Two Plus Two Publishing LLC Two Plus Two Publishing LLC
 

Go Back   Two Plus Two Poker Forums > >

Online No-Limit Hold’em Cash Discussion of no-limit hold’em online cash games of all stakes, including pot-limit and cap games.

Closed Thread
 
Thread Tools Display Modes
Old 11-02-2009, 03:12 PM   #7151
KurtSF
Lucky Number Seven
 
KurtSF's Avatar
 
Join Date: Jul 2006
Location: 0EV against everyone ... seriously
Posts: 16,471
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

Quote:
Originally Posted by newb1 View Post
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....
KurtSF is offline  
Old 11-02-2009, 03:23 PM   #7152
King Spew
Antici
 
King Spew's Avatar
 
Join Date: Apr 2006
Location: pation
Posts: 13,601
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

Quote:
Originally Posted by KurtSF View Post
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
?
King Spew is offline  
Old 11-02-2009, 03:37 PM   #7153
KurtSF
Lucky Number Seven
 
KurtSF's Avatar
 
Join Date: Jul 2006
Location: 0EV against everyone ... seriously
Posts: 16,471
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

Quote:
Originally Posted by King Spew View Post
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. )
.
KurtSF is offline  
Old 11-02-2009, 03:40 PM   #7154
KurtSF
Lucky Number Seven
 
KurtSF's Avatar
 
Join Date: Jul 2006
Location: 0EV against everyone ... seriously
Posts: 16,471
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

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.
KurtSF is offline  
Old 11-02-2009, 03:51 PM   #7155
I vi ii V7
Carpal \'Tunnel
 
I vi ii V7's Avatar
 
Join Date: Dec 2007
Location: Aiming for 100% fold to 3b
Posts: 9,998
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

Quote:
Originally Posted by springsteen87 View Post
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.
I vi ii V7 is offline  
Old 11-02-2009, 03:53 PM   #7156
springsteen87
Carpal \'Tunnel
 
springsteen87's Avatar
 
Join Date: Oct 2007
Location: Minneapolis, MN
Posts: 8,998
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

Quote:
Originally Posted by KurtSF View Post
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
springsteen87 is offline  
Old 11-02-2009, 04:11 PM   #7157
enty
say 'what' again
 
enty's Avatar
 
Join Date: Nov 2008
Location: dazed
Posts: 9,914
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

Quote:
Originally Posted by I vi ii V7 View Post
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.
sell them ?
enty is offline  
Old 11-02-2009, 04:21 PM   #7158
I vi ii V7
Carpal \'Tunnel
 
I vi ii V7's Avatar
 
Join Date: Dec 2007
Location: Aiming for 100% fold to 3b
Posts: 9,998
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

Quote:
Originally Posted by enty View Post
sell them ?
Seems like $3.50/1k is the top of the going rate. Not good enough for me.
I vi ii V7 is offline  
Old 11-02-2009, 04:25 PM   #7159
KurtSF
Lucky Number Seven
 
KurtSF's Avatar
 
Join Date: Jul 2006
Location: 0EV against everyone ... seriously
Posts: 16,471
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

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.
KurtSF is offline  
Old 11-02-2009, 04:27 PM   #7160
DDAWD
Carpal \'Tunnel
 
Join Date: Aug 2009
Posts: 6,879
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

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.
DDAWD is offline  
Old 11-02-2009, 04:39 PM   #7161
Equus asinus
veteran
 
Equus asinus's Avatar
 
Join Date: Nov 2007
Posts: 2,842
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

Quote:
Originally Posted by DDAWD View Post
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 and having a steak in the second largest online poker room.
FYP imo
Equus asinus is offline  
Old 11-02-2009, 04:40 PM   #7162
I vi ii V7
Carpal \'Tunnel
 
I vi ii V7's Avatar
 
Join Date: Dec 2007
Location: Aiming for 100% fold to 3b
Posts: 9,998
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

mmmmmmm e-steak

sounds e-licious!
I vi ii V7 is offline  
Old 11-02-2009, 04:44 PM   #7163
DDAWD
Carpal \'Tunnel
 
Join Date: Aug 2009
Posts: 6,879
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

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.
DDAWD is offline  
Old 11-02-2009, 04:51 PM   #7164
Equus asinus
veteran
 
Equus asinus's Avatar
 
Join Date: Nov 2007
Posts: 2,842
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

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
Equus asinus is offline  
Old 11-02-2009, 04:51 PM   #7165
EN09
Pooh-Bah
 
EN09's Avatar
 
Join Date: Aug 2007
Location: Buncha savages in this town.
Posts: 4,271
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

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?
EN09 is offline  
Old 11-02-2009, 04:53 PM   #7166
Equus asinus
veteran
 
Equus asinus's Avatar
 
Join Date: Nov 2007
Posts: 2,842
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

Quote:
Originally Posted by EN09 View Post
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*
Equus asinus is offline  
Old 11-02-2009, 05:00 PM   #7167
kflip
old hand
 
kflip's Avatar
 
Join Date: Apr 2007
Location: Subspace
Posts: 1,353
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

Quote:
Originally Posted by KurtSF View Post
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?
kflip is offline  
Old 11-02-2009, 05:03 PM   #7168
JLBorloo
Pooh-Bah
 
JLBorloo's Avatar
 
Join Date: Dec 2008
Location: think global, bang local.
Posts: 5,222
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

Quote:
Originally Posted by EN09 View Post
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?
Post of the month. November 2nd. Now that's epic
JLBorloo is offline  
Old 11-02-2009, 05:18 PM   #7169
springsteen87
Carpal \'Tunnel
 
springsteen87's Avatar
 
Join Date: Oct 2007
Location: Minneapolis, MN
Posts: 8,998
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

I didn't read it at first, but that is a solid solid post EN09...the situation does kinda seem like that eh?
springsteen87 is offline  
Old 11-02-2009, 05:19 PM   #7170
KurtSF
Lucky Number Seven
 
KurtSF's Avatar
 
Join Date: Jul 2006
Location: 0EV against everyone ... seriously
Posts: 16,471
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

Quote:
Originally Posted by kflip View Post
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?
Yeah, already subtracted it out ($682-$264) to get the $419 figure.
KurtSF is offline  
Old 11-02-2009, 05:25 PM   #7171
DDAWD
Carpal \'Tunnel
 
Join Date: Aug 2009
Posts: 6,879
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

Going down on Tiff after her tryst with the Bike guy is very -EV
DDAWD is offline  
Old 11-02-2009, 05:27 PM   #7172
kflip
old hand
 
kflip's Avatar
 
Join Date: Apr 2007
Location: Subspace
Posts: 1,353
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

thx, Kurt
kflip is offline  
Old 11-02-2009, 05:30 PM   #7173
EN09
Pooh-Bah
 
EN09's Avatar
 
Join Date: Aug 2007
Location: Buncha savages in this town.
Posts: 4,271
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

Quote:
Originally Posted by DDAWD View Post
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?
EN09 is offline  
Old 11-02-2009, 05:36 PM   #7174
DDAWD
Carpal \'Tunnel
 
Join Date: Aug 2009
Posts: 6,879
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

Quote:
Originally Posted by EN09 View Post
If you kinew it was Cyril, would it make a difference?
I only have 20 hands on Cyril. Not enough of a sample size.
DDAWD is offline  
Old 11-02-2009, 06:02 PM   #7175
enty
say 'what' again
 
enty's Avatar
 
Join Date: Nov 2008
Location: dazed
Posts: 9,914
Re: ***Official 2009 Micro Stakes FR Full Tilt Regulars Thread***

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
enty is offline  

Closed Thread
      

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Forum Jump


All times are GMT -4. The time now is 08:18 AM.


Powered by vBulletin®
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Copyright © 2008-2020, Two Plus Two Interactive