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08-13-2023 , 12:59 PM
Not sure if this is the best place to ask, but, as a mainly mid/high stakes online cash player, what would be a fair ask when selling action for a big field live event like EPT main event?
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08-13-2023 , 01:42 PM
If you are mainly a cash game player, I wouldn’t pay you any markup until you’ve shown some tournaments success and/or demonstrated the understanding of how different the games are.

What’s fair? I don’t really know.
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08-13-2023 , 02:30 PM
I guess Im asking what's a commonplace arrangement. Not looking to sell to you specifically
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08-14-2023 , 01:31 AM
Quote:
Originally Posted by aner0
I guess Im asking what's a commonplace arrangement. Not looking to sell to you specifically
Sure. I wasn’t thinking you were. Let’s turn this hypothetical around: Would you back a tournament regular for cash and give them an overlay?

My main point is that the games are sufficiently different that success in one discipline might have a very weak correlation to success in the other.
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08-14-2023 , 02:25 AM
(expected ROI)/2
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08-14-2023 , 03:44 AM
I would say 1.0 is fair (honestly).

Yes, MTT is 'easier' than cash, but you still have to go out there and learn the ranges, have some grasp of ICM and other tourney concepts.

With the right guidance and resources, you could become decently good in 2-3 days of intensive study, but you still have to do the work.

If you just wanna stumble into the tourney and your entire career is 6max 100bb+ cash, then OK i'll buy because theres enough dead money going around, but I'm not paying a premium. (assuming you really are winning hs online)

Obviously if you played spins or HU you could ask for more since theres prob a bit more overlap.
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08-14-2023 , 09:57 AM
Thanks, Polaris. You said what I was trying to say…
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08-14-2023 , 12:15 PM
yeah i don't disagree with any of your guys points, i was just wondering if it's a thing that commonly happens since i assume a lot of cash specialists play main events and some of them probably sell action, if they usually sell at 1.0 that also satisfies my question since i didn't come with any pretense of it being >1.

If ROI/2 is common, and I assume I have some (however small) edge on that field, then I can imagine that some mu would be reasonable though
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08-14-2023 , 05:54 PM
Fair is whatever the market will bear, and its participants should not be assumed to be rational, and you should not assume that it reaches an equilibrium.

Last edited by EggsMcBluffin; 08-14-2023 at 06:07 PM.
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08-17-2023 , 01:02 PM
i would put different expectations on different circumstances, and action offers would be tailored to fit these expectations.

these factors combine to create different situations for selling action:

proof of your fundamental skill.

other's perception of your integrity.

other's perception of your strategic discipline.

other's perception of your value as a human and friend.

the higher your score for these factors, the more likely it will be that you may be able to sell at markup. insufficiency in one category seems to require proficiency in others.

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given a good roi over lots of games, with corresponding strong confidence intervals(your true winrate has probability x% of being within +/- y roi), i like the roi/2 proposal.

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those are the nuts and bolts. the business part. i feel something needs to be said regarding relationships that form between player and shareholders. these dynamics probably have more significant influence for small stake games. these shareholders may also be people that have provided full stake opportunities for you. theres a good chance that you will have become friends with the shareholders if youre still doing tourney business with the same people a ways down the road.

frankly, i dislike the idea of charging markup to my friends. i do like offering action to my friends first. so if im offering even money tourney action to friends right out the gate, it would be a bit underhanded to sell at markup to others for that tourney.

thats why i just sell at even money, unless im taking a full stake. these days i don't usually sell to people im not friendly with, so it works out in a way that im happy to sell at even money.
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08-18-2023 , 12:33 PM
Quote:
Originally Posted by EggsMcBluffin
Fair is whatever the market will bear, and its participants should not be assumed to be rational, and you should not assume that it reaches an equilibrium.
I tend to agree with this. There are lots of reasons why players buy action and it's not simply based on expected ROI of that player.
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09-10-2023 , 11:24 PM
This is a debated topic all of the time. I would expect you to be selling at 1.10 to 1.20 markup. I would also checkout some of the staking sites like stakekings or pokerstake and see what other players are selling for similar events. A lot of good tournament players sell at 1.05 or 1.10 for high roller events where the fields are tougher. But if it's a softer smaller buy-in event and you have a track record, then 1.30 or even 1.40 (if you have results).
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