Title: Imaginary Arbitration Post by: pleno1 on May 07, 2013, 03:32:51 PM Hi,
Player 1 is 1/100/15000 in Mini FTOPS $75 buy in, guaranteed $850. His internet is about to die because of a thunderstorm and due to the Tilt t&c's he gives his username/password to a friend who has railed for the last 30-60 minutes. He does not return for the rest of the tournament. They agree to arbitrate on Blonde the next day. What % should both players keep and why? Title: Re: Imaginary Arbitration Post by: Simon Galloway on May 07, 2013, 03:37:16 PM A) "Here is my username and password. You are playing for X% ~ GL"
B) "Why don't you win 15k and then we have a really big argument afterwards about how much is yours?" As it is an imaginary situation.... I don't think you can set a blanket %... will all depend on how long the clock is etc as to how many hours this is likely to go to the decent ladder spots ITM. As the account holder, I'd try and figure out a fair (and then some) % that would be worth his while to grind it, and then I'd prolly also try and create a sliding scale to really reward them if they FT+'d Title: Re: Imaginary Arbitration Post by: pleno1 on May 07, 2013, 03:40:12 PM player A said he was too tired to work out what a fair % was and both agree dthey would arbitrate the next day.
Title: Re: Imaginary Arbitration Post by: outragous76 on May 07, 2013, 03:40:56 PM Agree it before hand and dont make this silly idea once there is money at stake!
as for now 50/50 (but player 1 keeps the 850 already made) Title: Re: Imaginary Arbitration Post by: The Camel on May 07, 2013, 03:43:06 PM Agree it before hand and dont make this silly idea once there is money at stake! as for now 50/50 (but player 1 keeps the 850 already made) 50/50 seems far too weighted in favour of the player taking over. Something more like 70/30 seems fair to me. Title: Re: Imaginary Arbitration Post by: Simon Galloway on May 07, 2013, 03:44:02 PM player A said he was too tired to work out what a fair % was and both agree dthey would arbitrate the next day. Player A is making a bad decision which is going to cause him more tiredness tomorrow than just figuring it out right there. "The reason why some are sat in the shade is they planted a tree previously." - Tikay (kinda) Title: Re: Imaginary Arbitration Post by: pleno1 on May 07, 2013, 03:44:59 PM but you are tired/tilted at your internet and have 2 seconds to work out a % that could potentially cost you tens of thousands, or you could agree the next day with people who have time to think. I think it is the best way to do it.
Title: Re: Imaginary Arbitration Post by: Simon Galloway on May 07, 2013, 03:47:53 PM I'd prolly use a telephone.
Title: Re: Imaginary Arbitration Post by: Yian on May 07, 2013, 03:47:57 PM The answer is not fixed in all scenarios. If player 2 finishes 99th he should be entitled to nothing. It kind of depends on what player 2 goes on to do with the stack player 1 has already amassed. The % should gradually climb the deeper player 2 gets in the tournament, capped at something like 40% if he wins it.
Title: Re: Imaginary Arbitration Post by: AndrewT on May 07, 2013, 03:50:00 PM Ignore the $850 that's booked and then the split is whatever Player A would want to buyin Player B into the tourney as a one off with no makeup.
As Keith said, these type of deals are generally 70/30 in the backer's favour. Title: Re: Imaginary Arbitration Post by: Yian on May 07, 2013, 03:54:11 PM Ignore the $850 that's booked and then the split is whatever Player A would want to buyin Player B into the tourney as a one off with no makeup. As Keith said, these type of deals are generally 70/30 in the backer's favour. This is probably the correct technical answer. The answer is not fixed in all scenarios. If player 2 finishes 99th he should be entitled to nothing. It kind of depends on what player 2 goes on to do with the stack player 1 has already amassed. The % should gradually climb the deeper player 2 gets in the tournament, capped at something like 40% if he wins it. But doesn't this feel more right because if he goes on to finish 50th, he's kind of flopped it from being 1/100 so should probably get nothing. Title: Re: Imaginary Arbitration Post by: outragous76 on May 07, 2013, 04:00:46 PM Agree it before hand and dont make this silly idea once there is money at stake! as for now 50/50 (but player 1 keeps the 850 already made) 50/50 seems far too weighted in favour of the player taking over. Something more like 70/30 seems fair to me. Player A is likely to realise about an extra $350 by blinding out By taking the 850 he incentivises player B to go deep By not taking player B offer he can only get the 350 I think 50/50 is fine here Title: Re: Imaginary Arbitration Post by: pleno1 on May 07, 2013, 04:02:54 PM Agree it before hand and dont make this silly idea once there is money at stake! as for now 50/50 (but player 1 keeps the 850 already made) 50/50 seems far too weighted in favour of the player taking over. Something more like 70/30 seems fair to me. Player A is likely to realise about an extra $350 by blinding out Hm I'd sya more than that, around 120bbs with v good structure, lots of small stacks and bigger pay jumps. $250k ftw btw. Title: Re: Imaginary Arbitration Post by: outragous76 on May 07, 2013, 04:04:15 PM Well I was obv having to guess, but the principal remains. You can't win 125k if you blind out, you can if you take 50%
Title: Re: Imaginary Arbitration Post by: GreekStein on May 07, 2013, 04:15:06 PM Players are both stupid
Title: Re: Imaginary Arbitration Post by: Doobs on May 07, 2013, 04:16:51 PM Ignore the $850 that's booked and then the split is whatever Player A would want to buyin Player B into the tourney as a one off with no makeup. As Keith said, these type of deals are generally 70/30 in the backer's favour. 70/30 is in the region I have seen done before (70 original player, 30 to sub). 50/50 can't be right, the sub is taking too much advantage of a bad situation. Title: Re: Imaginary Arbitration Post by: GreekStein on May 07, 2013, 04:18:29 PM His internet is about to die because of a thunderstorm and due to the Tilt t&c's he gives his username/password to a friend who has railed for the last 30-60 minutes. Elaborate on this please. How does he KNOW the thunderstorm will cause his internet to die? Sorry I'm a pessimist but I always question this stuff because of how many shady people there are in poker and I wouldn't put it past a lot of people to get to this stage and then get a much better player to take over and convert the great position to a potentially very big score. Title: Re: Imaginary Arbitration Post by: Dubai on May 07, 2013, 04:19:32 PM If anyone is ever chip leader of a comp when already in the money and wants to give me 30% of any additional money to takeover please pm me lol
Title: Re: Imaginary Arbitration Post by: kinboshi on May 07, 2013, 04:19:36 PM Whatever split is decided, it needs to be agreed immediately - rather than waiting until the next day and the tournament has been played out.
Title: Re: Imaginary Arbitration Post by: pleno1 on May 07, 2013, 04:22:24 PM His internet is about to die because of a thunderstorm and due to the Tilt t&c's he gives his username/password to a friend who has railed for the last 30-60 minutes. Elaborate on this please. How does he KNOW the thunderstorm will cause his internet to die? Sorry I'm a pessimist but I always question this stuff because of how many shady people there are in poker and I wouldn't put it past a lot of people to get to this stage and then get a much better player to take over and convert the great position to a potentially very big score. The situation was. 1) I was grinding first night in Hungary 2) There was thunder/lightening storms outside going absolutely crazy 3) Somebody volunteered to take over/I agreed said I wanted them to 4) I told them it could go off any second now and didnt have the time to discuss a deal and we would "sort it tomorrow" 5) We emailed full tilt explaining the situation 6) Internet never went off and I continued playing until I busted Why does these things need to be sorted immediately? I trusted him (obviously) he trusted me, we would get somebody to arbitrate and not make a stupid decision in the heat of the moment. Why would both players be stupid? Title: Re: Imaginary Arbitration Post by: Simon Galloway on May 07, 2013, 04:26:57 PM Because both players could make a better decision.
Having $50k swinging around tends to have a habit of making people disagree the following day. Just sort everything in advance. It is sooooooooo much easier than after crystalising a $ amount. Title: Re: Imaginary Arbitration Post by: Dubai on May 07, 2013, 04:28:32 PM Second player just always gets a "drink" for his efforts. Depending on how much he wins etc. Never needs to be a set %, and as I said il play any comp for anyone who is chip leader in the money for 30% of additional winnings. That's just madness
Title: Re: Imaginary Arbitration Post by: George2Loose on May 07, 2013, 04:31:32 PM Where did he imaginarily finish?
Title: Re: Imaginary Arbitration Post by: pleno1 on May 07, 2013, 04:33:12 PM Second player just always gets a "drink" for his efforts. Depending on how much he wins etc. Never needs to be a set %, and as I said il play any comp for anyone who is chip leader in the money for 30% of additional winnings. That's just madness Thats kind of why I didn't want to say, Ok mate got potentially 1 minute, lets just do 50/50 or something like that and making a v bad decision whilst tired/tilted. Title: Re: Imaginary Arbitration Post by: GreekStein on May 07, 2013, 05:16:19 PM Why does these things need to be sorted immediately? I trusted him (obviously) he trusted me, we would get somebody to arbitrate and not make a stupid decision in the heat of the moment. Because things change when a 5% difference means $5k or $10k. At the time he and you make think 70/30 is fair. After you cash for $200k USD and haven't agreed something, it just gets super awkward. If you'd only had enough time to give details and explain the situation and it suddenly cut out fair enough but sounds like you didn't which is just opening things up to potential problems that are soooooo easily avoided. Just simply then discuss a cut briefly. Title: Re: Imaginary Arbitration Post by: mulhuzz on May 07, 2013, 05:55:42 PM Why does these things need to be sorted immediately? I trusted him (obviously) he trusted me, we would get somebody to arbitrate and not make a stupid decision in the heat of the moment. Because things change when a 5% difference means $5k or $10k. At the time he and you make think 70/30 is fair. After you cash for $200k USD and haven't agreed something, it just gets super awkward. If you'd only had enough time to give details and explain the situation and it suddenly cut out fair enough but sounds like you didn't which is just opening things up to potential problems that are soooooo easily avoided. Just simply then discuss a cut briefly. this pretty much. peopel overestimate their ability to 'work it out in the morning' with $2k pp swings. Title: Re: Imaginary Arbitration Post by: outragous76 on May 07, 2013, 06:00:42 PM and the fact that you have a range of a beer/meal to 50% shows how silly you would have been to leave it till morning
Title: Re: Imaginary Arbitration Post by: rfgqqabc on May 07, 2013, 08:17:47 PM Depends on the $$$ I would do it for free if a mate asked but deep down if you shipped 250k and hes doesn't give you a heap then I'd be a bit pissed. I think giving a base line is right, where you say between 20-50 on cashes over $1000 and go from there. Or say 20-50 and we'll ask someone to arbitrate on 5k+
It does depend on life finances though, if you asked me to take over and I won 8x my roll it has to be different to someone else who might win whilst having played 10k worth of buyins that day. That feels a bit wrong now I have expressed it properly. Title: Re: Imaginary Arbitration Post by: Young_gun on May 07, 2013, 08:24:24 PM Did you say your internet didnt cut out so this is all in theory now or did they actually have to take over?
Depends how much they helped but 50/50 & 70/30 both seem too much when they may have just played a level. If you trust each other just say depends on where you finish ie. Min cash then a drink & any more a % which goes up the better they do or longer they play. Title: Re: Imaginary Arbitration Post by: theprawnidentity on May 07, 2013, 10:00:24 PM When I have done 100% 1 off buy ins for people before its been 80/20 for a min cash and then 70/30 for an agreed amount over that. As you would have already done a great deal of the work by now, it sounds to me like somewhere in the region of 10-15% over what you have already cashed for would be reasonable.
Title: Re: Imaginary Arbitration Post by: LonOhRay on May 07, 2013, 10:01:16 PM If the player subbing in asks for any % then lol, I would hope the player is a friend/trusted that you would repeat the favour if they ever needed it.
More like an hourly regardless of outcome and a bonus for how high they finish is more appropriate than a percentage as they are completely freerolling and just offering their time. |