why is there an 8k package fir a 2.5k event?

I won a LAPT package last year where the Hotel part was a significant part of the package; it was at an all-inclusive 5-star resort, so it accounted for $1,700 of the total $6,000. The relevant part about this s that the package was for myself + 1 guest. I assume that the hotel package you received is the same in that you can bring a friend along at no additional charge.

I see these satellite packages as not just a satellite ticket. You win a trip for two to Vegas + a ticket to a WSOP event. If your backer decides not to use the trip to Vegas, that is his prerogative. Half of the hotel package is his, and he is just as entitled to use it as you. If he wants to pay for his flight on his own (as I assume you are doing as well) then by all means he should. However, if he chooses not to use it, then he forfeits that part of the package.

On the other hand, if you are bringing a girlfriend/partner/other friend along with you instead of him, and this person will be using the hotel, then you owe him $750. You have essentially bought his part of the hotel package for your friend.

that's just my 2 cents

^^^^ that -

the hotel "package" is not redeemable for cash money so you don't owe anything. He either takes his "half" of the package and goes to vegas and stays at the hotel or he doesn't.

We settled at $750 as a result of this thread. I pointed this thread at him just before the sheets' post was linked and told him that I'll still settle for $750 despite a lot of people suggesting I should pay $0. Then we read the sheets post which kind of turned everything around, but in all fairness we agreed to make it $750 as I also offered that when it looked like the correct answer is $0. I think given circumstances that's the fairest option although probably not the most standard one.

Thanks everyone for responses, a lot of eye-opening stuff ITT for future reference. See you guys in Vegas.

When you win a package like this, do you get cash for a hotel room or a reservation for a hotel room? If it is the former, obv it goes towards MU, and you pay for travel expenses out of your own pocket. If it is the latter, then get two beds for the hotel and suggest to your backer that you two have a slumber party. If he refuses, you shouldn't owe him anything imo. If he doesn't like this, he should not be allowing you to play these kinds of satties in the first place.

I think this is similar to when I play a WSOP event and I get a food voucher. My backer ain't seeing **** from that voucher. I am eating a cheeseburger.

Food voucher = live rakeback

the $1500 hotel room comes from the prizepool of a tournament that your backer put you in, therefore he is entitled to his share of those winnings. if you had no makeup at the time of the win then it would be a 50/50 split of the 'winnings', thus you would owe him $750. If you can't afford to pay him $750 cash out of your pocket for whatever reason, then you would add $1500 to makeup (essentially he would be loaning you the $750 to pay him back). If you were in makeup, he would be entitled to all of the winnings up to the point of clearing the makeup. So, for simplicity sake, let's say you have more than $1500 in makeup. You would owe him $1500 for the room, BUT $1500 would come off of makeup (just like if you won $1500 in some other tourney). If you could not afford to pay him the $1500 for whatever reason, he would add $3k to makeup (again, just a loan).

That makes no sense. This would be akin to a staking deal where the backer pays travel/hotel expenses and only adds the flight+hotel cost to makeup. Obviously in those instances the backer would add flight+hotel(x2) to makeup, as it's essentially just a loan. There is no ROI in a $1500 hotel room.

That's ridiculous. The onus should be on the player to find a roommate if he wants to cut down on personal costs, not the backer. If a player is expecting to play a live tournament he should figure that he will be paying his travel expenses, as that is pretty common sense.

what billy bibbet & tdome said

Pghfan,

It's your position that Bax and Sheets should either have to jet all around the world sharing hotel rooms with kids half their age, or else forfeit the value of the hotel rooms that were won with their money?

Let's say I win a WSOP Seat and sign with Stars

As a Supernova player, I am entitled to a free Suite Upgrade. Do I have to give my backer the difference between the $1500 and the value of the suite? Does it matter that I keep all bonuses, FPPs, etc as part of our staking arrangement?

why would u legitimize such a ridiculous post with a response?

First of all, it's my position that they should negotiate terms beforehand. In the absence of such an agreement, any money credited to the account for expenses goes towards makeup. For example if their Stars account gets credited $12,000 for a 10 K buy-in + travel expenses, all of that goes towards makeup, and the horse can decide with the backer if he wants to play that event (adding 10 K makeup, and making the horse pay for travel expenses). If the horse wins an actual hotel room reservation that is non-transferrable, then the horse gets to stay there assuming he is playing the live event while backed. I didn't think packages worked this way usually, but I don't know for certain.

Absent an explicit agreement to the contrary, I do not think a staked player owes his backer half of the monetary value of perishable items used in the course of playing a live event such as food vouchers or hotel rooms.

I could be wrong, that is just my belief. I am going to Vegas for three weeks and paying all of my own expenses. I do not generally play satties to live events so I am not familar with how the prizepool is distributed. For instance, I believe the OP said overlay was involved, and I am not sure how to factor that in. I don't know of anyone who gives their backers half of the value of food vouchers, I am interested to hear the reasoning behind that.

You don't understand that food vouchers are essentially rakeback? I know plenty of backers that get their share of FPPs/rakeback/VIP Stellar Rewards/etc.

But with all the staked players playing in the WSOP, do they give their backers half of the value of a $10 food voucher, regardless of whether they use it? Even if the principle is the same (which is debatable), in practice receiving rakeback in your online poker account is very different than receiving a $10 food voucher.

Fine, the backer could give the player $5 for the $10 food voucher.