Staking markups..?
compuease
Admin
in BAP/Staking
With all of the popularity of staking now I'm wondering about markup. I can understand it for the very successful players but how much markup is fair.
5%-10%-25%? What is the max that would be fair? With the variance in MTT's it really is difficult to compute. Some say I'm doing the bap to reduce my average buyin and that's fine, but if they are also charging a stiff markup isn't that just double counting? By the time we add the markup, say 25% plus the 10% juice the site charges, that's more than a third rake. Can we ever really make anything long term at that rate?
5%-10%-25%? What is the max that would be fair? With the variance in MTT's it really is difficult to compute. Some say I'm doing the bap to reduce my average buyin and that's fine, but if they are also charging a stiff markup isn't that just double counting? By the time we add the markup, say 25% plus the 10% juice the site charges, that's more than a third rake. Can we ever really make anything long term at that rate?
Comments
I might have to offer more of a discount, but this really is a serious question... Interested in what someone like Hobbes has to say... How big of an ROI would one have to have to get a 25% markup? Other than for funzies it really seems like that is extreme... Kinda like paying a big premium for investment advice....
I haven't looked, but could someone point one in the direction of a resource to explain all the terminology/strategy/standard practices?
Theoretically, I'd say 35% ROI (makes you about 10% return on average). In practicality, it's market driven.
The other side, is I have over paid for markup on a horse based on a few factors. One of them being a lot of deep runs. While the ROI may not be there yet, I am betting in the log term it will.
Since Black Friday, a lot of horses are getting more than they deserve (based on the math), but with fewer good horses left the price has gone up.
Hell, I can sell my 45 man turbo action @ 20% markup (26% ROI) quite easily.
Yes. I assumed that they would all know about sample size, etc.
huh?
he means the 30% withheld for live tournaments in the US
Not so sure, Jim was mentioning players pocketing it..
Doubt if I'm investing in a player that has enough to offset the w/h.
As I said for live investing (not much other than here), I assume the 30% w/h.
If I was doing enough live staking, I'd be providing the horse with my ITIN and other information for the paperwork moving the tax liability to me.
Well I was thinking more for online however live in the US is even worse. Say 25% markup, 10-15% rake and the 30% withholding...... How can any investor expect to make money long term..??
Most regular posters here use sensible markup as compared to their ROI.
Like BTP states, one off's need to be rated individually. Most people (not here, but on other sites) sell off to avoid paying 100% themselves (ie. I only have $300, and want to play a $1000 tourney). Each tourney should be rated individually, not necessarily to the buy-in, but the difficulty level of the tourney.
When in doubt, if Hobbes isn't investing, don't buy.
You can't.
Waitwut? You mean, folks lose money at this? Really?!?
+1 bap ceo
A lot of players get back the w/h they deduct from their payouts. IMO this is unfair. BTPhil is one of the exceptions that takes this into account with his BAPs.
Name me one on here.... Not enough real gamblers on here who can show enough in losses.. imo..
Yea, this is a bold statement. Alot of players is much different than hearing about an isolated case.
fwiw Ive never met anyone that has bapped and got a penny back from RMS.
This is a thread about Bap markups, not a bitching session. IMO w/h is an imbedded markup.
No, its a tax. Markup is an option. Witholding is not.
A winning player has little/no chance of getting it back.
Investors should understand going in that your insta-up for 30% roi hit. Which is imo why its almost an unbeatable investment.
Play in Canada, invest in canada. /cherryrant.
Suddenly, paying 1% to a BAP for a WSOPME satellite seems like a tempting proposition.