Irunit4times
Yah, no problem I understand that for most people, its not the ideal situation, and frankly, I can afford to play those on my own, the only real thinking is this, if I play those on my own and qualify, then I would be selling the bap at full ticket price so $2575 with markup. A 2.5% stakes would cost $64.38 where as in the super satellite package it's only $10.30. Both ways end up with the same final payouts if I cash in the main event, so yes ultimately it seems -EV in the satellite pricing, if I go on to cash its a pretty good deal.
I would never sell my action of a main event satellite at face value or near it because for $150 id be giving up thousands in a large cash. Its just a way for anyone willing to take a risk, hence a BAP is always risky, for a +EV staking deal if you feel I am good enough to cash in a main event.
Its not for everyone, and if I do win the seat, then I am going to sell my action there, and if it please people to pay that price I am all for it. I just thought I would give an option to those who would want to pay less than a full stake price for a main event but still end up with the same reward. In fact, by allowing myself to get staked at the super satellite prices, I am taking money out of my pocket potentially.
Just my .02 and not forcing anybody to like it or do it, just the way I see things and giving the option.
Irunit4times
So let me start by saying I would expect nothing less from CardDead, he has shown his true colours to me so I have no problem being the target of your entertainment for the night because I know the type of person its coming from. As for the rest, by all means, joke about it, do as you please, to come on here and to call me out is interesting though. I am not holding a gun to anyones head, forcing, or even telling them that its a great money making adventure for them, it was merely an option and nothing else. I lose money and equity by offering my percentage at the satellite cost if I do satellite in and win.
How is it exactly that I am freerolling? My total buy in is $825 my actual cost, which I am guaranteed to play unless I am still in the prior tournament. With the markup the total buy in is $1237. I am selling only 15% which totals $185.55. So I am still buying in for $639.45 of my own money, so I guess thats basically freerolling :s
Why would I guarantee to play a tournament for a small markup on a satellite tournament, I am guaranteeing you the same equity in the main event if I cash based on a much smaller tournament with a markup, this makes no sense, I am better off to not sell any action at any markup and then when/if I win a seat sell it at full value with a small markup like the other main and then make more money that way. So you think as a player it makes more sense to sell my satellite equity par for par and give up that much equity in the main event. Thats insane. As an investor, sure, thats a great deal, but it needs to be equally profitable for player and investor, and I believe that it still is just that. Even if I dont win the $575 seat and won the $275 seat and min cashed, your equity still leaves a good profit. Again, nobody is forced to buy or participate, these are options, and if people do not like it, they do not buy or participate. I am fine with that. Maybe I should just take it down and delete it, which gives me even more drive to win my seat and go on to cash.
You can mock it all you want, I am not saying its the greatest idea ever, but its not as crazy as you may think. How about a player that gets staked 100% but only gets to keep 10-20% of any winnings and 80-90% go to the investor. In this scenario I have no risk, complete freeroll. In this scenario I am guaranteeing to play the satellites if I can and I am still putting up like 77% of the total buy in. I have risk involved too, and I would think that someone who still has a risk to themselves would be more driven to get a return, as they are more impacted by the outcome.
Any staking venture is a risk, and by putting together a bap as a player its a way to hedge your own playing so try and eliminate variance over the long run and providing potential value for the investor. In this scenario there is value because your buying a percentage of the $275 satellite, but virtually by way of its a must play and direct buy in to the next tournament, you are buying a piece at a deeply discounted rate vs the actual main event buy in price. If the $275 buy in was for a cash payout tournament, then the markup would be crazy as the payouts would never be in anyones favour unless I am favourtite to take it down.
I find it funny that you sit there and mock, but there are none of those players with the exception of 1 that offers baps online, and for the most part plays any real tournaments at all. I can quite simply buy in to these tournaments directly but obviously from day one on here I have always liked the idea of selling action, not so much for the money I get back out of it, but as much as I would like to cash and do well and be able to earn some others some money and have others be able to share in any success I may have. If you look back on previous baps, some ive made money, some I havnt, some I have freerolled guys for supporting me. This is by no means a money making venture for me. But you are entitled to feel differently.
Ultimately I am playing these tournaments often now, or as much as I can, and I like to give the opportunity to others to have a chance to share in the success I may have. But if my ideas lead me to be mocked at games by guys who don't "put up" they would rather shit on the ideas of others, I can simply take this bap down and no problem keeping any winnings to myself. In fact my thought of even giving up equity in a main event at a satellite price was ludacris to me, but I thought some people may be able to see value in that and if they do, great, if not, no support, either way I am fine with it.
You wonder why people on here come and go, because when people try to offer suggestions, or put ideas that the older "core" group don't like, its very openly mocked and driven out. This is supposed to be a community for players to share and discuss, if you don't like my ideas, discuss, as you would the logic behind a hand, or a debate you seem so fit to have on a poker site about religion and if god exists, but to come on here insulting me and telling me that im the brunt of a joke and the target of a new poker meme is disgusting as I have done nothing wrong to deserve that and only ever tried to be constructive and part of this forum.
Half the people on here only ever play home games, so thats fine, but the small few actually travel to events, or play live games, discuss it, offer opportunties to support them, discuss tournaments of value and structures and the like. Its interesting that those players are so openly mocked by players that are only ever found at the tables of a basement game. Poker is poker and your entitled to your opinions, but the ones actually out there, playing the live games, telling their stories and trip reports, putting hand analysis discussions and offering baps, deserve a little more respect then that. Otherwise turn thise site into a damn hangout group chat and get rid of the association to poker, because it's disgusting how I have seen players treated on here in the past.
Myself at this moment, blondefish in the past, many players new coming on to post about dreams and aspiring to be pro, or theories about games, and actual poker talk, constantly shit on. I find it sad, and disgusting. Which will again lead me to take a hiatus from this site, and frankly even shut down my poker group.
As the money hungry guy that I am, I run all those games out of my own house, with cards, tables, chairs, etc that I have paid for, a site that I pay monthly for, running games with no rake of any kind to real tournaments. But with the attitudes I have seen on here, I am very uninterested about even bothering anymore, especially with my child on the way, I would rather deal with one child opposed to the antics of many.
Do as you wish with this post, I am pretty well done now. I may just delete entire bap to be honest, refund Hobbes his money and keep my swaps with the players I know who actually play the events.
Rant Over.
