Round 2: LAPT Colombia main event auction

[Dubai]

and i assume dont have to do the full 25%?

[cambridgealex]

No buyouts - this is for all the Billy bigtimes that are waltzing round the forum saying what terrible value this is - put your money where your mouth is. And no 1% chunks, 5% minimum.

On last years figures, 685 runners = prize pool of £1m, first prize I guess 200k? less tax = 160k, So your exposure is 8k per 5%. Could be more runners this year though.

[pokerfan]

Before or after tax ? 

[millidonk]

No buyouts - this is for all the Billy bigtimes that are waltzing round the forum saying what terrible value this is - put your money where your mouth is. And no 1% chunks, 5% minimum.

On last years figures, 685 runners = prize pool of £1m, first prize I guess 200k? less tax = 160k, So your exposure is 8k per 5%. Could be more runners this year though.

Not been waltzing around saying anything but I will take 1000% plz. Milligan84 on stars.

Edit: changed figure from 400% just incase anyone thought I was serious..

[cambridgealex]

No buyouts - this is for all the Billy bigtimes that are waltzing round the forum saying what terrible value this is - put your money where your mouth is. And no 1% chunks, 5% minimum.

On last years figures, 685 runners = prize pool of £1m, first prize I guess 200k? less tax = 160k, So your exposure is 8k per 5%. Could be more runners this year though.

Not been waltzing around saying anything but I will take 1000% plz. Milligan84 on stars.

Edit: changed figure from 400% just incase anyone thought I was serious..

I can't remember whether you said anything or not, will check your post history

If guilty, the 25% is all yours

edit: you're all clear sir

[Simon Galloway]

I'm not a billybigtime, nor did I say it was terrible value, although nor did I bid.

You are asking people to put their money where their mouth is, but my first thought was "but aren't you putting Neeko/Eso Kral/Stato1/RedSimon/Scotty77's money where your mouth is?"

Ofc once those guys have taken a piece, it is your money fair and square.  But charging markup on a slice and using that markup to then leverage a fairly chunky prop bet (in terms of liability to anyone that takes it) is not a bad way to take a spin.

[cambridgealex]

I'm not a billybigtime, nor did I say it was terrible value, although nor did I bid.

You are asking people to put their money where their mouth is, but my first thought was "but aren't you putting?"

Ofc once those guys have taken a piece, it is your money fair and square.  But charging markup on a slice and using that markup to then leverage a fairly chunky prop bet (in terms of liability to anyone that takes it) is not a bad way to take a spin.

I didn't "charge a markup", it was an auction and that's the price it went at. Some people said it was too high, terrible value etc, I disagree and want to back that up by putting my own money at risk at that markup. I'm guess I'm putting Neeko/Eso Kral/Stato1/RedSimon/Scotty77's money where my mouth is too, but it makes a stronger statement to put my own money up at the price they've paid, to show that I believe they've still got a good value investment out of this.

I see what you mean that my liability is only £600 whereas anyone taking the bet's liability is many thousands, but if 1.55 is bad value, then the bet is still +EV for anyone who wishes to take it.

[neeko]

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

[Eso Kral]

FWIW I am one of the stakers who is overpaying for Alex to swan off to Colombia but wanted it to be known that I am only SPINNING DOWN the money I gave to Alex before he went to vegas of which he kindly returned approx half and therefore had written it off a long time ago.   


If I was giving my hard earned my bid would have been 1.61  1.35



GLGL Alex and will ship the diff by stars later on

[scotty77]

£70 shipped via bank transfer thanks!

[cambridgealex]

Received from Scotty, Neeko and RedSimon. Eso Kral is in for £70 but I owe him £51 from Vegas staking, so that's £19 difference fella

Stato's is on the tab, I'll add it to the rent bill

[Eso Kral]

Received from Scotty, Neeko and RedSimon. Eso Kral is in for £70 but I owe him £51 from Vegas staking, so that's £19 difference fella

Stato's is on the tab, I'll add it to the rent bill

Sigh grimming me for a penny and you have not even flown yet 

[Rupert]

If you are willing to buy additional action at 1.55, why didn't you just take additional action at 1.0?

edit: oh to make a statement. Wouldn't be insecure about it there's always going to be haters. Looks like you have enough people that have faith in you don't see the problem.

[The Camel]

Buying 100% of yourself at 1.55 would be a pretty strong display of faith.

Offering to buy 25% at the rate you've sold, less so

[Dubai]

Quite like the passion he shows anyway- obviously his horse shipped a tourny and he had a few drinks before posting but still like it. Not sure I wanna antifunk 10% to lose 16 bags tho to get a tiny bit of value by crossbooking what's probably a small profitable bet for me with the 20% tax deduction AFTER the 1.55, so equivalent of 1.94