Round 2: LAPT Colombia main event auction

[pleno1]

The whole thing is just comedy lol

Just because i may think its not Good value doesn't mean I want to start risking huge amounts to win absolutely nothing.

As has been mentioned if you'd had 100pc
Of yourself then cool but you're freerolling yourself from the action sold itt

Maybe lay-yourself.com could potentially have legs, not many people may want to give a % when buyin action but there are definitely many egotistical players happy to lay themselves could even auction or something simar for a good price lol

[titaniumbean]

The whole thing is just comedy lol

Just because i may think its not Good value doesn't mean I want to start risking huge amounts to win absolutely nothing.

As has been mentioned if you'd had 100pc
Of yourself then cool but you're freerolling yourself from the action sold itt

Maybe lay-yourself.com could potentially have legs, not many people may want to give a % when buyin action but there are definitely many egotistical players happy to lay themselves could even auction or something simar for a good price lol

hudge +1

[smashedagain]

Your investors are risking small beans to win big beans.
Billy big balls are risking small beans to lose big beans.
The Billy's have got big making shrewd investments hence liking to keep mark ups low. I like the idea of you calling em out tho.
I think one day you will defo be one of the billy big balls.

[Doobs]

Your investors are risking small beans to win big beans.
Billy big balls are risking small beans to lose big beans.
The Billy's have got big making shrewd investments hence liking to keep mark ups low. I like the idea of you calling em out tho.
I think one day you will defo be one of the billy big balls.

I heart herbie's proof reader.

[cambridgealex]

Not really sure where you're coming from with the £250 chunks, £5k exposure bit and all this buy-out clause/cancellation fee stuff.

It's a simple bet. 5% minimum bet = £116.65, 25% total for sale = £583.25 total. You say how much you want to buy, I transfer the money beforehand, and that means your liable to pay me x% of my gross cash amount in the tournament after tax.

I'm the one that has to trust you, since I'll pay the money upfront and will have to trust you to pay up if I bink, I know for sure that I'm not willing to do that with you as I don't know you well enough to put that sort of trust in you, and you told me to fuck off this morning for no reason (because you thought the post was specifically aimed at you?).

If you're talking about you transferring the maximum amount you're liable for to a neutral party then that could work.

Will lay 2.5% net of tax equivalent to your cash.  Not sure why you believe I need to expose myself to a possible 8k loss but meh. 

No need for the personal stuff.  Cheers

Because if I won, and after tax got £160k, if you had layed a 5% chunk, you'd have to pay 8k?

I don't understand what 2.5% net of tax equivalent means. I've said 5% minimum.

Why insist on 5% if you are so sure?  And why mouth off about people not willing to back up their views when I clearly am to the tune of 4k or whatever. 

Net of tax means the same anywhere.  Gross is wrong and leaves an ambiguity.  Net would be 2.5% of whatever you would pay to backers after tax.

Ok I just wasn't sure what that meant. Don't take this the wrong way but I need a vouch, I don't know you and have never met you so either escrow the 4k to somebody or get somebody like pleno to vouch and agree to pay up if you don't.

[tikay]

Not really sure where you're coming from with the £250 chunks, £5k exposure bit and all this buy-out clause/cancellation fee stuff.

It's a simple bet. 5% minimum bet = £116.65, 25% total for sale = £583.25 total. You say how much you want to buy, I transfer the money beforehand, and that means your liable to pay me x% of my gross cash amount in the tournament after tax.

I'm the one that has to trust you, since I'll pay the money upfront and will have to trust you to pay up if I bink, I know for sure that I'm not willing to do that with you as I don't know you well enough to put that sort of trust in you, and you told me to fuck off this morning for no reason (because you thought the post was specifically aimed at you?).

If you're talking about you transferring the maximum amount you're liable for to a neutral party then that could work.

Will lay 2.5% net of tax equivalent to your cash.  Not sure why you believe I need to expose myself to a possible 8k loss but meh. 

No need for the personal stuff.  Cheers

Because if I won, and after tax got £160k, if you had layed a 5% chunk, you'd have to pay 8k?

I don't understand what 2.5% net of tax equivalent means. I've said 5% minimum.

Why insist on 5% if you are so sure?  And why mouth off about people not willing to back up their views when I clearly am to the tune of 4k or whatever. 

Net of tax means the same anywhere.  Gross is wrong and leaves an ambiguity.  Net would be 2.5% of whatever you would pay to backers after tax.

Ok I just wasn't sure what that meant. Don't take this the wrong way but I need a vouch, I don't know you and have never met you so either escrow the 4k to somebody or get somebody like pleno to vouch and agree to pay up if you don't.

Morning Alex.

I'm studiously avoiding getting involved in all this palaver, because a) I don't understand it, b) I don't enjoy seeing all this sort of "bad blood" stuff, & c) I don't like to be sat on awkward fences between good friends, in this case, you & Doobsy.

However, you suggest that if "somebody like pleno can vouch....." (for Doobs)

If we can avoid using that comparision literally - I doubt a soul on earth would deem me to be "like Pleno", we are polar opposites in so many ways! - I would happily vouch for Doobsy.

He is an honourable man, eye-wateringly intelligent, well developed social skills, & I would judge him to be wholly trustworthy. Personally, I would have no problem doing business with him. I obviously don't know his net worth, but from what I know of him, £4k is very much within his means, he is a very successful professional man in business. I wont tell you his job, but I would guess he understands more than anyone on blonde what "risk" means, & the value of risk...... 

I'm less sure that I want to stand guarantee for £4,000, NOT because I distrust him, but because I'm not 100% convinced that everyone fully understands the bet, so the possibility of a dispute exists, (the goalposts have moved before in this particular matter due to very unusual circumstances) & I don't want to be responsible for £4k in the event of a dispute over the terms or resolution of the bet over which I have no control.

I would be happy to do so if we were, or are, simply talking about a bet over which there can be no dispute.

I would do the same for you, too, in both cases as to trust, & in neither case as to the possibility of a dispute here.

PS - Dooby & I HAVE conducted financial matters together, wholly on trust, & everything was settled up in a timely manner. In his case, he insisted on paying me cash up front.

[cambridgealex]

Ok that's good enough for me.

Ok so the terms of the bet are....

If he agrees, I'll send Doobs £58.33 (1% = £23.33 so 2.5% = £58.33) then I'll play the LAPT Colombia main event which starts on 8th or 9th of August. Doobs pays me 2.5% of my total cash amount net of taxes and exchange rate conversion back to £.

E.g I cash for £10m Colombian pesos. After tax = 8m. i convert this back to pounds to pay my backers here back, say I end up getting £3k for it. Doobs would owe me £3000x 0.025.

Is that last bit clear enough? Didn't know how to word it better.

[tikay]

Ok that's good enough for me.

Ok so the terms of the bet are....

If he agrees, I'll send Doobs £58.33 (1% = £23.33 so 2.5% = £58.33) then I'll play the LAPT Colombia main event which starts on 8th or 9th of August. Doobs pays me 2.5% of my total cash amount net of taxes and exchange rate conversion back to £.

E.g I cash for £10m Colombian pesos. After tax = 8m. i convert this back to pounds to pay my backers here back, say I end up getting £3k for it. Doobs would owe me £3000x 0.025.

Is that last bit clear enough? Didn't know how to word it better.

See enboldenment.

Nothing to do with me Alex, but in these sort of matters, accuracy is very important imo - so you may wish to remove that £ sign! Arguments & disputes don't happen if these things are clarified in advance, rather than after the fact, so to speak.

PS - Shall we have children & things? You know, you & me?

[cambridgealex]

Haha thanks Tikay

[tikay]

Haha thanks Tikay

Thats a "yes" to children?

[pleno1]

Not really sure where you're coming from with the £250 chunks, £5k exposure bit and all this buy-out clause/cancellation fee stuff.

It's a simple bet. 5% minimum bet = £116.65, 25% total for sale = £583.25 total. You say how much you want to buy, I transfer the money beforehand, and that means your liable to pay me x% of my gross cash amount in the tournament after tax.

I'm the one that has to trust you, since I'll pay the money upfront and will have to trust you to pay up if I bink, I know for sure that I'm not willing to do that with you as I don't know you well enough to put that sort of trust in you, and you told me to fuck off this morning for no reason (because you thought the post was specifically aimed at you?).

If you're talking about you transferring the maximum amount you're liable for to a neutral party then that could work.

Will lay 2.5% net of tax equivalent to your cash.  Not sure why you believe I need to expose myself to a possible 8k loss but meh. 

No need for the personal stuff.  Cheers

Because if I won, and after tax got £160k, if you had layed a 5% chunk, you'd have to pay 8k?

I don't understand what 2.5% net of tax equivalent means. I've said 5% minimum.

Why insist on 5% if you are so sure?  And why mouth off about people not willing to back up their views when I clearly am to the tune of 4k or whatever. 

Net of tax means the same anywhere.  Gross is wrong and leaves an ambiguity.  Net would be 2.5% of whatever you would pay to backers after tax.

Ok I just wasn't sure what that meant. Don't take this the wrong way but I need a vouch, I don't know you and have never met you so either escrow the 4k to somebody or get somebody like pleno to vouch and agree to pay up if you don't.

ya, il vouch and pay

[pleno1]

oops, just saw Tikay's post.

[Cf]

£46.60 sent to same details as before. Grimming you out of 6p as that was lucky with my last stake.

Be careful! We might end up with a feedback board Grimming isn't encouraged!

[Doobs]

Not really sure where you're coming from with the £250 chunks, £5k exposure bit and all this buy-out clause/cancellation fee stuff.

It's a simple bet. 5% minimum bet = £116.65, 25% total for sale = £583.25 total. You say how much you want to buy, I transfer the money beforehand, and that means your liable to pay me x% of my gross cash amount in the tournament after tax.

I'm the one that has to trust you, since I'll pay the money upfront and will have to trust you to pay up if I bink, I know for sure that I'm not willing to do that with you as I don't know you well enough to put that sort of trust in you, and you told me to fuck off this morning for no reason (because you thought the post was specifically aimed at you?).

If you're talking about you transferring the maximum amount you're liable for to a neutral party then that could work.

Will lay 2.5% net of tax equivalent to your cash.  Not sure why you believe I need to expose myself to a possible 8k loss but meh. 

No need for the personal stuff.  Cheers

Because if I won, and after tax got £160k, if you had layed a 5% chunk, you'd have to pay 8k?

I don't understand what 2.5% net of tax equivalent means. I've said 5% minimum.

Why insist on 5% if you are so sure?  And why mouth off about people not willing to back up their views when I clearly am to the tune of 4k or whatever. 

Net of tax means the same anywhere.  Gross is wrong and leaves an ambiguity.  Net would be 2.5% of whatever you would pay to backers after tax.

Ok I just wasn't sure what that meant. Don't take this the wrong way but I need a vouch, I don't know you and have never met you so either escrow the 4k to somebody or get somebody like pleno to vouch and agree to pay up if you don't.

ya, il vouch and pay

I am not sure people should be vouching to pay 4k on my behalf, it seems very genrous.  But thanks to both you and tikay for offering.  It is appreciated, and thanks to tikay for his very kind words.  I do expect that in the long term, starting a "vouching for gamblers" business would be the route to the poor house.  I expect I have a better credit record than the vast majority of people I have backed on here, so think you should be OK this time.

None of this means that I think that Alex hasn't got fantastic live tekkers and I could do without the stinking variance of this bet.  I think the real line is somewhere between 1.5 before tax and the price you sold, so not even sure I am getting enough reward for the voilatility I am taking.  

I just don't like people suggesting that I wouldn't be willing to back up my opinions with cash. Though the bankroll nit in me wouldn't let me go as far as 8k.

I think the bet looks clear enough now.

We can just sort it out after the tournament.  I will bank transfer soon as I see the result, and you can slate me on the fourm if I don't.  Send me some bank details after you have cashed and gl.

Doobs

[tikay]

Not really sure where you're coming from with the £250 chunks, £5k exposure bit and all this buy-out clause/cancellation fee stuff.

It's a simple bet. 5% minimum bet = £116.65, 25% total for sale = £583.25 total. You say how much you want to buy, I transfer the money beforehand, and that means your liable to pay me x% of my gross cash amount in the tournament after tax.

I'm the one that has to trust you, since I'll pay the money upfront and will have to trust you to pay up if I bink, I know for sure that I'm not willing to do that with you as I don't know you well enough to put that sort of trust in you, and you told me to fuck off this morning for no reason (because you thought the post was specifically aimed at you?).

If you're talking about you transferring the maximum amount you're liable for to a neutral party then that could work.

Will lay 2.5% net of tax equivalent to your cash.  Not sure why you believe I need to expose myself to a possible 8k loss but meh. 

No need for the personal stuff.  Cheers

Because if I won, and after tax got £160k, if you had layed a 5% chunk, you'd have to pay 8k?

I don't understand what 2.5% net of tax equivalent means. I've said 5% minimum.

Why insist on 5% if you are so sure?  And why mouth off about people not willing to back up their views when I clearly am to the tune of 4k or whatever. 

Net of tax means the same anywhere.  Gross is wrong and leaves an ambiguity.  Net would be 2.5% of whatever you would pay to backers after tax.

Ok I just wasn't sure what that meant. Don't take this the wrong way but I need a vouch, I don't know you and have never met you so either escrow the 4k to somebody or get somebody like pleno to vouch and agree to pay up if you don't.

ya, il vouch and pay

I am not sure people should be vouching to pay 4k on my behalf, it seems very genrous.  But thanks to both you and tikay for offering.  It is appreciated, and thanks to tikay for his very kind words.  I do expect that in the long term, starting a "vouching for gamblers" business would be the route to the poor house.  I expect I have a better credit record than the vast majority of people I have backed on here, so think you should be OK this time.

None of this means that I think that Alex hasn't got fantastic live tekkers and I could do without the stinking variance of this bet.  I think the real line is somewhere between 1.5 before tax and the price you sold, so not even sure I am getting enough reward for the voilatility I am taking.  

I just don't like people suggesting that I wouldn't be willing to back up my opinions with cash. Though the bankroll nit in me wouldn't let me go as far as 8k.

I think the bet looks clear enough now.

We can just sort it out after the tournament.  I will bank transfer soon as I see the result, and you can slate me on the fourm if I don't.  Send me some bank details after you have cashed and gl.

Doobs

Agreed 100% (enboldenment), but there are not many people I would do it for. In my personal judgement, & experience of you, you are AAA+.