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Round 2: LAPT Colombia main event auction
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Topic: Round 2: LAPT Colombia main event auction (Read 24608 times)
Dubai
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Re: Round 2: LAPT Colombia main event auction
«
Reply #45 on:
July 30, 2012, 02:04:43 AM »
and i assume dont have to do the full 25%?
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cambridgealex
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Re: Round 2: LAPT Colombia main event auction
«
Reply #46 on:
July 30, 2012, 05:42:19 AM »
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.
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pokerfan
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Re: Round 2: LAPT Colombia main event auction
«
Reply #47 on:
July 30, 2012, 06:31:05 AM »
Before or after tax ?
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millidonk
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Re: Round 2: LAPT Colombia main event auction
«
Reply #48 on:
July 30, 2012, 07:05:47 AM »
Quote from: cambridgealex on July 30, 2012, 05:42:19 AM
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..
«
Last Edit: July 30, 2012, 07:34:46 AM by millidonk
»
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cambridgealex
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Re: Round 2: LAPT Colombia main event auction
«
Reply #49 on:
July 30, 2012, 08:09:12 AM »
Quote from: millidonk on July 30, 2012, 07:05:47 AM
Quote from: cambridgealex on July 30, 2012, 05:42:19 AM
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
«
Last Edit: July 30, 2012, 08:11:06 AM by cambridgealex
»
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Simon Galloway
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Re: Round 2: LAPT Colombia main event auction
«
Reply #50 on:
July 30, 2012, 09:10:38 AM »
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.
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cambridgealex
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Re: Round 2: LAPT Colombia main event auction
«
Reply #51 on:
July 30, 2012, 09:23:49 AM »
Quote from: Simon Galloway on July 30, 2012, 09:10:38 AM
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.
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neeko
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Re: Round 2: LAPT Colombia main event auction
«
Reply #52 on:
July 30, 2012, 09:34:04 AM »
£46.60 sent to same details as before. Grimming you out of 6p as that was lucky with my last stake.
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Eso Kral
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Re: Round 2: LAPT Colombia main event auction
«
Reply #53 on:
July 30, 2012, 10:06:12 AM »
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
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scotty77
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Re: Round 2: LAPT Colombia main event auction
«
Reply #54 on:
July 30, 2012, 10:57:57 AM »
£70 shipped via bank transfer thanks!
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cambridgealex
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Re: Round 2: LAPT Colombia main event auction
«
Reply #55 on:
July 30, 2012, 11:52:31 AM »
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
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Eso Kral
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Re: Round 2: LAPT Colombia main event auction
«
Reply #56 on:
July 30, 2012, 12:00:33 PM »
Quote from: cambridgealex on July 30, 2012, 11:52:31 AM
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
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Rupert
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Re: Round 2: LAPT Colombia main event auction
«
Reply #57 on:
July 30, 2012, 12:08:51 PM »
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.
«
Last Edit: July 30, 2012, 12:11:57 PM by Rupert
»
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The Camel
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Re: Round 2: LAPT Colombia main event auction
«
Reply #58 on:
July 30, 2012, 12:22:39 PM »
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
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Dubai
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Re: Round 2: LAPT Colombia main event auction
«
Reply #59 on:
July 30, 2012, 12:28:42 PM »
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
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