Bank of Timex. - Page 6 - Poker News - News, Views and Gossip

Does the currency make any impact at all on the legality of this?

Does it matter if wagers are made in USD, EUR, GBP, Corn husks, Rum bottles or cigarettes?

No, but by doing it using Bitcoins you could do it anonymously so there is no one to go after legally. On the other hand this creates a trust issue so you would need someone credible to vouch for it all. That is why hooking up with an already established Bitcoin site like seals with clubs would be a good idea.

Quote

06-12-2013 , 01:27 PM

#127

actionzip54

banned

Join Date: Aug 2009 Posts: 2,855

Can anyone tell me what the puts on Diaz are trading at right now? I figured after his recent ban these things have to be sky high! I own a few and was just curious what kind of market timex is making on these right now.

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06-12-2013 , 01:52 PM

#128

fightingcoward

veteran

Join Date: Jan 2007 Posts: 2,186

Quote:

Originally Posted by BuildingSweaters

I don't normally post. I didn't read many previous comments. I'm sure nobody cares. But, I'd lay money on Timex over the haters.

What he is doing is essentially allowing you to bet on poker players in tournaments. That is what you are doing anyway when you buy shares of xxx player in xxx tournament anyhow. For example, the player is offering himself at -130 but makes a great case for how he's easily -150 so everyone swoops in to buy shares. The beauty of this is, his lines don't have to be anywhere close to accurate as he doesn't allow you to bet the other side.

I hope Timex has done extensive algorithms on the variance and uses max bets wisely. If this plan comes to fruition, he will almost definitely get a bunch of action from someone like Ivey laying 50k on himself. And with some bad luck, there goes half his bankroll.

Lol extensive algorithms he just had a max bet so that someone could take max 20% of themselves in wsop Main for example

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06-12-2013 , 02:57 PM

#129

word1985

adept

Join Date: Apr 2008 Posts: 703

I'm clearly missing something here. Say Player A is charging 1.5 MU on a $1K buyin. You buy 10% and it's $150. Timex will charge you 1.45 MU so your 10% is now $145. So you pay Timex $145 and then what happens? How does Player A get his stake at his requested markup? Does Timex take my $145 and pay player A $150??

Brain is fried today.

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06-12-2013 , 03:15 PM

#130

Banned4lyfe

Sup-Bah? Pop-Bah Pooh-Bear Permanently Pooh-Bah Billy Walters Jr

Join Date: Feb 2013 Posts: 13,932

Player A: "Hey, I'm selling ME shares at 2.05 because I'm an internet wiz"

Timex: "Eh, he's not worth that, I'll sell you the same piece 1t 1.95"

If Player A cashes Timex will pay you out of his OWN pocket.

Quote

06-12-2013 , 03:18 PM

#131

idun215

veteran

Join Date: Jul 2012 Posts: 3,015

Quote:

Originally Posted by Banned4lyfe

no matter what he comes out ahead unless for some unfortunate events everybody has some how made the money.

Quote

06-12-2013 , 05:23 PM

#132

Wizard-50

Pooh-Bah

Join Date: Apr 2008 Posts: 5,783

Quote:

Originally Posted by word1985

Timex is undercutting market prices and selling their action on the side, not in any way as part of the stake. Timex is essentially a bookie.

Quote

06-12-2013 , 06:28 PM

#133

mjcace

Carpal \'Tunnel

Join Date: Jan 2008 Posts: 9,938

The thing is every time he offers/offered action, it was considered a bad investment for the buyer (in his eyes). So really you need to know more or think Timex Is wrong to buy from him. Gl making money like that!

Quote

06-12-2013 , 07:27 PM

#134

rakemeplz

Carpal \'Tunnel

Join Date: Feb 2006 Posts: 12,648

I'm curious if I put my money in the bank of timex for a year how much would I have at the end of that year?

Quote

06-12-2013 , 08:15 PM

#135

orb_dam_u

old hand

Join Date: Jul 2012 Posts: 1,351

Quote:

Originally Posted by rakemeplz

I'm curious if I put my money in the bank of timex for a year how much would I have at the end of that year?

about 3.50 x investment

Quote

06-13-2013 , 02:17 AM

#136

bjornb

Pooh-Bah

Join Date: Nov 2007 Posts: 4,937

http://www.youtube.com/watch?v=13Hh_...ature=youtu.be

Quote

02-14-2014 , 09:56 PM

#137

HighTillIDieT4L

banned

Join Date: Jan 2014 Posts: 729

Quote:

Originally Posted by word1985

In this case Timex would be TAKING the player's action, assuming the player charging 1.5MU is not sold out - i.e. no money goes from investor to player but rather from investor to Timex and the player is irrelevant.

Quote

02-15-2014 , 11:07 AM

#138

Fish Taco

banned

Join Date: Sep 2013 Posts: 1,580

Quote:

Originally Posted by HighTillIDieT4L

Thanks for clearing that up. 8 months later and I was getting worried we would never know.

Quote

01-10-2019 , 12:32 AM

#139

BEANO52

adept

Join Date: Nov 2011 Posts: 1,031

Gossip:

What in the hey diddle is Timex talking about?

https://twitter.com/MikeMcDonald89/s...49979751862272

https://twitter.com/MikeMcDonald89/s...57929933496320

Discuss . . .

Quote

01-10-2019 , 12:41 AM

#140

BulltexasATM

old hand

Join Date: Jul 2009 Posts: 1,685

Quote:

Originally Posted by BEANO52

Gossip:

What in the hey diddle is Timex talking about?

https://twitter.com/MikeMcDonald89/s...49979751862272

https://twitter.com/MikeMcDonald89/s...57929933496320

Discuss . . .

Guy he said owes him $ is deep at PCA and probably told him he’s paying.

Quote

01-10-2019 , 02:03 AM

#141

riverboatking

Carpal \'Tunnel

Join Date: Jun 2004 Posts: 23,789

i would like to bet that the best news of his life isn't someone saying they're gonna pay a 70k debt they've owed for years.

Quote

01-10-2019 , 07:59 AM

#142

namisgr11

old hand

Join Date: Jun 2012 Posts: 1,504

Maybe PokerShares is being bought out?

Edit: I see that's what's being speculated on Twitter, an eight figure sale.

Last edited by namisgr11; 01-10-2019 at 08:07 AM.

Quote

01-11-2019 , 01:30 AM

#143

Chabra

grinder

Join Date: Apr 2013 Posts: 403

8 figures for pokershares seems pretty insane/unrealistic to me.

Quote

01-11-2019 , 10:44 AM

#144

VCC

centurion

Join Date: Dec 2013 Posts: 146

maybe he's bought a new watch.

Quote

01-11-2019 , 03:41 PM

#145

Kelvis

banned

Join Date: Dec 2013 Posts: 8,737

Quote:

Originally Posted by Chabra

8 figures for pokershares seems pretty insane/unrealistic to me.

If that's the case I wouldn't go on twitter announcing "best day of my life" because maybe the buyer might realize I'm totally ripping him off.

Quote

01-11-2019 , 04:04 PM

#146

PeteBlow

Carpal \'Tunnel

Join Date: May 2012 Posts: 14,553

reached puberty?

Quote

06-23-2019 , 02:56 PM

#147

HiRaX

banned

Join Date: Jul 2008 Posts: 16

Quote:

Originally Posted by Kelvis

If that's the case I wouldn't go on twitter announcing "best day of my life" because maybe the buyer might realize I'm totally ripping him off.

this

Quote

06-23-2019 , 03:48 PM

#148

MrFabulous

grinder

Join Date: Apr 2011 Posts: 527

So what was it????

Quote

06-23-2019 , 04:59 PM

#149

jfound

banned

Join Date: Apr 2012 Posts: 2,389

he found god

Quote

06-24-2019 , 02:19 PM

#150

scooter_banks

journeyman

Join Date: Nov 2013 Posts: 232

Quote:

Originally Posted by jfound

he found god

Where was he?

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