Just a quick note - you don't need an Internet connection to update twitter you can just sms updates to twitter, so no Internet connection is not an excuse not to update.

This is what I do....

Few things, first off I invested in a few packages last year and sold action to the main. I didn't have a single problem but that's because I was somewhat selective in who I backed. There's absolutely no excuse to at least not update with a chip count at the break though. You get to the point where there's a minute left and this is probably the last hand until break. Everyone else is getting up and leaving, it's not hard to take 15 seconds out to count your chips really fast and as you're walking out of the room to type that number into your phone as you update twitter. It's also not hard to post updates in your thread at the end of the day. Sure it's fine if you do something that night to do it the next afternoon or w/e but some people saying they never updated for over a week? That's just unacceptable. Was that kind of thing actually commonplace?

As for packages I can see what people are saying about multiple packages and it seems some people are taking it the wrong way. There's no problem at all with splitting packages up however the backer wants to, as long as they disclose this all up front right? The issue was people buying packages thinking they were the only events they were playing when in reality they were going to be playing other events very close together which could affect the profitability of the other package. That said it's possible for people to not sell action to the other events and play them anyway. Is it their responsibility to disclose that they plan to play in the other events and are not selling action for them? What if instead of entering a live event between the events you sell for you just grind online for 16 hours/day those days? You see where I'm going with this right?

As long as this is disclosed I don't see a problem with this at all. If you sell 80% of youself at 1.25 you have just as much interest in the tourney as if you had sold 80% of yourself at 1.0. The buy-in is a sunk cost, you currently have 20%+skill edge in equity in the tourney either way and have the same incentive to play for it. Similarly people talk about you should only be able to sell x% when in reality it's the $ amount not the % that matters. If someone is a $3 mtt reg yet people think he is +ev in a 10k and he sells without markup, he could sell 99% of himself and it would still be a $100 tourney in his eyes aka 30 times his normal stakes and he should take it super seriously. Meanwhile if someone who routinely plays 10k's on his own dime tries to sell action for a $100 it doesn't matter if he even sells only 20% of it he probably won't be playing his best it's only an $80 tourney to him when he regularly plays 10k's. So basically I think the issue is full disclosure. As long as they post the amount they are selling/have sold (if other investors wish to be kept private just post "others: x%") in the thread it's fine as long as they do not have a negative percent of themselves which is obviously wrong.

So anyway yeah I think the biggest issue is full disclosure and that lies on both sides to make sure it happens. To anyone selling it should be obvious you post how much you're looking to sell (and as you sell it how much total you sold), what events you are playing, what the markup is. Also references is a big deal for people you don't know, but they don't help unless investors check them out, I've probably been used as a reference for at least 10 people so far in the past and have been messaged exactly one time to ask about my dealings with them. Further I'd want to know what their dealings with them were not just that they can "vouch" for them (obviously that's not the meaning of the word vouch but a lot of people use it when they don't mean it).

Well said Zach.

+1

where can i find information on how taxes work for when you sell action and cash a live tournament? i've never done it before but plan on selling action to a few tournaments this summer in las vegas and am completely clueless as to how to deal with both american and international buyers (im american).

Is it ethical to have a buy-out clause for a big WSOP package? Let's say I want to play 20 events. I win a bracelet in event #1 and win $500,000. Is it ethical to have a clause in the deal (so no surprises) that says when this happens, I reserve the right to pay everyone their percentages for this tournament, refund the rest of the buy-ins, and then the rest of the tourneys don't have to be played (or I can play on my own)?

if you outlined it clearly beforehand, i dont see why it would be unethical

a lot of ppl skip events for no reason, at least this way the investors book a profit and were informed of the possibility at the time they bought %s

NE Ideas where a WSOP Housing thread should go?

Seems like general marketplace is what you are looking for.

There is one in Las Vegas Lifestyle (thread starter is augie_)

http://forumserver.twoplustwo.com/10...hread-1010222/

No but i reckon it might turn some investors off since a lot of value will come from the Main event which ofc should you bink you would miss. Might go down better if you offered investors maybe 5-10% extra back. Good luck

I've had a lot of investors tell me they'd buy more of my prelims if they weren't bundled with my main event. In theory this is correct, but only so many guys have a the rolls to take huge chunks of 10k 7000 player tournaments.

posting again if anyone has any advice for the tax side of it all

for any people who are investors in the wsop, do most of you hang out in vegas? prefer to pay your shares in person? how do you feel about investing in canadians?

id like to see any interest in a stake for a few wsop tournies as i am from canada, i need some info on the tax side of it all (links?) as well i would prefer any investor to transfer there shares live (meet in person, good trust builder etc..)
if anyone would like to give me some advice i would greatly apreciate it before i set up a bap pm me or just post

thx

wouldnt this turn away alot of investors? when i invest in players it drives me nuts when i help them with buyins/bankrolls, then the minute they bink a huge payout there gone with a thx for nothing attitude. if im there at the beginning i would expect to be there at the end as well,

I don't think this would be unethical as long as you disclose all the info and make it very clear. Id also think that you would probably offer at lower mark up than you'd normally charge to attract investors that might be turned off by the buy out clause. Interesting though, this never crossed my mind.

whats the standard vig in vegas for swaps for cash during wsop?

6-10%

wtf?

looks pretty scammy to me especially the part about the mansion lol are any somewhat known/reputable players on board?

no I get it.... i saw your last 2 posts. more like wtf are you spamming this thread for?

dont forget the part where you pay them.

names?

it clearly says that they will stake amateurs and supply the bankroll. Im interested in hearing more about this mansion with maids chefs and drivers as well. Could you tell me more?
gtfo

there's not much you can do really. not allowed to post ads in the marketplace unless you have been here for 6 months.