LAPT Colombia Auction CANCELLED SEE NEW THREAD

[cambridgealex]

Hi, my name is Alex Goulder and I recently won a seat to LAPT Colombia which is on the 8th August and a 4.2million buyin event....



4,200,000.00 COP   =   1,505.301 GBP
Colombian Peso   ↔   British Pound

I'm auctioning off 10%, or 20% if reserve price is met. edit: reserve price pmed to Tight End.

I honestly think this will be one of softest tournaments I'm ever likely to play. From watching the players in the satellites (mainly compromised of players from South America) and from my experience of playing online with Brazilians, Venezuelans etc, I think I'm very well placed to make a deep run. I find that events such as these suit my style more than any others, as they are all about value betting well, making disciplined folds and picking off bluffs, rather than complex plays, high variance lines and balancing ranges. Being a predominately live player, I'm very accustomed to this style and once I get a stack and get deep into an event, I usually go really deep because I know how to play vs these player types very well and value my tournament life in a soft field very highly. Although obviously a very small sample size, I think my hendon mob results of 1st, 1st, 4th, 6th out of the 9 events they've recorded there show this to some extent. I want to sell myself, but I don't want to overdo it, so I'll leave it at that.

There was 685 runners for this event last year, so the prizepool will be very juicy, at a very rough guess first prize between £200k and £300k

http://www.sharkscope.com/#Player-Statistics//networks/PokerStars/players/20alex430?filter=
http://www.sharkscope.com/#Player-Statistics//networks/*/players/Sr%20Croissant
http://pokerdb.thehendonmob.com/player.php?a=r&n=186500

I think this'll be a really fun sweat and it'd be good to get lots of blondes on board having a little slice.

The auction will end at midnight this Sunday 29th July.

Edit: I'll only be accepting bids on this thread OR on my diary thread. That way people with less than 300 posts can still bid, but all bids are transparent and in public.

1% starts at £15.05
10% £150.50

Good luck.

Bids
RedSimon 2% @ 1.59
rfgqqabc 2.5% 1.52
TL900 2.5% @ 1.42
MC 10% @ 1.4
Millidonk 2.5% @1.15
JJandellis 3% @ 1.17

[millidonk]

For transparency has the reserve price been pre-disclosed with anyone? 

2.5% @1.15

[cambridgealex]

Note: The exchange rates are pretty volatile so I'll lock in the exchange as above for the buying. If we cash, I don't know how I'll receive the money, it might be in USD, it might be in pesos or bank transfer. Either way, I'll consult blondes or someone well-placed to make the best judgement at the time. I'm travelling around Colombia after the event so will be in no rush to leave, I'll make sure that however we get the money will be the best way and no-one will lose out more than necessary on the exchange rate. Loses will be shared equally amongst investors and myself.

For example: It turns out that the most +EV way of getting the money is to get it in USD cash, then investors can receive their share in USD cash or they can receive their share in £ at the rate at which I manage to convert it.

Very open to advice on this policy of course, feel free to comment even if not interested in the thread.

[cambridgealex]

Auctions rules as standard:

Everyone who is interested in buying a piece should make a bid for a certain percentage with the maximum price they would be prepared to pay for that piece. e.g. pleno 5% @ 1.8
All the bids are arranged in descending order by price* and the top 10 percentiles** at 00:00 on Monday 30th July win the auction.
Every winner pays the price of the lowest winning bid.

*In the event of a tie, the bid made first chronologically will take precedence
**This may involve one person receiving only part of the percentage that they bid for.

You can make as many bids as you like, e.g. if you would buy 10% at 1.1 but only 5% at 1.2, you can make 2 bids, 5@1.1 and 5@1.2, if the strike price finishes 1.1 or below you will have 10%, between 1.1 and 1.2 you will get 5% and over 1.2 you won't buy any.
Bids will be rounded to 2 decimal places, i.e. 1.333 will be considered the same as 1.33 and ranked chronologically
Bids are binding and cannot be withdrawn, I am ending the auction in plenty of time to chase everyone up for payment before the event.
To prevent any <0.5 shenanigans, the minimum price will be 1.0
In the event of some unforeseen dispute arising the referee's* decision will be final.

*me

[cambridgealex]

For transparency has the reserve price been pre-disclosed with anyone? 

2.5% @1.15

Good point, sending a pm to Tighty right now.

[pleno1]

Hi,

Is there a link to the structure?

[millidonk]

For transparency has the reserve price been pre-disclosed with anyone? 

2.5% @1.15

Good point, sending a pm to Tighty right now.

Yea defo the best bet, otherwise we might end up with a thread entitled 'Cambridge Alex aka Alex Goulder still scamming July 2012'

[cambridgealex]

Hi,

Is there a link to the structure?

http://www.lapt.com/tournaments/colombia/

20k stack, 60 minute clock. The antes are larger than usual in some levels (eg 200/400/75), which I really like, rewards the more aggressive players for blind stealing etc.

[MC]

10% @ 1.4

[millidonk]

I think this'll be a really fun sweat and it'd be good to get lots of blondes on board having a little slice.

1% starts at £15.05
10% £150.50

Good luck.

Max 2% per person for super forum sweats??

[cambridgealex]

I think this'll be a really fun sweat and it'd be good to get lots of blondes on board having a little slice.

1% starts at £15.05
10% £150.50

Good luck.

Max 2% per person for super forum sweats??

Nice idea, but no

[TightEnd]

Confirm have received reserve price. Won't disclose to anyone, obviously

[Junior Senior]

3% at 1.22 please Goulden Boy

[cambridgealex]

3% at 1.22 please Goulden Boy

MC took 10% at 1.4 so 1.41 is the minimum price now

[Woodsey]

3% at 1.22 please Goulden Boy

MC took 10% at 1.4 so 1.41 is the minimum price now

So I assume that means the reserve is above 1.41?