Swapping Percentages

[CrestOfaWave]

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

[AndrewT]

If you feel as though you need to draw up a contract with someone then I wouldn't do the swap.

[CrestOfaWave]

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.

[Ironside]

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

[Dingdell]

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?

[Wardonkey]

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.

[AndrewT]

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.

[The Camel]

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.

[CrestOfaWave]

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.

[action man]

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.

[CrestOfaWave]

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?