

I feel like people are missing the point here. Timex can't just go around and offer slightly better prices on everybody's packages and undercut the marketplace. He can ONLY offer action on packages that are SO BAD that the markup is actually HIGHER than the ROI.

most packages person has like a 30% ROI and charges 20% MU... timex can't come in and charge 1.18 and undercut that person. In order for timex to take action, the person has to have like a 20% ROI and charge 30% MU, and timex comes in and offers 1.28.


Also, I've said for a long time that I think elite players have massive and underrated ROIs, so it looks like if I'm right I'll finally be able to profit form it.

Gonna be buying a bunch of people in the 3k 6max at 100% markup for starters, and maybe the 1.5k shootout as well although he's at 140% for scott, ike, me, vanessa, zj, kingdan and chewy

no.

I added the bold in the above quote. With respect to such bolded statement, how do you figure?

Ok. Never mind.

So many misinformed opinions in this thread...

welcome to 2p2?

EMH may not apply to stocks and financial markets where there is a ton of noise but is well suited to a marketplace such as this where the signal:noise ratio is much better

(favorited)

The only people who should be concerned about this are marketplace sellers that know they are ripping off their investors (edit: or unknowingly ripping off investors). For the grinders trading a portion of their ROI for reduced variance, BankOfTimex won't touch you and it'll be business as usual.

He can only offer this at worse roi than the horse has. Usually people don't buy action if they think it's neutral ev, so you'd either only be able to buy if timex was wrong or at -ev buys.


No, the players are supposed to offer MU at lower than their roi. They are trading in small ev for reducing their RoR and actually being rolled for the tourneys they play. The situation you describe is them actually charging MORE money than their true roi as well as reducing their variance. Why do you think they should be doing this, and why is timex stopping people from doing this a bad thing for the marketplace?

If someone has way to much time just take the last 1000 packages sold in the market place and look how much money investors have lost.

Buyers have gotten exploited for many years and and it was always considered a no-go to call people out in these threads.

Its not a scam but highly unethical.

I think overall Mike is doing 2+2 and the poker community a big favour.

Only the guys selling ridiculous overpriced packages are losing here.