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Vegas & The Aftermath - Diary
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Topic: Vegas & The Aftermath - Diary (Read 7881111 times)
tikay
Administrator
Hero Member
Online
Posts: I am a geek!!
Re: Vegas & The Aftermath - Diary
«
Reply #28080 on:
April 11, 2012, 10:27:21 AM »
Quote from: RED-DOG on April 11, 2012, 10:24:44 AM
Quote from: tikay on April 11, 2012, 10:22:23 AM
Quote from: EvilPie on April 11, 2012, 10:20:04 AM
Sorry if you weren't happy with my work Tikay. If it'll help me to maintain my position I'll sell you a piece of my action today.
I wasn't planning on selling but if it'll make you happy you can have a little piece to give you interest in all 3 days.
FFS, I'm being shafted both ends here!
PS - Yes please, & I hope you win the whole quarter of a mill, that'll teach you to mess with me. How much are you offering me, & can I abuse you mercilessly?
I think 10% of Matt's action is worth ~ £95
I don't recall appointing you as my negotiator or adviser.
Where is gatters when you need him? He argues about anything, he is even right now & then, he must be my man for this.
Logged
All details of the 2016 Vegas Staking Adventure can be found via this link -
http://bit.ly/1pdQZDY
(copyright Anthony James Kendall, 2016).
EvilPie
Hero Member
Offline
Posts: 14241
Re: Vegas & The Aftermath - Diary
«
Reply #28081 on:
April 11, 2012, 10:35:06 AM »
Quote from: tikay on April 11, 2012, 10:27:21 AM
Quote from: RED-DOG on April 11, 2012, 10:24:44 AM
Quote from: tikay on April 11, 2012, 10:22:23 AM
Quote from: EvilPie on April 11, 2012, 10:20:04 AM
Sorry if you weren't happy with my work Tikay. If it'll help me to maintain my position I'll sell you a piece of my action today.
I wasn't planning on selling but if it'll make you happy you can have a little piece to give you interest in all 3 days.
FFS, I'm being shafted both ends here!
PS - Yes please, & I hope you win the whole quarter of a mill, that'll teach you to mess with me. How much are you offering me, & can I abuse you mercilessly?
I think 10% of Matt's action is worth ~ £95
I don't recall appointing you as my negotiator or adviser.
Where is gatters when you need him? He argues about anything, he is even right now & then, he must be my man for this.
To be fair Tom just paid £55 for 10% of himself off of you.
That 10% only got you 7% which means the value of the share was £77/0.7 which is £110
If you were prepared to sell £110 worth for £55 then you've set the bar abnormally high at a mark up of 2.0
I'd feel a bit hard done to if you valued Tom more than me so I think the fairest thing is to sell at the same rate making 10% £154
I'll put it on the slate.
Logged
Motivational speeches at their best:
"Because thats what living is, the 6 inches in front of your face......" - Patrick Leonard - 10th May 2015
tikay
Administrator
Hero Member
Online
Posts: I am a geek!!
Re: Vegas & The Aftermath - Diary
«
Reply #28082 on:
April 11, 2012, 10:40:28 AM »
OK, OK, I got tag-teamed, so before I go busto, here's my final position.
PS - 10% booked, ty.
Click to see full-size image.
Logged
All details of the 2016 Vegas Staking Adventure can be found via this link -
http://bit.ly/1pdQZDY
(copyright Anthony James Kendall, 2016).
tikay
Administrator
Hero Member
Online
Posts: I am a geek!!
Re: Vegas & The Aftermath - Diary
«
Reply #28083 on:
April 11, 2012, 11:34:31 AM »
Quote from: tikay on April 11, 2012, 08:37:26 AM
Today, the monster £1 million UKIPT begins, at DTD, & I'm playing it - vicariously.
Work means I don't play so many Tourneys these days, & I'm shite anyway, but I still get my kicks from staking others when work gets in the way of burning my money by playing. I'm working this week, so UKIPT was never on my calendar, unfortunately.
So I went a bit silly on UKIPT, & set out to buy one whole entry, but in pieces of others, & it worked out pretty well in the end. Or it will if any of them cash.
My action is as follows....
cf - 10%
Eso Kral - 10% (plus the same in a £110 sidey).
Red - 25%
leethefish - 10%
Methuselah - 25%
AdamM, 10%
ACE2M 10%
On top of that, I have some private (off-forum) stakes in 4 different players, amounting to another 45% in total. Overspent, then.
ACE2M, sadly, has had to withdraw, so that cash comes back into the returns column.
Quite how I missed buying a piece of Camel I don't know - his thread coincided with my absence from blonde because of business pressure elsewhere, bugger, but I wish him well, too. He has also sold action in the High Roller.
I've also been asked overnight to sell on part of one of my stakes, & I've asked the player if he minds - I don't think he will - so I might have got some cash back before it starts.
Quite important that, because, in accounting terms, when I buy action, I write down (write off) the investment to zero immediately. Any return then goes in the profit column, to balance against the loss column. So, I have a good few % back already. A weird way of looking at it, & probably wrong, but I like to do it in a businesslike fashion as to the accounting.
All "my" players play on Days 1b & 1c, though I'm not sure what day the horse shit sandwich will be on the menu.
Good luck to all of them. Please.
In a few days time, I'll either look very smart, or like one of these.....
Advertising pays. I think.
Been wheeler-dealing this morning, though I hasten to add at the request of others.
Have sold (returned to original owner) 10% of the Horse Shit Sandwich, and 12.5% (to Flushy) of Methuselah. So thats a few more bob in the "Returns" ledger.
Have purchased 10% of Ratt Mussell. Thats in the "Dead Loss" ledger.
Logged
All details of the 2016 Vegas Staking Adventure can be found via this link -
http://bit.ly/1pdQZDY
(copyright Anthony James Kendall, 2016).
tikay
Administrator
Hero Member
Online
Posts: I am a geek!!
Re: Vegas & The Aftermath - Diary
«
Reply #28084 on:
April 11, 2012, 12:51:45 PM »
Quote from: Big_D on April 07, 2012, 02:18:40 PM
Yo Gramps, quick question regarding Virgin Atlantic, when I went to check in at Hong Kong Central for my flight back to the UK we were told that Virgin had over sold seats in the Premium Economy block and were quite persistent in their request of asking us to down grade to economy with the promise of the difference in money being refunded and some flying miles thrown in.
I declined their offer and was very patient with them and after 20 minutes they agreed I could stay in Premium economy but wtf, If I wanted economy seats I would have requested for them in the first place, why do these companies over sell their seat allocation? is this the norm? As a newbie to flying I have no idea how they work but it is very frustrating when you are at check in and they make you feel guilty for not down grading and helping them out in their "hour of need".
I did say that I was more than happy to upgrade to Upper Class if it would help them out but that wasn't met with a favourable response
Told you not to trust Wooly Jumper!
See also.....
http://blondepoker.com/forum/index.php?topic=57386.0
But really, that’s a great question, Dyl, & apologies for the delay in replying.
To understand it, first we need to know how the business model of airlines works, & as a good rule of thumb, they measure something called “Passenger Load Factor” (“Load Factor” for short), see….
http://moneyterms.co.uk/plf-passenger-load-factor/
Put simply, an airline makes a loss if less than (an average of) x% of the seats are sold, & a profit if MORE than x% of the seats are sold. Crucially, every seat above break-even is almost 100% pure profit, which drops straight through to the bottom line.
Back in the 70’s & eighties, load factors of 40% & 50% were quite common, I flew in a transatlantic 747 Pan Am (now busto) which had less than 20 seats filled in both directions! That has all changed now, partly because of code-sharing, where allied airlines “share” some flights, enabling better capacity utilisation.
A few examples are here…..
http://www.reuters.com/article/2011/09/06/canada-airlines-idUSN1E7850CA20110906
Airlines such as everyone’s favourite, Ryanair, have different %’s at which they become profitable. A lean, fit, super-efficient business like Ryanair can cope with lower load factors. (78% in March, I believe).
The relevance of all this to your question comes when flights are fully booked, 100%, or nearly so. Experience says that up to 10% (on average) of booked passengers are ”no shows”, (in many cases because of missed connections on the same airline) & here lies the rub.
With the need for any business to maximise & increase profits – an absolute legal obligation, by the way – they sussed that they could actually sell some or all of these “spare” seats. And they do. It’s a very useful income stream & profit centre for them.
However, if they sell 110% of the seats on a flight, & only 5% of the original passengers are no shows, they have a problem - & that is when passengers get “bumped”.
It has never happened to me, & I’d be well-miffed if I did. I hope I’d retain a semblance of dignity & not get all shouty-wouty – that solves nothing, & is counter-productive imo – but I’d be pretty cross, for sure. Who would not be?
Click to see full-size image.
Logged
All details of the 2016 Vegas Staking Adventure can be found via this link -
http://bit.ly/1pdQZDY
(copyright Anthony James Kendall, 2016).
RED-DOG
International Lover World Wide Playboy
Global Moderator
Hero Member
Offline
Posts: 47395
Re: Vegas & The Aftermath - Diary
«
Reply #28085 on:
April 11, 2012, 01:19:38 PM »
You're doing it again...
Logged
The older I get, the better I was.
Simon Galloway
Hero Member
Offline
Posts: 4167
Re: Vegas & The Aftermath - Diary
«
Reply #28086 on:
April 11, 2012, 01:24:07 PM »
For young poker players, retired old scrotes and "others" inbetween, getting bumped is an absolute pleasure and a reasonably profitable experience.
Walking into McCarran I got 'jumped on' by ground staff offering me a free return ticket to anywhere (except Oz) + taxi back to strip + hotel + f&b to 'volunteer' to stay in town an extra day. I declined on that particular occasion due to other unmovable commitments, but otherwise I would have leant on them a bit harder to see what I could squeeze them for. I suspect when out of earshot, they would have thrown something else in to clinch it.
Logged
https://www.rocketmiles.com/refer/SIMONGALLOWAY22
mondatoo
Hero Member
Offline
Posts: 22503
Re: Vegas & The Aftermath - Diary
«
Reply #28087 on:
April 11, 2012, 02:40:22 PM »
Quote from: tikay on April 11, 2012, 08:37:26 AM
Today, the monster £1 million UKIPT begins, at DTD, & I'm playing it - vicariously.
Work means I don't play so many Tourneys these days, & I'm shite anyway, but I still get my kicks from staking others when work gets in the way of burning my money by playing. I'm working this week, so UKIPT was never on my calendar, unfortunately.
So I went a bit silly on UKIPT, & set out to buy one whole entry, but in pieces of others, & it worked out pretty well in the end. Or it will if any of them cash.
My action is as follows....
cf - 10%
Eso Kral - 10% (plus the same in a £110 sidey).
Red - 25%
leethefish - 10%
Methuselah - 25%
AdamM, 10%
ACE2M 10%
On top of that, I have some private (off-forum) stakes in 4 different players, amounting to another 45% in total. Overspent, then.
ACE2M, sadly, has had to withdraw, so that cash comes back into the returns column.
Quite how I missed buying a piece of Camel I don't know - his thread coincided with my absence from blonde because of business pressure elsewhere, bugger, but I wish him well, too. He has also sold action in the High Roller.
I've also been asked overnight to sell on part of one of my stakes, & I've asked the player if he minds - I don't think he will - so I might have got some cash back before it starts.
Quite important that, because, in accounting terms, when I buy action, I write down (write off) the investment to zero immediately. Any return then goes in the profit column, to balance against the loss column. So, I have a good few % back already. A weird way of looking at it, & probably wrong, but I like to do it in a businesslike fashion as to the accounting.
All "my" players play on Days 1b & 1c, though I'm not sure what day the horse shit sandwich will be on the menu.
Good luck to all of them. Please.
In a few days time, I'll either look very smart, or like one of these.....
Wiiiiiiiiiiiiiiiiiii, I don't have to pay you when I get the lot then
Logged
Big_D
Sr. Member
Offline
Posts: 773
Re: Vegas & The Aftermath - Diary
«
Reply #28088 on:
April 11, 2012, 07:51:38 PM »
Quote from: tikay on April 11, 2012, 12:51:45 PM
Quote from: Big_D on April 07, 2012, 02:18:40 PM
Yo Gramps, quick question regarding Virgin Atlantic, when I went to check in at Hong Kong Central for my flight back to the UK we were told that Virgin had over sold seats in the Premium Economy block and were quite persistent in their request of asking us to down grade to economy with the promise of the difference in money being refunded and some flying miles thrown in.
I declined their offer and was very patient with them and after 20 minutes they agreed I could stay in Premium economy but wtf, If I wanted economy seats I would have requested for them in the first place, why do these companies over sell their seat allocation? is this the norm? As a newbie to flying I have no idea how they work but it is very frustrating when you are at check in and they make you feel guilty for not down grading and helping them out in their "hour of need".
I did say that I was more than happy to upgrade to Upper Class if it would help them out but that wasn't met with a favourable response
Told you not to trust Wooly Jumper!
See also.....
http://blondepoker.com/forum/index.php?topic=57386.0
But really, that’s a great question, Dyl, & apologies for the delay in replying.
To understand it, first we need to know how the business model of airlines works, & as a good rule of thumb, they measure something called “Passenger Load Factor” (“Load Factor” for short), see….
http://moneyterms.co.uk/plf-passenger-load-factor/
Put simply, an airline makes a loss if less than (an average of) x% of the seats are sold, & a profit if MORE than x% of the seats are sold. Crucially, every seat above break-even is almost 100% pure profit, which drops straight through to the bottom line.
Back in the 70’s & eighties, load factors of 40% & 50% were quite common, I flew in a transatlantic 747 Pan Am (now busto) which had less than 20 seats filled in both directions! That has all changed now, partly because of code-sharing, where allied airlines “share” some flights, enabling better capacity utilisation.
A few examples are here…..
http://www.reuters.com/article/2011/09/06/canada-airlines-idUSN1E7850CA20110906
Airlines such as everyone’s favourite, Ryanair, have different %’s at which they become profitable. A lean, fit, super-efficient business like Ryanair can cope with lower load factors. (78% in March, I believe).
The relevance of all this to your question comes when flights are fully booked, 100%, or nearly so. Experience says that up to 10% (on average) of booked passengers are ”no shows”, (in many cases because of missed connections on the same airline) & here lies the rub.
With the need for any business to maximise & increase profits – an absolute legal obligation, by the way – they sussed that they could actually sell some or all of these “spare” seats. And they do. It’s a very useful income stream & profit centre for them.
However, if they sell 110% of the seats on a flight, & only 5% of the original passengers are no shows, they have a problem - & that is when passengers get “bumped”.
It has never happened to me, & I’d be well-miffed if I did. I hope I’d retain a semblance of dignity & not get all shouty-wouty – that solves nothing, & is counter-productive imo – but I’d be pretty cross, for sure. Who would not be?
Click to see full-size image.
Wow, thanks for that response Gramps!
I will have a look at those links later on.
I didn't get all "shouty - wouty" but others did and it didn't work out to well for them as I saw them boarding the plane and sitting in economy. I was quite lucky as my cousin had some contacts within the Virgin Atlantic Hong Kong offices and due to the "bad" seat I had on the way out, they had arranged a aisle seat for my return journey and I showed the young lady at the check in desk the email I received from
and she processed my ticket right away.
If I was a regular flyer then I may have pushed for a load of air miles etc and down graded and I would probably have got more benefits as well but I am not a big fan of flying so don't expect to fly again to soon...unless I bag a Vegas seat next door ofc, only got one final to play so I should really pull my finger out...
Logged
Ship It!
Geo the Sarge
Hero Member
Offline
Posts: 5545
Re: Vegas & The Aftermath - Diary
«
Reply #28089 on:
April 11, 2012, 08:39:04 PM »
Quote from: tikay on December 20, 2011, 09:54:18 PM
Quote from: Geo the Sarge on December 20, 2011, 09:48:42 PM
Have a great time in what is one of the most beautiful part of these great Isles of ours.
Also worth a look. Keep an eye out for the "battlesleds" wtf where they thinking.
http://www.dogfacesoldiers.org/anzio/
Regards the shaving soldier, after 23 years of shaving most every day I still use a shaving brush and soap. Also have an original Crombie that must be 20-odd years old and looks as good as it did all those years ago although it is a blue tweed style effort
Take care
Geo
Thanks Geo, I'll save those photos for later, I hate to "rush" photos, it's like rushing a meal, it spoils it.
As to that part of Scotland, do you know if there are any animals or birds I might spot up there at this time of the year - seals, perhaps, eagles even? I'm gonna buy myself a proper camera after Xmas, too, posh job, I so want to be able to photograph wildlife.
And may I say, that walk you did - Jack, too - was one of THE great stories of 2011 on blonde, huge respect to you both.
Do you still wear those dreadful coloured jumpers these days? - you used to have a shocking pink one. I saw it as a sort of protest jumper.
Just finished packing in preparation of our drive down to DTD tomorrow night, pity you won't be there to see me add some colour:
Click to see full-size image.
Geo
Logged
When you get..........give. When you learn.......teach
EvilPie
Hero Member
Offline
Posts: 14241
Re: Vegas & The Aftermath - Diary
«
Reply #28090 on:
April 11, 2012, 10:24:16 PM »
Quote from: tikay on April 11, 2012, 11:34:31 AM
Have purchased 10% of Ratt Mussell. Thats in the "Dead Loss" ledger.
Solid read.
Logged
Motivational speeches at their best:
"Because thats what living is, the 6 inches in front of your face......" - Patrick Leonard - 10th May 2015
AndrewT
Global Moderator
Hero Member
Offline
Posts: 15483
Re: Vegas & The Aftermath - Diary
«
Reply #28091 on:
April 11, 2012, 10:44:32 PM »
Geo, are you planning on dressing like a different Teletubby on each day of the tourney?
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titaniumbean
Hero Member
Offline
Posts: 10018
Equity means nothing.
Re: Vegas & The Aftermath - Diary
«
Reply #28092 on:
April 11, 2012, 10:53:58 PM »
I've just noticed the matching socks
Logged
Geo the Sarge
Hero Member
Offline
Posts: 5545
Re: Vegas & The Aftermath - Diary
«
Reply #28093 on:
April 11, 2012, 10:58:51 PM »
Quote from: AndrewT on April 11, 2012, 10:44:32 PM
Geo, are you planning on dressing like a different Teletubby on each day of the tourney?
Eh Oh..........deffo
Geo
Logged
When you get..........give. When you learn.......teach
Machka
Sr. Member
Offline
Posts: 485
Re: Vegas & The Aftermath - Diary
«
Reply #28094 on:
April 12, 2012, 12:45:49 AM »
How many times have you seen players who play poker recreationally. You know, for fun, by their own choice, in their own time, as a hobby... Moan, start a leaving thread, insist the game is fixed, rigged against them, promise never to play again, only to find them playing the next day, then announce their return after they had been playing?
Rhetorical question I know.
The answer is too many.
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