Date: Thursday, November 4 - Monday, November 8
Allocated buy-in: $2300
EV: High

Summary:
The Biloxi Circuit Event is in Biloxi starting today (October 28). I can't make it this weekend, but I'm going to drive my family down there next Thursday, November 4 to play in the daily events, including the $1600 main event on Sunday. I am looking to sell up to 60% of the my action at a 13% markup.

I play in Biloxi frequently and this is sure to be a very +EV event. The main event buy in is low, so it should get lots of stragglers.

Many of you know me because I am a frequent staker here. I have been staked once here before and the investors were happy with both my play and my level of communication. Since this will be a live event, I will be tweeting updates, as well as updating a rail thread at the end of each day.

Here are the tourneys:

Thursday, Nov 4..... 7pm...........................................$120 (1 day event)
Friday Nov 5 ..........Noon.................................... ......$345 (2 day event)
Saturday Nov 6...... 7 PM Mega Satellite to main event...$235
Sunday Nov 7........ Noon Main Event...........................$1600 (2 day event)

Total value: $2300
Share price = $2300 *1.13 / 100 = $26 per share
Therefore:
1% = $26
2% = $52
5% = $130
10% = $260
Etc.

I reserve the right not to play in one or more of these events -- and will obviously provide refund with markup.

Previous staking here

Previous rail thread

My Stars OCR



*Note: any "added" value (ie entry to champions event or whatever it is) from binking one of these are NOT part of the deal.

10% presold
50% remains

Ship to apierce on Stars or arp123 on FTP....Thanks

1% reserve as soon as you tell us where to ship funds

Whoops...just edited OP.

I'm interested in 1% ( I'm a low stakes grinder ).

By the way, If you win the satellite will you split the winnings or will you satellite into the ME (which would reduce the value of each share) ?

please reserve 3%. will send in next 48 hours

I am in for 3%.....think this thread is technically supposed to be in live forum, but regardless, I am in.

Will ship this weekend...

Stewart

1% sent Fortitude24 FTP

The value will be applied as if I received the value of the entry. Not quite sure how it would reduce the value (ie. if I win $1600, its $1600 to the team whether I use that as my entry or pay cash).

Can i get 8% at $208?

Or would you rather have it in increments of 5%?

8% is fine.

Not quite, since u charge mark-up on the original 1.6k alloted. So imo if u win the sattelite u should refund the 1.6k of the original buyin + mark-up (treat it like a missed tourney).

Also yeah, u as a 'BAP-Pro' should have known that this doesn't belong here but rather in the 'BAP-Live' section...

This all aside, i'm def interested in buying a piece (thx for the PM), but atm sorting out some of the tax issues live staking has (brag: had two horses at foxwoods scoring >5k each).
So do u know what will happen once u win the main event in regard to withholding taxes and so on?

Nvm, sent 10% from bevorules2009.

gl!


Please confirm?

Good point and thats how I'll play it.

Yeah...I think another regular stakee posted his live here so I followed suit. Mods can move if they they are so inclined.

Sweet brag....The way I understand it is that only state taxes are withheld, so that would reduce the value of the win if I binked something by a small amount. For the feds, you'd pay ur own taxes just like anything else. From reading the WSOP threads, thats what I learned. But I'm open to hear what others have to say.

Reserved and received.

Reserved.

Reserved

Received.

Received.

Edit: if possible I will pay out all winnings pretax if applicable forms are sent to me by investors and that is possible in Mississippi, etc. I'm not sure this can be done, but I will work it out fairly in any event (ie if there is a way to get reimbursed for taxes withheld by the State then I will ship all pretax).

i take 1%, will ship after the weekend.

As i am from Germany and we have a tax treatment with the states which says we don't need to pay taxes in the states i run into some trouble with people at the wsop who wanted to withheld my taxes anyway as i can't provide an american tax id. But can state that i am german and the money goes to germany. Will that be an issue for you?

hey birgit, I am not quite sure about this. I am fairly certain that for US federal tax purposes, I will be able to offset any winnings against amounts I paid back to investors, so I wouldn't expect that to be a problem (but I don't know for certain). Mississippi charges a 3% withholding tax. I am not sure how I would be able to get reimbursed by Mississippi for the amounts I paid back to investors, but as I said in a previous post, I will if I can. 3% is pretty insignificant so hopefully this isn't a problem.

Sent for my 3% on FTP - Miami Misfit.

sent for 3% from baskapf on FTP. GL

sent for my 1%, gl

Reserved:
Private..........10%
foldifiwereu....3%

Paid
Fortitude24....1%
kommunizt......1%
snewman06....3%
phunlemon......10%
baskapf.........3%
Birgit70..........1%

Summary:
32% sold -- 28% Available

First Tourney is Thursday, November 4 at 7PM CT

130 sent from If You Build Lt on FTP

-E

just shipped another 7% to

arp123

from

bevorules2009

on tilt for a total of 17%.

Please confirm

confirmed rec'd...ty