Quote:
Originally Posted by timex
Correct me if I'm wrong, but I think you are mistaken in thinking there is any difference in fair makeup between buying action in 1 tournament compared to 25 tournaments. If anything you should charge at a lower markup because of the larger investment people are making and the fact that they are forced to buy all 25 rather than having the opportunity to buy %'s of the few they think are best value.
Preface: I think timex is pretty much the nuts in poker, love watching his videos.. And i will prolly learn a lot from this response.. and i am by no means flamming him or his thoughts..
Body: I think you are wrong... I am by no means a "math" guy, so correct me through math if you will.. but i agree with Complete Donks theory.. If there was a backer and he had a choice to put a horse into 1 tournament or 25 tournaments, i think he would choose 25 everytime.. Because no matter how good the horse is, his expected ROI over 25 should be higher...This is obv field strength aside..
To further elaborate this point from my point of view, if someone was giving a one time stake for lets say the sunday million.. They would most likely give a 80/20 split or 85/15.. But if someone was giving a stake in the sunday million for 25 straight sundays, most likely the backer would give a slightly better deal, due to the likely hood the backer would see higher returns... no?
With this being said, it is not natural to charge more make up on the probability of having more return?
All that being set aside.. I am probably wrong in my thinking, but i am sure someone will correct me on that.. But i know i am 100% correct on the following..
Donk is not "forcing" anyone to buy any of the tournaments.. He is merely offering a opportunity... to potential investors, some might think his juice is to high, don't purchase, some might think he is scamming or whatever the ignorance that has been said in here.. Simple, don't buy.. AND don't post in here and try and discourage others from buying, that is bad form (which we get a lot of on here) People far to often on 2+2 try and become judge and jury and make other peoples decisions for them.. We are grown ups, we read the OP and if we like what we see we BUY...10% Vig 25% Vig 75%Vig, w/e it is... we have the option to look, calculate and purchase what we choose with OUR money.. I am so tired of people passing judgement on what is a good deal or not.. (FYI i don't think timex was doing this at all, i think he was just referring to donks comment on what is "justified" markeup)
GL Tom. Donk... Hope u take somethings down....