Title: Swapping Percentages Post by: CrestOfaWave on July 04, 2007, 12:18:31 AM I would be interested to hear what is the best way to swap a percentage of your tournament stake with another player and what is way to do it without getting into a later dispute.
Option 1 - pre start of Tournament. Swap 10% of potential winnings with a fellow entrant. Option 2 - mid stacked after day 2 but still away from money. Swapping 10% with another player on similar stack as potential hedge. Any access to contracts or way these are written up would be appreciated. Thanks Greg Title: Re: Swapping Percentages Post by: AndrewT on July 04, 2007, 12:20:25 AM If you feel as though you need to draw up a contract with someone then I wouldn't do the swap.
Title: Re: Swapping Percentages Post by: CrestOfaWave on July 04, 2007, 12:27:59 AM Hi Andrew - valid point. Guess this is where judgement comes in to play. Do most poker players honour these verbal commitments then as you often here about 10% savers etc but I am sure disputes arise from time to time so a simple written contract seems a sensible thing to do - particularly in a big tournament.
Title: Re: Swapping Percentages Post by: Ironside on July 04, 2007, 12:30:52 AM i never swap a % of myself
but if you were to do so make sure its with someone you know well and trust some players have been known to swap/sell more than 100% of themselves and some player have a dozen or more people waiting on the rail to pay off debts too before you get to see your share contract or no contract Title: Re: Swapping Percentages Post by: Dingdell on July 04, 2007, 12:36:10 AM I used to swap 10% with an ex of mine and he did better out of it than I did - you have to be prepared to always be shelling out and not receiving. Ask M3boy!
I always make a point of asking Tighty if we had 10% once I've been knocked out and that automatically bokks him and he goes home early! I dont see many problems with %'s unless you're Jamie Gold. What happened about that anyway? Title: Re: Swapping Percentages Post by: Wardonkey on July 04, 2007, 12:37:24 AM If you feel as though you need to draw up a contract with someone then I wouldn't do the swap. Ditto. It's a simple transaction. 10% of any payout is not complicated enough to warrant a contract. If I felt I might need a contract then there's no way I'm doing the deal. Title: Re: Swapping Percentages Post by: AndrewT on July 04, 2007, 12:37:51 AM I dont see many problems with %'s unless you're Jamie Gold. What happened about that anyway? I think he had to give half to the other guy. At the moment he is spewing his half all over the cash games at the Venetian. Title: Re: Swapping Percentages Post by: The Camel on July 04, 2007, 01:13:28 AM I've been playing nearly 20 years now (Christ I'm getting old). I've only once had a problem with % swapping.
Basically you should only swap with someone you like and trust. I think if I offered to swap a % with someone and then produced a contract for them to sign they would either roll around laughing or be highly offended. If there's any doubt, just don't do it. Title: Re: Swapping Percentages Post by: CrestOfaWave on July 04, 2007, 01:35:55 AM thanks Camel - will take on board the advise. (Wow 20 years playing - only have 18.5 years to catch up)
If I get to Day 4 next week will think about doing this as a hedge. GL next week. Title: Re: Swapping Percentages Post by: action man on July 04, 2007, 01:08:50 PM if your talking about the M.E, if i t was me i would try find a 10% before, not only is the money lucrative but if you get knocked out then you have someone to root for, better still in this comp i would get a team of three together and have three 5%'s that way you have a better shot of getting some good dough if you get busted.
Title: Re: Swapping Percentages Post by: CrestOfaWave on July 04, 2007, 10:41:15 PM if your talking about the M.E, if i t was me i would try find a 10% before, not only is the money lucrative but if you get knocked out then you have someone to root for, better still in this comp i would get a team of three together and have three 5%'s that way you have a better shot of getting some good dough if you get busted. That's a very good idea. I have won my seat and will pay in my entry this Saturday Night for a Sunday or Monday starting day. If we can get 4 blondes playing (including me) in the Main Event to do a 5% saver it will make the live updates even more intersting if suckedout on before the money. pm me if interested. You playing in it Action Man? |