Quote:
Originally Posted by Langerdang
This is giving me a headache You do like to complicate things.
So say you're playing a $100 MTT, who's putting up what and what are the % splits?
Haha yea its def a bit complicated, let me try to explain it the best I can though.
So there's 2 different types of tournaments, the "regular" tourneys and the "sunday majors". Throughout both portions of the deal, Pokersmart can cover between 50%-100% of your buyins and you can keep 0%-50%. For right now, I'm having Pokersmart cover 80% of the buyins and my SNG backer is covering 20% in which we'll split profit 50/50 as we would do if i played mtt's for him. Eventually I'd like to keep my own portion of MTT action, and obv would like to weight towards upping it to the maximum of 50% as well, but that'll happen in the long run.
The deal on the "regular" tourneys is that I get paid out at the end of a 1000 tournament contract and I get 35% profit from pokersmart on those tournaments (plus the 20% profit off the action I'm keeping myself/through my backer). There's no makeup attached to the deal, so if I were to finish in the red, I wouldn't have makeup to start the next contract. I also can get a raised cut after 1000 tournaments, the fund manager said that as long as it look's like I've been playing well (through hh reviews with their coaches dudeoflife and neverscaredb, not results orientated), I should get a raised cut. Below is an example
Say I finish the 1k game contract and am in exactly $10,000 of profit. I would get back $4800 total, $8k *35% (for pokersmart)=$2800 + $10k * 20% (my own cut)=$2000 and I'd see $3800 of it total with my backer seeing $1000 of it.
Okay so those are for the non "majors". The tournaments below are all considered majors and I get 25% profit on them through pokersmart, plus also keep 20% of my own action through my SNG backer. I get paid out either after playing 20 sunday sessions for them or each Sunday (I'm not sure on this yet and I didn't start yesterday so won't find out til next sunday), same thing as above with no makeup etc, just a slightly smaller cut.
Sunday Milion (PS)
Sunday Warm UP (PS)
Sunday KickOff (PS)
Bigger 109 (PS)
Bigger 162 (PS)
Sunday Rebuy (PS)
Bigger 55 (PS)
SM 2ndChance (PS)
Supersonic (PS)
162 Sunday 6-max (PS)
iPoker: 200K Guaranteed 215$
Ongame: 250K Guaranteed 200$
Carbon: 100K Guaranteed 109$
Party: 200K Guaranteed 215$
Bodog: 100K Guaranteed 162$
$108 1R1A 100k gtd (ongame)
Hope that all makes a bit of sense
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Time to start grinding, didn't really play any hypers yesterday on the 1st and I actually didn't play very many MTT's and didn't start my stake with Pokersmart. I ended up not going to bed Saturday night so didn't want to play HSMTT's on Sunday lol. I got 3rd in a $5.10 hyper for like $766, 6th in an early $27 TKO, 14th in the $33 10k and 7th in the $11 7.5k losing AA to J7o AI OTF for 1/7
. Had some other deep runs, but that's everything noteworthy.
Didn't end up making any april goals in my end of March post as I wasn't totally sure what was going on yet with Pokersmart. I'm still going to try to hit 1.5million vpp's, but I feel that it's going to be super tough. From here on out I need to try to get 150k vpp's a month to make that happen, so I'll see how it goes this month and then decide if I still want to push for 1.5mil even with me playing MTT's every saturday/sunday here on out
[ ] 150,000 vpps
[ ] 150+ hyper hours
[ ] 20k profit (after 60% sne rb)
[ ] FT a tournament on that "sunday major" list (1 time!)