Quote:
Originally Posted by The Lipo Fund
-On April 15th 2018, on the 7 year anniversary of Black Friday, Party launched a new promo: PPL$ Leaderboard
-They also released a $1,000,000 leaderboard promotion to encourage players to play the game. This created a lot of hype and drove players like myself into the grind, where I have devoted the last 3 months of my life to satellites, where I have accumulated $215,000 in PPL$ (175k balance). I currrently sit 2nd on the leaderboard that would award me $80,000 in additional prize money if the contest were to end now. This has injected a ton of immediate cashflow in Party Poker where they have full custody over our funds
-Myself and others have pumped a lot of money into this system, under the assumption that all parties were playing by the same rules. I liked the design of the PPL$ system, since PPL$ could only be used for live and couldn't be transferred, I assumed this would make near impossible backed players to be able to compete. As someone who does/has done a lot of backing and investing myself, the liquidity required for a backer to put players in these games when you realize none of the immediate returns is staggering. It was hard enough to fund myself.
Hi - I'm a newbie too and forum lurker. I'm bored on a Sat night, watching the footie, waiting for pizza before X-factor comes on to watch it with my daughter, so I thought I'd add my brief two penneth fwiw...
First of all, the reason I have quoted 'The Lipo Fund' is because I agree with most of what he is saying, he has written it very eloquently and succintly, with inteligence.
I'm pretty sure he is Ryan Reiss too, if anyone wants to know - so you know it's written from someone you may respect.
The reason I know this, or rather think I know this is because I overheard RR talking to another grinder in Nando's pre £5k comp, and specifically he said "I am currently 2nd in the leaderboard".
If it's not RR, then I apologise
Anyway let's be real - it's 50-50 whether it is RR. It either IS Ryan Reiss, or it's not
I have never been (or wanted to be) in the BRS official squad but I have played for them many times over the last couple of years - I am extremely grateful for the chance and opportunity that they gave me, whether it was keeping 25% of winnings or not, I was and am grateful.
They even offered me the chance to go to Kings and Sochi and play for them in $5k and $10k buy ins - I was flabergasted, but each time I had to unfortunately turn those opportunities down. Some of us have businesses and families you know and don't just click buttons with terrible posture and live in our mum's basements!
I think that stables are good for the game and if you want to put a load of people in the comps then great! The prize pools are epic and the comps are great. The more players the better.
From reading a lot of this thread though it seems clear to me that the greyest of areas or as some of you say 'shady dealings' and perhaps the ones that most need to be explained and clarified are the following:
1. accumulative $PPL$ being used in one squad/stable...for anyone...whenever and for whatever. against the T&C's I believe.
I actually won my own £5k entry and tried to sell my ticket/entry several days prior to the comp but I wasn't allowed. Why?...It would've been used anyway, so the pot wouldn't be any less. But alegedly BRS and others maybe can swap and change any $PPL$ won and use it for anyone?
2. PP keeping/retaining money won on a split basis. This seems to be the greyest of areas for me. And actually I'm not sure that I disagree with it either. 'If' there's an arrangement in place that PP put players in to the comp and then keep/retain a % of the players cashing, so what?...keep putting people in, make your guarantees, wipe off the staking against tax by classifying it as sponsorship/advertising/promotion - clever business sense I'd say... 'If' they are doing that.
At the end of the day, that/those player(s) might not cash at all, so in theory the comp has still overlaid, and if they do cash, it 'might' not have overlaid as much.
I'm fine with it, keep doing it...I'll be in the car park tomorrow waiting for the call!