Issues Arising from Staking

[DMorgan]

@Tighty, how would we go about getting something done about a feedback forum?

It seems like there is pretty much universal support for it. Do we put up a vote on both of the forums to get a firm answer?

[TightEnd]

Mods are considering a range of things at the moment. Hence some of my questions in here. When we are ready, we'll do stuff

[skolsuper]

Simon, as there are some market factors at work beyond simply "value"

Would you interfere with this process (can you interfere with it), in terms of price setting, or merely wait for the factors to disssipate and equilibrium prices move towards something more realistically equating to EV?

How about making links to tracking sites a part of the template and a requirement for posting a thread? It'd be pretty hard to ask for .5 markup with an opr that says -9%, even casual punters will see that something is up. It'd also save me asking for them and getting brutally flamed the times when I don't.

Also, the prices would reach an equilibrium much more quickly if there were some downward pressure, for example if someone thinks a price is out of whack and a hugely -EV proposition, they could undercut the seller, e.g. "you could have 1% of Alex's Columbia LAPT winnings with me at 1.5", then that would create extra supply, reducing the price, as well as sending a pretty strong signal that some people believe the price is getting out of line. Of course, that would require people to actually back up their opinions rather than just shouting about them so I can't see it happening any time soon.

[Simon Galloway]

It is a nice idea James and if there was somehow (will think about it later) a way of smoothing things out then I'd like to see it and would dabble in it.  If you look at a graph of option premiums across any given expiration date by strike price (perhaps not the best analogy but I'm sleepy)... as you go deep out of the money, a skew happens where the option sellers ask for a massive additional % premium. 

In other words, no-one really wants to lay £1k to win a £1.

[millidonk]

Said it before, just have a standerdised template with headings such as below which must be filled out else thread is removed.

Associated names:
Event details:
Why want staking:
What % for sale:
Any Markup;
Reason for markup:
Hendonmob:
Links to Sharkscope/opr etc:
Character reference:
Preferred payment method:

Etc.

I struggle to see any legitimate downside to making something like this compulsory.

[cambridgealex]

Said it before, just have a standerdised template with headings such as below which must be filled out else thread is removed.

Associated names:
Event details:
Why want staking:
What % for sale:
Any Markup;
Reason for markup:
Hendonmob:
Links to Sharkscope/opr etc:
Character reference:
Preferred payment method:

Etc.

I struggle to see any legitimate downside to making something like this compulsory.

Agree, why not?

[pleno1]

Said it before, just have a standerdised template with headings such as below which must be filled out else thread is removed.

Associated names:
Event details:
Why want staking:
What % for sale:
Any Markup;
Reason for markup:
Hendonmob:
Links to Sharkscope/opr etc:
Character reference:
Preferred payment method:

Etc.

I struggle to see any legitimate downside to making something like this compulsory.

yeh always went for this. try to follow it in my staking posts.

also picture maybe? lots of people i know are scummy, but dont know their names. angleshot or something.

[EvilPie]

If I had to go through all this bullshit there's no way I'd ever do a staking thread again.

Mine are usually along the lines of:

"Can I have some money please. I probably won't win but I'll get really pissed trying".

I've always sold out because people know me. Why do I suddenly need to include all that other crap just to be allowed to use the board?

[George2Loose]

If I had to go through all this bullshit there's no way I'd ever do a staking thread again.

Mine are usually along the lines of:

"Can I have some money please. I probably won't win but I'll get really pissed trying".

I've always sold out because people know me. Why do I suddenly need to include all that other crap just to be allowed to use the board?

Everyone should use matts template imo

[MANTIS01]

Problems associated with the staking board like over pricing have arisen because there are many buyers looking to punt. Why don't Blonde think about reaping the commercial benefits of that situation themselves? Why not insist on a small piece of action as a fee for facilitating the market place and providing feedback and history? Looking for ways to become sustainable without being in the pocket of a sponsor is a good idea moving forwards. Members will be free to sell how they want but a little bit of the benefit of extra value created by Blonde will be distrubted back to the forum. Thus it will be enjoyed by all members thru updates and such rather than being enjoyed solely by the seller. Also the seller doesn't have to pay anything unless they profit from the stake.

[the rage]

I pretty much agree with Matt's take on the subject.
I think  having things like compulsory links and named referees is just over regulating and over complicating what, for many people, such as myself, is a pretty low level venture.
The people doing most of the bigger stakes are fairly high profile and as such the majority of potential investors know exactly where they stand.
When people start a staking thread, such as the one i recently started, potential investors are free to ask any questions and if they dont get a satisfactory answer they are free to walk away, as are any other people that read the thread. The same should apply to the larger, more high profile players.
 Having said that, i do think that if an issue arises after a staking, such as non payment, only partial payment, no communication etc. Then the person concerned should be asked, in the thread, to explain the situation and if satisfactory answers aren't forthcoming, then his / her staking rights should be removed until the matter is resolved.
 If someone is found to have carried out a blatant rip-off, such as selling 200% and deliberately losing, or just not playing and then spending the stakers money then they should be banned indefinitely, certainly at least until they have resolved the matter to the satisfactin of all of the stakers.
 As a newbie, posting and staking wise, i'm really not too fussed, but i just thought i would add feedback to the discussion.

[byronkincaid]

Problems associated with the staking board like over pricing have arisen because there are many buyers looking to punt. Why don't Blonde think about reaping the commercial benefits of that situation themselves? Why not insist on a small piece of action as a fee for facilitating the market place and providing feedback and history? Looking for ways to become sustainable without being in the pocket of a sponsor is a good idea moving forwards. Members will be free to sell how they want but a little bit of the benefit of extra value created by Blonde will be distrubted back to the forum. Thus it will be enjoyed by all members thru updates and such rather than being enjoyed solely by the seller. Also the seller doesn't have to pay anything unless they profit from the stake.

danger of blonde being liable when someone grims

[smashedagain]

Problems associated with the staking board like over pricing have arisen because there are many buyers looking to punt. Why don't Blonde think about reaping the commercial benefits of that situation themselves? Why not insist on a small piece of action as a fee for facilitating the market place and providing feedback and history? Looking for ways to become sustainable without being in the pocket of a sponsor is a good idea moving forwards. Members will be free to sell how they want but a little bit of the benefit of extra value created by Blonde will be distrubted back to the forum. Thus it will be enjoyed by all members thru updates and such rather than being enjoyed solely by the seller. Also the seller doesn't have to pay anything unless they profit from the stake.

And face a law suit from Alex ?

[millidonk]

Still haven't seen anyone post a legit reason not to use the template. Just because someone can't be bothered to take the time to pen a proper proposal doesn't really count in my eyes.

[Woodsey]

Still haven't seen anyone post a legit reason not to use the template. Just because someone can't be bothered to take the time to pen a proper proposal doesn't really count in my eyes.

Don't think you can make people do it mate, it should just be a suggested guideline rather than a must do imo.