***Official 2009 Micro Stakes FR Full Tilt Regulars Thread*** - Page 287 - Micro Stakes Pot Limit and No Limit

He could have sold his 195000 points for $682.5 (@$3.5/1000).
Then, he'd have taken a hit of $263.35 in rakeback.
Leaving a profit of $419.25.
So his $750 TV cost $419.25.

Minus the $264 rakeback hit I actually paid....

11-02-2009 , 03:23 PM

#7152

King Spew

Just average

Join Date: Apr 2006 Posts: 15,227

Quote:

Originally Posted by KurtSF

Uh, I don't think so.

I got: 1 TV valued at $750
I lost: $264 in rakeback and 195000 points

Is this right:::

I got: $682 cash when I sold FTP points
I lost -$264 RB and 195000 points

So we either get a $750 TV or $419 cash.

Points can be sold at $3.5/1000, so the opportunity I am passing up is +$682 cash and -$264 rackback, for a total opportunity cost of $419. So:

I got: 1 TV valued at $750
I lost: $264 in rakeback and the opportunity to make $419

11-02-2009 , 03:37 PM

#7153

KurtSF

Lucky Number Seven

Join Date: Jul 2006 Posts: 16,471

Quote:

Originally Posted by King Spew

Is this right:::

I got: $682 cash when I sold FTP points
I lost -$264 RB and 195000 points

So we either get ( a $750 TV minus $264 in rakeback )

or ( $419 cash. )

11-02-2009 , 03:40 PM

#7154

KurtSF

Lucky Number Seven

Join Date: Jul 2006 Posts: 16,471

One transaction:

= 1TV -$264

other transaction:

= $419

So I could do one or the other. The difference in end results of the two transactions is +1 TV and -$683.

11-02-2009 , 03:51 PM

#7155

I vi ii V7

Carpal \'Tunnel

Join Date: Dec 2007 Posts: 9,998

Quote:

Originally Posted by springsteen87

Do you have rakeback? If so, do you understand that purchasing things from the stores is a losing prop (your rakeback is calculated on a net of FTP point redemption basis AFAIK)

I never had RB. I switched to Stars at the beginning of 2009 for this reason. But, I have like 50k FTP points just sitting there, and I can never find anything I actually want to buy in the FTP store.

11-02-2009 , 03:53 PM

#7156

springsteen87

Carpal \'Tunnel

Join Date: Oct 2007 Posts: 8,998

Quote:

Originally Posted by KurtSF

One transaction:

= 1TV -$264

other transaction:

= $419

So I could do one or the other. The difference in end results of the two transactions is +1 TV and -$683.

I think I agree with this...glad we don't have any econ majors in here cause their heads would have asploded

11-02-2009 , 04:11 PM

#7157

enty

say 'what' again

Join Date: Nov 2008 Posts: 9,914

Quote:

Originally Posted by I vi ii V7

sell them ?

11-02-2009 , 04:21 PM

#7158

I vi ii V7

Carpal \'Tunnel

Join Date: Dec 2007 Posts: 9,998

Quote:

Originally Posted by enty

sell them ?

Seems like $3.50/1k is the top of the going rate. Not good enough for me.

11-02-2009 , 04:25 PM

#7159

KurtSF

Lucky Number Seven

Join Date: Jul 2006 Posts: 16,471

Sevens, I waffled for years about what to get because nothing ever really stood out as something I wanted. Then last month, with some friendly prodding, I finally bought something, and after years of saving I had enough points for a nice something and I'm very happy.

If there's nothing you want, just save 'em.

11-02-2009 , 04:27 PM

#7160

DDAWD

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 6,879

Speaking of Ivey, was anyone else amused by the fact that the concept of online poker schools seem completely foreign to him? I love that old school aspect about him. You don't make money in poker by writing books. You don't make money in poker by becoming a teacher. You make money in poker by playing poker.

11-02-2009 , 04:39 PM

#7161

Equus asinus

veteran

Join Date: Nov 2007 Posts: 2,842

Quote:

Originally Posted by DDAWD

FYP imo

11-02-2009 , 04:40 PM

#7162

I vi ii V7

Carpal \'Tunnel

Join Date: Dec 2007 Posts: 9,998

mmmmmmm e-steak

sounds e-licious!

11-02-2009 , 04:44 PM

#7163

DDAWD

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 6,879

Yeah, but what do you think his actual involvement is with full tilt other than playing on it? I'm sure Furguson is a lot more involved than Ivey is.

11-02-2009 , 04:51 PM

#7164

Equus asinus

veteran

Join Date: Nov 2007 Posts: 2,842

From what I understand he has some equity in it. Any equity in a room that big is going to be pretty epic.

Edit: Especially considering how much they pay for servers/programmers etc. LOL

11-02-2009 , 04:51 PM

#7165

EN09

Pooh-Bah

Join Date: Aug 2007 Posts: 4,271

FTP's vs rakeback really confuse me at times, say for example:

Joey leaves Chicago heading to Las Vegas at 6:55PM on Saturday night via O'Hare, for a WSOP event at the Bellagio on Sunday afternoon at 1:00PM. Joey brings along with him his HP Pavillion dv6000 laptop with a wi-fi connector.

Tiffany, Joey's girlfriend, is planning on leaving Los Angeles Saturday morning at 8:00AM, via her Toyota Solara, as long as the guy she picked up Friday night at the Bike isn't going to offer up any early morning action. She plans on meeting Joey at the Bellagio sometime Saturday night to reserve the Atrium for their engagement party. She also brings along her Mac notebook with wi-fi.

Joey plays 3432 hands of 200nl while on the plane to Vegas. Tiffany played 1376 hands of 50nl before showering and giving herself a close "personal" shave. She then slips on something slinky and nasty before heading to the Bike Friday night.

Both play on Full Tilt and have registered for the 'Piece of Ivey' promotion, and have rakeback accounts. Tiffany has rakeback through thisisthenuts and Joey's rakeback program is through rakeupdate.

As an engagement gift, Joey is planning on spending some of his Full Tilt points on an LCD HDTV flat screen 47" televison while Tiffany now wants to purchase Joey a CB6000.

If Joey drops 195,000 ftp's on the television, and Tiffany uses the gift card to the stockroom the fellow she met at the Bike gave her the morning after their tryst... 1) How many times does Joey bang the flight attendant in the bathroom? 2)Are you bringing a gift to the engagment party? 3) Would you go down on Tiffany that Saturday night not knowing about the Bike and the action that morning? and 4) Are MGR's and spending FTP's at the store really that important to you now?

11-02-2009 , 04:53 PM

#7166

Equus asinus

veteran

Join Date: Nov 2007 Posts: 2,842

Quote:

Originally Posted by EN09

FTP's vs rakeback really confuse me at times, say for example:

Joey leaves Chicago heading to Las Vegas at 6:55PM on Saturday night via O'Hare, for a WSOP event at the Bellagio on Sunday afternoon at 1:00PM. Joey brings along with him his HP Pavillion dv6000 laptop with a wi-fi connector.

Tiffany, Joey's girlfriend, is planning on leaving Los Angeles Saturday morning at 8:00AM, via her Toyota Solara, as long as the guy she picked up Friday night at the Bike isn't going to offer up any early morning action. She plans on meeting Joey at the Bellagio sometime Saturday night to reserve the Atrium for their engagement party. She also brings along her Mac notebook with wi-fi.

Joey plays 3432 hands of 200nl while on the plane to Vegas. Tiffany played 1376 hands of 50nl before showering and a close personal shave. she then slipped on something slinky and nasty befpre heading to the Bike Friday night.

Both play on Full Tilt and have registered for the 'Piece of Ivey' promotion, and have rakeback accounts. Tiffany has rakeback through thisisthenuts and Joey's rakeback program is through rakeupdate.

As an engagement gift, Joey is planning on spending some of his Full Tilt points on an LCD HDTV flat screen 47" televison while Tiffany now wants to purchase Joey a CB6000.

If Joey drops 195,000 ftp's on the television, and Tiffany uses the gift card to the stockroom the fellow she met at the Bike gave her the morning after their tryst... 1) How many times does Joey bang the flight attendant in the bathroom? 2)Are you bringing a gift to the engagment party? 3) Would you go down on Tiffany that Saturday night not knowing about the Bike and the action that morning? and 4) Are MGR's and spending FTP's at the store really that important to you now?

<--- *Looks for scrap paper... then thinks better of it*

11-02-2009 , 05:00 PM

#7167

kflip

old hand

Join Date: Apr 2007 Posts: 1,353

Quote:

Originally Posted by KurtSF

One transaction:

= 1TV -$264

other transaction:

= $419

So I could do one or the other. The difference in end results of the two transactions is +1 TV and -$683.

I don't get it. Thought selling points = buying an item in the store and shipping it to the buyer, who then ships you the money? In that case you take the RB hit too. Or did you subtract that before from the $$/1000 points?

11-02-2009 , 05:03 PM

#7168

JLBorloo

Pooh-Bah

Join Date: Dec 2008 Posts: 5,222

Quote:

Originally Posted by EN09

Post of the month. November 2nd. Now that's epic

11-02-2009 , 05:18 PM

#7169

springsteen87

Carpal \'Tunnel

Join Date: Oct 2007 Posts: 8,998

I didn't read it at first, but that is a solid solid post EN09...the situation does kinda seem like that eh?

11-02-2009 , 05:19 PM

#7170

KurtSF

Lucky Number Seven

Join Date: Jul 2006 Posts: 16,471

Quote:

Originally Posted by kflip

Yeah, already subtracted it out ($682-$264) to get the $419 figure.

11-02-2009 , 05:25 PM

#7171

DDAWD

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 6,879

Going down on Tiff after her tryst with the Bike guy is very -EV

11-02-2009 , 05:27 PM

#7172

kflip

old hand

Join Date: Apr 2007 Posts: 1,353

thx, Kurt

11-02-2009 , 05:30 PM

#7173

EN09

Pooh-Bah

Join Date: Aug 2007 Posts: 4,271

Quote:

Originally Posted by DDAWD

Going down on Tiff after her tryst with the Bike guy is very -EV

If you kinew it was Cyril, would it make a difference?

11-02-2009 , 05:36 PM

#7174

DDAWD

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 6,879

Quote:

Originally Posted by EN09

If you kinew it was Cyril, would it make a difference?

I only have 20 hands on Cyril. Not enough of a sample size.

11-02-2009 , 06:02 PM

#7175

enty

say 'what' again

Join Date: Nov 2008 Posts: 9,914

tables are sick good atm
fish are out in mega force

i only play deep tables btw and 50nl FR
now i just need to fade KK vs AA's

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