Not a bad thread kind of like the open discussion tbh, but if we could keep it more on track instead of Zima having his way with kamikaz playing who knows more about the MP, this thread could have some potential for open discussion possibly
(jk zima)
1. How to find the correct amount of mark up to charge
To me when I see a high MU, you better have stats to back it up, let alone the event(s) you're selling, you better be +EV in. And what I mean by +EV and not everyone will agree with me on this, is that you have a track record of playing 1K's if thats what you selling action to, you have cashed in a similar field and are familiar with the structure of the MTT and perhaps even the venue. People saying all the time "I'm def. +EV in this event" has really ran its course IMO.
I don't sell a lot of packages, more of a MP buyer myself although I do plan to start soon when I return to NJ. Nevertheless I feel as if you are new to the MP in selling action your first package (for some more than one) you should run in with NO MU (I did this to 4 BPO events a few months back and it sold out in 40 mins to Shane) I say this because if you are trying to build a rep here, you want to start small and work your way in, I like to think we are a close group of investors in the MP and we know who sells out and who doesn't.
Players with solid stats and unblemished records in the poker community of course sell at a higher MU and maybe they should. Just because you are known in the poker community, doesn't mean you can sell at 1.3, you need proven stats to back it up and experience in the field with cashes in similar buy in sizes that puts you at expected value, just saying I'm +EV in this because it's so soft, doesn't cut it for me tbh.
Example: FSURounder sold his action to the WPT Regional at 1.35 because he was the defending champion of that event. He has experience in the field, buy in size and has taken in down before, hence warranting his 1.35MU he sold at.
2. When not to charge mark-up
NO MU should be charged for new MP sellers, players who hardly play live events (maybe just starting out or rec. players) and although not a lot of you might agree with me on this, but individual event packages under $500. It really boggles me when I see someone selling action to a $200-$300 event at 1.1, again just my opinion. I can see why they would do this, and I myself have bought shares of it before, however I don't always 100% agree with it.
IMO it's good to run you first package, or a few of them with NO MU. If building a reputation in the MP is something you want to do, this is an excellent way to build a rep, especially if the package has a lot of value and you do well in it. This certainly reflects on MP investors and you will find yourself with PMs from investors asking you to please reserve them X% of your next package.
3. Mark up abuse. I have seen many players mark up packages in a very abusive way, but are they doing this subconsciously?
This seems to be a plague lately (and maybe before I started buying shares) however like other posters have said ITT, if it sells it sells. If sellers are selling out their packages even when people are posting in their thread saying their MU is too high, then it's only other investors fault who are buying up the action, allowing this to happen.
There are times however where we can expect higher MU's, which is around WSOP time where the value in excellent in terms of MTTs, fields, prizepools, structure, etc. I have seen sellers charge as high as 1.45MU on a WSOP package and have it sell out.
Example:
I made a post about an hour ago in P0KERDUUDES MP thread for his FoxWoods package that did not sell out and was cancelled by him. I wasn't trolling his package, but at the start of his MP listing I saw he put together a FoxWood prelim packages @ 1.29 MU. I told him this was a bit high for me and that if he plans to lower his MU to please PM me (I was interested in a nice chunk) He explained to me that he has sold out packages at this rate before and that at this current moment the MU on his package was non-negotiable. I said OK best of luck, I saw a few other posters commenting as well about the MU on the package, he did sell a little bit of the package before canceling it all together FWIW.
Today he came in and cancelled the package since it did not sell. I posted in the thread and told him that I wasn't trolling him a couple weeks back when I posted about the MU and was sad to see this not sell. I told him that his package would have without a doubt sold out, if not be @ 1.29 for mostly a prelim package that didn't scream value IMO.
Not knocking his package whatsoever, simply stating that the MP speaks and that if we, the investors, disagree with your MU and how you handle it chances are it might not sell. This is the risk MP sellers take when charging a high MU on a package, sometimes it results in them not being able to play it and investors remembering what they charged and how it played out.
Last edited by Turb0Licious; 12-01-2011 at 08:09 PM.
Reason: .