Hello everyone. I spent a lot of time creating my schedule for August. I am planning on making it a very busy month, hopefully with your help.

I have run numerous BAPs here before, with around $75K total sent and received. A summary of them is here. July was my first losing month in almost a year and I'm looking to turn it around with all the big juicy events running this month. If you are unable to access the spreadsheet please PM me with your gmail account name (it seems to be only people signed into gmail who have problems).

PokerStars OPR (Lifetime profit $74.6K, ROI 34%, 9888 tourneys)
Full Tilt OPR (Lifetime profit $17K, ROI 19%, 2783 tourneys)
Ultimate Bet SS (Lifetime profit $1.5K, ROI 133%, 56 tourneys)

My August schedule is here. This schedule represents the tourneys I will choose from each day. I am comfortable playing 12-16 tables at a time, but will play fewer and fewer the higher the buy-ins. Obviously I will not be playing every tourney listed every day and will be taking days off, starting late, ending early, depending on my mental state. I will be meditating (vipassana), doing yoga, exercising, and eating extra healthily every day this month to keep sharp. My goal is to play when I feel on top of my game and only then in tourneys I believe I have an edge in.

If anybody has any questions about me feel free to PM me with them. I would be happy to speak in person on the phone if you need to verify anything.

I would like to raise at least $20K to start this. I am contributing $5K myself to start, so a minimum of $15K more would set me off right. Obviously if I can get more I will, thus enabling me to play the higher stake tourneys on the schedule. I will also run this if I am not able to raise that much, and will stick to the tourneys playable according to whatever bankroll I end up with.

The color-coding on the schedule refers to which tourneys I will play within which bankrolls. I will use my bankroll at the tourney start time to determine what I can and can not play, as doing so at the beginning of a day would theoretically allow me to play too high.

Bankroll...color-coded tourneys allowed
<$3000...Red
$3000-$5999.99...Red, yellow
$6000-$14999.99...Red, yellow, light green
$15000-$29999.99...Red, yellow, light green, dark green
$30000+...Red, yellow, light green, dark green, blue

Shares will start with a value of $50 and will sell at 10% mark-up for $55 each. I will post a new share value at the end of each day, along with a buy price which will be +10% of the actual value. This allows people to buy more shares if they like. I will also, because of the size and length of this, allow people to sell shares early. The penalty for doing this will be a 20% deduction from the current share value at the time of sale. This 20% penalty will be added to the package value, thus increasing share values for others.

Notes:

• Rebuys are estimated on the spreadsheet. Since share value is based on bankroll there will be no need to track actual usage of rebuys, as it will all be figured in automatically. I generally rebuy whenever possible and almost always add-on.
• Ship to MattyDaCobra (Zephyr Cove) on PokerStars, MattyDaCobra (s, ninja) on Full Tilt Poker, or Specious (first name: Matty) on Ultimate Bet. Funds on Full Tilt are appreciated to start, as FTOPS precedes UBOC. I may then need some help transferring over to UB, but I'll cross that bridge in a couple weeks.
• If possible, please include the relevant transfer information when you respond to this thread (i.e. city's first letter and avatar for FT, city for PS, and first name for UB).
• I will be rolling over the bankroll at least once, if I do not do so then all mark-up will be returned. It is quite possible I will roll it over a few times, in which case effective mark-up is closer to 2-4%.
• I will have a rail thread with interesting hands, updates, and end of day bankroll figures. I will also list number of shares, share value, sell price and buy price.

Share price: $55 (1=$55, 2=$110, 5=$275, 10=$550, 100=$5500)
Share value: $50

Shares:
100 ... MattyDaCobra

Wow, you put a lot of effort into putting this together. Will this start tomorrow regardless of how much action you sell by then?

One problem you may run into is the constant changing share prices. This will limit you to selling shares only when you are not running any games. Might want to consider setting a price after each session and expiring at a specific time the next day.

I'm in for 2 shares, will send in a few hours.

I'll start this August 4th, then take off the 16th, 17th, 30th, and 31st. I may also take off the 11th (my Dad's birthday), and a few other days depending on my mental state.

I agree with the share price being fixed between sessions, that was my plan. It will probably be a 6 to 12 hour window to buy, more on days off.

The changing share prices makes the accounting much easier as far as allowing people to buy-in after I have started.

Hey Matty

I'll take 2, one from peritonlogon on FT and one from peritonlogon on stars. Will ship later tonight.

I may be able to help you transfer a few dollars (I'll know as the date approaches).

I just want to clarify that the mark-up on this will be refunded if I do not roll over the entire bankroll, making this really a large extended BAP of sorts. It is also likely that I roll over the bankroll a few times, making the mark-up effectually 2-4%, compared to the 15% or so I normally charge on a one-day BAP. I'm doing it this way so I don't have to make separate BAPs for all the big events running this month.

Also, by roll-over I mean that if I raise $20K I will enter at least $20K in tourneys, probably much more. I do not mean that I will be shipping profits along the way and resetting the share price.

However, if I hit a huge score that will cover all tourneys for the rest of the month then I will ship the difference early to allow investors to cycle their funds around the marketplace more.

Sent, should be a very interesting month!

Current bankroll: $5100
Shares owned: 102
Current value: $50 (current value is paid to shareholders at month's end)

To buy: $55 (this price will hold until 12:00 PM EST on 4 Aug 10)
To sell: $40 (20% penalty is shared among retained shares)

Shares:
100 ... MattyDaCobra
2 ... broken_jia (broken_jia on PS)

To any new investor, Matty is a personal friend of mine whom I've known for ~13 years. He is extremely honest and trustworthy.

If this package seems strange to anyone, it's because (as far as I can see) he's trying combine the simplicity of calculation that comes with the 2+2 way of staking with the longer term and more investor friendly PTP method of staking (the heeb).

As far as EV goes, this package looks to me like the best one he's put together (excluding, of course, his first with 0 mark up).

Oh, and I shipped my funds.

The concept is pretty cool - the only part that I'm still unsure how much I like is that my % of the BR varies - I may have 2% today, but if a bunch of people buy tomorrow I may end up with only 1% of the total BR, right? But the overall value of the BR will have increased significantly (due to the added investment) allowing you to play higher. I'm reading that correctly?

Either way, I'm in for 10 shares (shipped for 7 on FTP, 3 on Stars...)

GL Matty - should be a fun rail.

OT

thats what im confused about as well. will take 5 shares and ship in next couple days, GL Matty

That's why I'm doing shares and not %s. Thus if I have 400 shares for a $20K bankroll and I run it to $28K, each share would then be worth $70. If I were then to sell 100 more shares (at the new price) it would increase my bankroll to $35K but at 500 shares each share would still be worth $70.

If I hit a big score then having more shares would decrease the per share benefit a little, but off-setting that is the fact that the more shares I have the bigger tourneys I can play, thus allowing me a much greater chance of hitting a big score.

Current bankroll: $5600
Shares owned: 112
Current value: $50 (current value is paid to shareholders at month's end)

To buy: $55 (this price will hold until 12:00 PM EST on 4 Aug 10)
To sell: $40 (20% penalty is shared among retained shares)

Shares:
100 ... MattyDaCobra
10 ... Ontario_Tory
2 ... broken_jia

Okay, I'll check back on this in the morning.

I'm definitely in. I'll figure out my situation as I already unfortunately have a bunch of money tied up in other people's wcoop/ftops but I love the idea.

tentatively in for 10, going to hold off shipping for a few days

Pls reserve 10 for me

Matty

I guess what people (myself too) don't like is that their shares can be diluted whenever someone wants to join. Having shares diluted isn't a bad thing per se, but having no structured clause for how you're making the decision to dilute and how often it might occur while not offering investors a say (share vote) make it seem a little whimsical.

Umm... do you guys know about stocks???

Basically Matt is doing an IPO right now... selling his shares for $55 at $50 a share. He is selling his shares at a premium because he presumes that his stock will raise to at least $55 during time frame of his BAP. Wither it's true or not... guess that's up to the investor to judge. Matt said that he would like to raise 20k to start, at $50 per share that is 400 shares to sell. Now is that the max number of shares that are available or Matt will allow more? If so, I would release a new batch of shares to sell if that is the case. Otherwise wouldn't it be too confusing to the investors?

Just like in stocks... the price per share will fluctuate based on the performance of the comany (ie. Matt). Now are there daily trades of shares available at the end of the day?

And just like the stock market, if the stock is doing really well (ie. doubling his br thru a big score), he can split his shares so more and more people can invest in his stock easily. Either it be a 2:1 split or something is up to the company.

I think putting it this way would be easier for the investors to understand. I think it's cool that Matt has setup his BAP this way to start.

But I would think that selling your shares at a 20% penalty is too harsh. If I were u matt. I would put that number closer to 5% than anything else. Even the banks wouldn't charge 20% penalty if you had to terminate a CD deposit.

This looks really interesting. I have a ton invested in stocks, but this looks way more fun to sweat. I just need to sleep and reread when I wake up to make sure I understand everything!

Hey Matty, I just shipped $550 from derekraivio on FTP for 10 shares. Good luck this month. Also, I play 99.9% of my hands on UB and have very little money on FTP so if you want to do a trade later this month I can probably hook you up with some UB funds.

shipped for 10 shares from Grouchy7 on FTP. GL Matty.

a little confused to, res $500 for now

Share value will not be diluted with the sale of more shares. All scores hit after more shares are sold will obviously be split among the greater number of shares. This also works in the reverse in that losses are also spread out. The plus side to this is it allows me to play the higher events (FTOPS, UBOC, weekend majors) that have higher potential payouts.

If I am able to raise enough prior to my start on the 4th I may decide to freeze shares for awhile and see how things play out. If I do not have enough to play some of the events I have a higher expectation in (especially the omahas and mixed events in FTOPS and UBOC), then I'll raise some more funds. Playing those events is decidedly +EV for all investors, even if diluted.

Current bankroll: $6600
Shares owned: 132
Current value: $50 (current value is paid to shareholders at month's end)

To buy: $55 (this price will hold until 12:00 PM EST on 4 Aug 10)
To sell: $40 (20% penalty is shared among retained shares)

Shares:
100 ... MattyDaCobra
10 ... HomerJay (grouchy7 on FT)
10 ... Ontario_Tory (Ontario_Tory on FT)
10 ... TimM846 (derekraivio on FT)
2 ... broken_jia (broken_jia on PS)