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Monte Carlo Auction
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Topic: Monte Carlo Auction (Read 13376 times)
tikay
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Re: Monte Carlo Auction
«
Reply #60 on:
December 14, 2011, 10:47:36 AM »
Quote from: gatso on December 14, 2011, 10:43:32 AM
Quote from: sharplea on December 14, 2011, 10:41:05 AM
Quote from: pleno1 on December 14, 2011, 10:21:13 AM
1% at 1.5
no idea wtf is going on.
Surely for poker players it really isnt that complicated?
3 people decide they want a piece of James' action.
Player 1 is willing to buy 10% at 1.65.
Player 2 is willing to buy 30% at 1.25.
Player 3 is willing to buy 30% at 1.45.
They all make their bids on here and James closes the auction. James is selling 30%.
Player 1 made the highest bid (1.65) but didn't buy all the action. He gets the first 10%.
Player 3 made the second highest bid (1.45) and he bid for up to 30%. There is 20% left so he gets that at 1.45.
Player 2 made the lowest bid. He gets nothing.
James has sold his 30%, 10% at 1.65 and 20% at 1.45.
This format means that it is up to the buyer to set rates, not the seller. Stops arguments and people coming into thread saying "charging too much". Buyers pay what they are happy to pay and sellers sell out. Win-win, IMO.
nah, bit in bold is wrong. it's all sold @ 1.45
Yes - because he sells everything at the "strike price", as I understand it.
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T_Mar
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Re: Monte Carlo Auction
«
Reply #61 on:
December 14, 2011, 10:47:55 AM »
10% @ 1.4
«
Last Edit: December 14, 2011, 10:49:41 AM by T_Mar
»
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GreekStein
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Re: Monte Carlo Auction
«
Reply #62 on:
December 14, 2011, 10:50:53 AM »
So people willing to bid for the full 30% basically have all the power right?
If I bid for 29% at 2.0 and the highest bid for 30% was 1.5, james would sell at 1.5 right?
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T_Mar
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Re: Monte Carlo Auction
«
Reply #63 on:
December 14, 2011, 10:52:52 AM »
Quote from: GreekStein on December 14, 2011, 10:50:53 AM
So people willing to bid for the full 30% basically have all the power right?
If I bid for 29% at 2.0 and the highest bid for 30% was 1.5, james would sell at 1.5 right?
sigh play properly pls
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KarmaDope
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Re: Monte Carlo Auction
«
Reply #64 on:
December 14, 2011, 10:53:28 AM »
Quote from: GreekStein on December 14, 2011, 10:50:53 AM
So people willing to bid for the full 30% basically have all the power right?
If I bid for 29% at 2.0 and the highest bid for 30% was 1.5, james would sell at 1.5 right?
Not exactly, no.
If you bid for 29% at 2.0 and the
next
bid was 30% at 1.5, you would still get 29%, just at 1.5.
If you bid for 29% at 2.0 and Flushy bid rest at 1.8, you get 29% at 1.8.
Basically Keys takes all the bids and the top bids adding up to 30% gets the shares at the lowest bid of that 30%.
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gatso
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Let's go round again
Re: Monte Carlo Auction
«
Reply #65 on:
December 14, 2011, 10:57:19 AM »
http://en.wikipedia.org/wiki/Uniform_price_auction
this with 30 items up for grabs
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action man
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Re: Monte Carlo Auction
«
Reply #66 on:
December 14, 2011, 10:59:43 AM »
when the auction is finished can you delete the non winners from it please. Don't fancy seeing myself in red letters when you bink £80k tyty
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smashedagain
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if you are gonna kiss arse you have to do it right
Re: Monte Carlo Auction
«
Reply #67 on:
December 14, 2011, 11:02:04 AM »
James needs to clarify these points imo. this is getting very interesting and could change staking poker players for better or worse.
turning into a who loves James the most game too
put another bid in Trigg, have some balls
«
Last Edit: December 14, 2011, 11:33:57 AM by smashedagain
»
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millidonk
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I'm supposed to wear a shell.. I don't - SLUG LIFE
Re: Monte Carlo Auction
«
Reply #68 on:
December 14, 2011, 11:16:44 AM »
5% @ 1.5
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SuuPRlim
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Re: Monte Carlo Auction
«
Reply #69 on:
December 14, 2011, 11:17:53 AM »
14% at 1.35
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tikay
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Re: Monte Carlo Auction
«
Reply #70 on:
December 14, 2011, 11:49:18 AM »
30% @ 1.35
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MC
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Re: Monte Carlo Auction
«
Reply #71 on:
December 14, 2011, 12:14:47 PM »
Quote from: TightEnd on December 13, 2011, 06:23:52 PM
Very good idea, innovative
Good luck
http://blondepoker.com/forum/index.php?topic=42390.0
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skolsuper
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Re: Monte Carlo Auction
«
Reply #72 on:
December 14, 2011, 01:14:39 PM »
Quote from: smashedagain on December 14, 2011, 11:02:04 AM
James needs to clarify these points imo. this is getting very interesting and could change staking poker players for better or worse.
turning into a who loves James the most game too
put another bid in Trigg, have some balls
think dubai, gatso and sharplea are doing a pretty good job of clarifying everything for me tbh
and yeah it is, wiiiiiiiii
Have updated the OP to show the list as of this point, last winning bid was lildave at 1.35, [ ] WP tikay
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George2Loose
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Re: Monte Carlo Auction
«
Reply #73 on:
December 14, 2011, 01:18:33 PM »
Quote from: MC on December 14, 2011, 12:14:47 PM
Quote from: TightEnd on December 13, 2011, 06:23:52 PM
Very good idea, innovative
Good luck
http://blondepoker.com/forum/index.php?topic=42390.0
http://blondepoker.com/forum/index.php?topic=47409.15
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Ole Ole Ole Ole!
George2Loose
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Re: Monte Carlo Auction
«
Reply #74 on:
December 14, 2011, 01:22:17 PM »
And far too clever to be a poker player
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Ole Ole Ole Ole!
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