Quote:
Originally Posted by Sect7G
Tourbound- The PLH stake I can understand as a mere mistake based on ignorance based on strong results in a single big tourney.
Out of your 3 or 4 packages how many tourneys from different packages overlap? If they do overlap, don't you feel it's unfair to your original investors who bought your first package that you may or may not play all of the events due to tourneys from another package? As you stated in the link you provided you once charged a markup for a 2k tourney, but defended the decision based on 11 smaller events that you'd def. be +ev in. I feel the same thing applies here, perhaps someone bought your first package with the idea that you were not +ev in all the events but over the whole package you were +ev. What if you now play the events that he thought you were -ev in due to tourneys overlapping. Is that fair?
Sect those are some great questions... Yea, i was ignorant to the fact that my 18th place finish in last years WSOP $1500 PLH and "some" online success clouded my judgement about the $10k.. I was stupid and learned a lesson..
As far as the overlap.... My first package had dates that were all 1 day apart, meaning I am scheduled to play event X on the 1st, then Y on 3rd... The only way these tournaments would overlap is if I went deep in tourney X. When I added in the 4 additional WSOP tournaments, I made sure that all of them were on a day where I was not already scheduled to play. The investors of my 4 additional WSOP pack, understand that I might not be able to play these tournaments due to deep runs in other tournaments, and that any tournament that is not played will be refunded +MU shown here in the OP:
"Just to let you guys know, these tournaments fall in between other tournaments of mine this summer. It is going to go day by day. Meaning, If i am the final table of the June 11th Venetian $550 deep, I will not be able to play the June 12th 1k etc. If I can not play any of the above tournaments, the BI will be added to payouts WITH MU."
And for my first package, all but 1 investor has a part of my 2nd additional package.. And I also put a "NOTE" up stating that the schedule was tentative.. Shown here..
"NOTE: This is a tentative schedule, Some events are two and three day events, I tried my best to give myself a 1 day cushion.. Lets hope for us that I have to miss a couple of these because I am at a final table!"
These are by no means the answer to this situation, as I don't truly have an answer, I know it is a tough one to call.. But they are just how I personally dealt with my 2 packages, and what information I tried to divulge to my investors..
As far as the EV of the packages, I believe that all of the events are +EV, all of them are 340-550 venetians, and 1ks and 1.5ks from WSOP. The only 1.5k+ tourney I am playing is the last 2.5k and and is part of the second package.. And the added tourneys are are after Venetians, which I would have to be at the final table to overlap...
**As I said earlier, I wish I could have just put them all in one package, like I have done with 99% of the 30-40 packages I have sold so far in the marketplace... The reason I couldn't do this is because of my backers position on his allotment of my summer funds... Normally I would have just packaged everything together in one..