Id be pretty upset as an investor if you didnt play the 2500 and the main. People generally dont bap to grind out a couple percent, you gotta go for the big win!
Well I got bored and started reading this thread from the beginning. First off Blondefish, you really need to make your posts straight to the point. You could literally state your point with 10% of the amount of words you use. Just a friendly suggestion
Assuming Blondefish sold his $2.5k ticket for $2400, you guys made around $2.25 for every 1% of him.
Oh, and I've always known Fallsview to be the worst poker room in Ontario. But I don't bother anymore cause I've been playing poker for over 10 years in Ontario only to see that nothing is ever done for the betterment of the game.
First off Blondefish, you really need to make your posts straight to the point. You could literally state your point with 10% of the amount of words you use. Just a friendly suggestion
Assuming Blondefish sold his $2.5k ticket for $2400, you guys made around $2.25 for every 1% of him.
It's a good thing I don't have your 10% skills as my long PM to the eight paid investors resulted in them getting more than five times as much profit at 11.48% instead of your 2.25% calculation, i.e., around $11 for every 1%.
With my buy-ins at $1,925 and a mark-up of 13%, I was able to sell the prize for $2,425, so the profit I calculated is 11.48%.
[2425 / (1100 + 275 + 550) * 1.13] - 1 = 0.1148.
Using T8urmoney as an example, he paid $485 through INTERAC, which I haven't deposited yet. He will end up with $540.68 (485 / 2175.25 * 2425). I will end up giving away a lot more than 50% of my action, but that's fine.
If the auditing firm of Deloitte Compuease Moose & Popkorn thinks there are errors, please let me know.
Using T8urmoney as an example, he paid $485 through INTERAC, which I haven't deposited yet. He will end up with $540.68 (485 / 2175.25 * 2425).
I'm not a BAP expert, but I come up with a completely different result. Take the 5% example noted, it cost someone $485 for 5% of your BAP. So for any satellite or tournament that you played, they would be charged a markup of 1.13 but would get 5% of any cash. So if you played the $275 and $550 satellites and the $1.1k tournament, wouldn't this be the calculation?
Initial BAP amount (5%)...........................$485
$1.1k tournament ($1,100 x 5% x 1.13)......(62)
$275 Satellite entry ($275 x 5% x 1.13)......(16)
$275 Satellite cash ($2,425 x 5%).............121
$550 Satellite entry ($550 x 5% x 1.13).....(31)
I think you are taking into account only the return on the tournaments you played, but you wouldn't need to pay a percentage return for the portion of the BAP that wasn't used.
So you used $109 ($62 + $16 + $31) of the $485 invested, so the difference of $376 ($485 - $109) gets returned as it was unused. The $109 earned a return of 11.48% as noted, so you owe $121 ($109 x 1.1148) for this used portion, resulting in a total return of $497 on the initial $485 invested.
This is from the audit firm of Deloitte Compuease Moose Popkorn & Jah
Ya poppycock was pretty much right on the money. Lolz gotta love that auto correct. After EMT? Not so much. Better than getting nothing back which is probably the case for 80% of bap investors, ignoring the chances of scammers just running off with the money.
Ya poppycock was pretty much right on the money. Lolz gotta love that auto correct. After EMT? Not so much. Better than getting nothing back which is probably the case for 80% of bap investors, ignoring the chances of scammers just running off with the money.
tapatalk puts this here to annoy YOU
I think this ended up being the best BAP on the forum for the WPT Fallsview and hats off to BF for including the super satellites which he didn't really need to include. Too bad he was so warn out from all the satellites that he couldn't get to play the $2.5k and $5k events....or maybe it was the Royal Flush girls that tired him out
Women are definitely the rake of life....but who doesn't mind paying this kind of rake!
Well I think most people look at BAPS as lottery tickets for a shot at a nice piece of coin for little investment so I would technically disagree with that statement. Now if we were looking at a BAP as a mutual fund then this was solid and I would invest 50 percent if i was consistently getting 2-5 percent each time. However we all know variance rears it's ugly head so I rather go with the 1000-1 shots
I think this ended up being the best BAP on the forum for the WPT Fallsview and hats off to BF for including the super satellites which he didn't really need to include. Too bad he was so warn out from all the satellites that he couldn't get to play the $2.5k and $5k events....or maybe it was the Royal Flush girls that tired him out
Women are definitely the rake of life....but who doesn't mind paying this kind of rake!
The super sats were included in the original BAP of "~8700" which ~ an $1100, 2.5k, 5k & $275 + $550
There was zero wrong with his performance, it would have been nice to hear along the way what was going on, updates that he sold the seat instead of played etc. there were plenty of posts about hotel and meal deals.
Betrthanphil, Steve and Ash were really easy to follow, hell even 140 character update while waiting in bathroom line. If we didn't ask we had zero idea if he even decided to play the 1k. Gone are the old days of a picture of ticket and start stack I guess...
Coles Notes: Interest list for ~$8,600 worth of WPT FPC entries.
Interest list for a BAP for ~$8,600 worth of entries during the WPT Fallsview Poker Classic on February 18-24, e.g., $1100, $2500, $5000 events, $1,050 & $550 satellites. Fallsview is my second most profitable casino.
I had three top two finishes in sold-out casino tournaments on December 8, 9 and 19. At the Fallsview tournaments, I had a hot streak of winning all the satellites I played during TWO consecutive days in December. Another hot streak has started this month as I have won all the satellites I played on February 1, 2 and 7, including another $5,000 Main Event entry!
Selling at ~1.13 MU, so
$485 - 5%
$195 - 2%
$97.50 - 1%
$49 - 0.5%
$25 - 0.25%.
I prefer to sell to people I know or have played with (or that can be vouched for by somebody like compuease). I plan to sell not more than 50% of my action (including swaps).
While buying a piece of me obviously won't get you any money from swappers, I will be swapping with winning players, with the idea that just like I helped the last WPT Fallsview millionaire champion for the entire day of the TV final table, I will have a winning team behind me. The players that I think I will be swapping with are currently at WSOP-C Tunica (to try to qualify for the WSOP National Championship), WPT Florida, or the Aussie Millions Main Event. I was able to contact a player who has four final tables in the Fallsview events, including a >$100,000 cash, :cool: and he agreed to swap 5% on whichever events we both end up playing.
I plan to use my new iPad Air Cellular to blog about the excitement of Canada's #1 poker event exclusively to my investors (subject to any casino restrictions). The priority of course is to maximize EV, but let me know what kind of things you want me to try to include in my blog besides the following to maximize the "sweat equity": event stats, number of cash game and satellite tables, prop bets, credit card roulette, end-of-day shenanigans, & incriminating photos & videos on my iPad. Does anybody know of a better app than Facebook to post updates to a list of names?
I will be responsible for tips. For example, if/when I cash big in any WPT Fallsview event, I plan to tip the maximum $200 merchandise allowed to as many dealers as I can from my winning share, not from investors. Please let me know what percent you want to invest (no sending money yet).
Swaps (For whichever of the 3 events both parties end up playing. For my own tracking; obviously, a BAP investor won't get any winnings from these independent swappers):
5% - westside8
2% - SteveKerr (Events 2 & 3 if we both play)
1%
5%
3%
I think this ended up being the best BAP on the forum for the WPT Fallsview and hats off to BF for including the super satellites which he didn't really need to include. Too bad he was so warn out from all the satellites that he couldn't get to play the $2.5k and $5k events....or maybe it was the Royal Flush girls that tired him out
Women are definitely the rake of life....but who doesn't mind paying this kind of rake!
I'm thinking I might need to keep my mouth shut since I'm not even involved in this BAP. But you saying this is the best BAP on the forum is something I really don't agree with.
Blondefish changed the terms of the agreement. He told you he was going to play all these tournaments that you thought you were going to get action in and then canceled it on you.
Would you still have bought the BAP if it was only going to be for the $1100 and 2 supers especially with that markup? $1100 probably yes, but I don't see people wanting to BAP for just super satellites just to sell the ticket afterwards and not play the main event. Can't see someone paying 1.13 markup on a $275 entry when the most they can win is $2425.
I've met Blondefish before and I trust his integrity, but say I didn't know him, to me it would've looked like you all got hustled into thinking you were BAPing 3 big events, when all he wanted to play was the small one and some multi table satellites which most people wouldn't care to BAP
Well I am confused and right now I do not have time to do the math.
But we were suppose to swap 2% of $7500 worth of buy ins and I shipped 2% of $1100 at the MU to cover the total of the $8600.
Shouldn't I be getting more than what you posted?
Little confused
your situation is a little strange cause what if you did cash in the $2500 and $5000, would you still give your 2% to Blondefish even though he didn't play it. Now that he's cashed in the Satellite I'm curious if you even get anything because that wasn't included in the original terms.
I'm looking forward to see how this is going to get resolved.
I'll plus one that Blondefish seems like a stand up guy and I'm sure this will be resolved properly, it just shows that updates in changing situations might be warranted. It will be a learning lesson for any future similar situations that might arise.
I would say that if both players dont play in the tournament they are swapping for then there is no remaining interest in the other player. The swap is effectively dead.
I would say that if both players dont play in the tournament they are swapping for then there is no remaining interest in the other player. The swap is effectively dead.
True, but players probably won't swap if they don't know whether the other party is playing or not.
The idea is, if I invest $500 10 times with a good player, I would expect to come out ahead more often than not.
I guess if you look at it as a one off.....a good player will cash probably about 20% of the time over a large sample size.
Let me know which lottery gives me those odds please.
I was looking at it from a risk vs reward in terms of roi. Essentially saying the same thing and the markup being the edge. I don't see here though how coming out 2 dollars or 3 dollars ahead for every 25 out in make sense statistically in the long run. The idea being bap has always been in my mind you look for a good value for the dollar where
A - you believe this person is a decent player
B - the prize pool is huge so if they happen to bink it you get a nice return
C - you're putting out money you can afford to lose and you are not worried about a negative outcome
This is where my term of "lottery" comes in. I not discounting the math behind it but at the same time I love baps with multiple entry's or tourney series where one could hit something big.
I, however am not going to lose sleep over the 100 or whatever amount I put into the player and will gladly do it again for your exact reasons.
IMO I think a lot of people bap this series because this was a good shot for a lot of formers to do well and when one decides not to play the entire series and just satty I think it takes away the fun out of the whole sweat.
I believe that is the general discussion. In the end you can take a poll and I think people are willing to roll the dice with a good player to hit a decent score rather than take the safe route for a smaller guaranteed amount that they could have achieved themselves at their particular skill and game level.
Either way I didn't part take in this bap but i believe this player to be solid anyway and would have loved to see a nice win.
Just want to chime in and say, Buddy you can't really do this when you're backed like this. I know you had your reasons for not playing the mtts, but you still played the super sats. As bad as I hate fallsview too, the tournaments as run, were still pretty smooth.
Comments
Well I got bored and started reading this thread from the beginning. First off Blondefish, you really need to make your posts straight to the point. You could literally state your point with 10% of the amount of words you use. Just a friendly suggestion
Assuming Blondefish sold his $2.5k ticket for $2400, you guys made around $2.25 for every 1% of him.
Oh, and I've always known Fallsview to be the worst poker room in Ontario. But I don't bother anymore cause I've been playing poker for over 10 years in Ontario only to see that nothing is ever done for the betterment of the game.
With my buy-ins at $1,925 and a mark-up of 13%, I was able to sell the prize for $2,425, so the profit I calculated is 11.48%.
[2425 / (1100 + 275 + 550) * 1.13] - 1 = 0.1148.
Using T8urmoney as an example, he paid $485 through INTERAC, which I haven't deposited yet. He will end up with $540.68 (485 / 2175.25 * 2425). I will end up giving away a lot more than 50% of my action, but that's fine.
If the auditing firm of Deloitte Compuease Moose & Popkorn thinks there are errors, please let me know.
I'm curious about the profit after emt rake
I'm not a BAP expert, but I come up with a completely different result. Take the 5% example noted, it cost someone $485 for 5% of your BAP. So for any satellite or tournament that you played, they would be charged a markup of 1.13 but would get 5% of any cash. So if you played the $275 and $550 satellites and the $1.1k tournament, wouldn't this be the calculation?
Initial BAP amount (5%)...........................$485
$1.1k tournament ($1,100 x 5% x 1.13)......(62)
$275 Satellite entry ($275 x 5% x 1.13)......(16)
$275 Satellite cash ($2,425 x 5%).............121
$550 Satellite entry ($550 x 5% x 1.13).....(31)
Total.....................................................$497
ROI 2.47% ($497 - $485/$485)
I think you are taking into account only the return on the tournaments you played, but you wouldn't need to pay a percentage return for the portion of the BAP that wasn't used.
So you used $109 ($62 + $16 + $31) of the $485 invested, so the difference of $376 ($485 - $109) gets returned as it was unused. The $109 earned a return of 11.48% as noted, so you owe $121 ($109 x 1.1148) for this used portion, resulting in a total return of $497 on the initial $485 invested.
This is from the audit firm of Deloitte Compuease Moose Popkorn & Jah
I would like to welcome our newest partner to the firm
Ya poppycock was pretty much right on the money. Lolz gotta love that auto correct. After EMT? Not so much. Better than getting nothing back which is probably the case for 80% of bap investors, ignoring the chances of scammers just running off with the money.
tapatalk puts this here to annoy YOU
tapatalk puts this here to annoy YOU
I think this ended up being the best BAP on the forum for the WPT Fallsview and hats off to BF for including the super satellites which he didn't really need to include. Too bad he was so warn out from all the satellites that he couldn't get to play the $2.5k and $5k events....or maybe it was the Royal Flush girls that tired him out
Women are definitely the rake of life....but who doesn't mind paying this kind of rake!
I wouldn't pay markup on a lottery ticket
The super sats were included in the original BAP of "~8700" which ~ an $1100, 2.5k, 5k & $275 + $550
There was zero wrong with his performance, it would have been nice to hear along the way what was going on, updates that he sold the seat instead of played etc. there were plenty of posts about hotel and meal deals.
Betrthanphil, Steve and Ash were really easy to follow, hell even 140 character update while waiting in bathroom line. If we didn't ask we had zero idea if he even decided to play the 1k. Gone are the old days of a picture of ticket and start stack I guess...
No you are paying for someone who has cracked the code a little bit better than the avg player lol
But we were suppose to swap 2% of $7500 worth of buy ins and I shipped 2% of $1100 at the MU to cover the total of the $8600.
Shouldn't I be getting more than what you posted?
Little confused
We were supposed to get $8700 worth at 1.13 making it 10k which is why .25 was $25.
No!
tapatalk puts this here to annoy YOU
No?
Why does the math work then? What's the total of the buyins, including supersats x 1.333 and does it match the BAP percentages?
Please see first paragraph
tapatalk puts this here to annoy YOU
I'm thinking I might need to keep my mouth shut since I'm not even involved in this BAP. But you saying this is the best BAP on the forum is something I really don't agree with.
Blondefish changed the terms of the agreement. He told you he was going to play all these tournaments that you thought you were going to get action in and then canceled it on you.
Would you still have bought the BAP if it was only going to be for the $1100 and 2 supers especially with that markup? $1100 probably yes, but I don't see people wanting to BAP for just super satellites just to sell the ticket afterwards and not play the main event. Can't see someone paying 1.13 markup on a $275 entry when the most they can win is $2425.
I've met Blondefish before and I trust his integrity, but say I didn't know him, to me it would've looked like you all got hustled into thinking you were BAPing 3 big events, when all he wanted to play was the small one and some multi table satellites which most people wouldn't care to BAP
your situation is a little strange cause what if you did cash in the $2500 and $5000, would you still give your 2% to Blondefish even though he didn't play it. Now that he's cashed in the Satellite I'm curious if you even get anything because that wasn't included in the original terms.
I'm looking forward to see how this is going to get resolved.
spoken like a cash game player
The idea is, if I invest $500 10 times with a good player, I would expect to come out ahead more often than not.
I guess if you look at it as a one off.....a good player will cash probably about 20% of the time over a large sample size.
Let me know which lottery gives me those odds please.
True, but players probably won't swap if they don't know whether the other party is playing or not.
I was looking at it from a risk vs reward in terms of roi. Essentially saying the same thing and the markup being the edge. I don't see here though how coming out 2 dollars or 3 dollars ahead for every 25 out in make sense statistically in the long run. The idea being bap has always been in my mind you look for a good value for the dollar where
A - you believe this person is a decent player
B - the prize pool is huge so if they happen to bink it you get a nice return
C - you're putting out money you can afford to lose and you are not worried about a negative outcome
This is where my term of "lottery" comes in. I not discounting the math behind it but at the same time I love baps with multiple entry's or tourney series where one could hit something big.
I, however am not going to lose sleep over the 100 or whatever amount I put into the player and will gladly do it again for your exact reasons.
IMO I think a lot of people bap this series because this was a good shot for a lot of formers to do well and when one decides not to play the entire series and just satty I think it takes away the fun out of the whole sweat.
I believe that is the general discussion. In the end you can take a poll and I think people are willing to roll the dice with a good player to hit a decent score rather than take the safe route for a smaller guaranteed amount that they could have achieved themselves at their particular skill and game level.
Either way I didn't part take in this bap but i believe this player to be solid anyway and would have loved to see a nice win.
Pretty much I should gtfo of this thread lol