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Author Topic: Double Funk in the Players Championship  (Read 7579 times)
smashedagain
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« Reply #60 on: June 29, 2012, 11:53:14 PM »

Do you agree with Mike the Mouths tweet that if one of the business men win the one drop the poker world will be dead broke

yes
It made me see Dubai's side a bit more in the staking mark up debate too. Previously i had been 100% on letting the market decide but can see the affect on the economy with people knocking it in at 1.5 etc
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« Reply #61 on: June 30, 2012, 02:04:06 AM »

not sure why this has made you see lol didnt most people sell at face or 1.1?

Mercier sold at 1.1 (which has to be terrific value) I didn't hear of anyone selling at any higher than that.

Remember there is 11% rake so mericer at 1.1 you pay basically $110,00 for 10% which its neutral value would be $89k works out something like 1.23 or w/e which is actually still pretty decent I think - if you did buy $110,000 wirth of action as a US player you'd be able to write $11,000 off your tax which gives you about $3600 "rakeback" if you like, so I'm not surprised a lot of people have managed to raise the buy-in. It'll actually be a great tournament I think

Whereas the mouth has a decent point, of the 6 places likely to be paid with a prizepool of ~$42.8m after the rake it's actually quite unlikely that there won't be at least 4 pro's in the money places, obviously it depends who finishes where but I think the field will be split something like 70/30 pro/recreational money its going to be very difficult for the pro community to lose much of there investment, so I wouldn't worry. Most people, like myself for e.g have $0 invested in this tournament, I will ofc still be broke by the end of the summer, but won't be because of this tournament Cheesy
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« Reply #62 on: June 30, 2012, 09:29:11 AM »

Sorry to confuse. Did not mean selling for the one drop I meant in general. Before I just thought if guys could get it then why not let em charge it. Losing $14 mill out of the poker economy is obv bad when they are unlikely to re invest it by playing a load more or by backing and lending to other poker players. It made me think about Daves argument that if you are making bad investments at 1.5 etc you are going to lose money and eventually busto
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