Poker Staking thread - whats happening

[blueace]

Ive been noticing recently a lot of stake threads are not getting staked at all or not making their percentages. Used to be that it was like an early morning bakery over there. Are people fed up with punting? Is it bad value overall, with only the fairest prices and the best names get staked?......

[Amatay]

everyone is under it

[millidonk]

everyone is under it

[Woodsey]

I used to like a punt, but I won't pay premiums out of principle now, I don't think I've ever had a single return from all the stakes I've bought from memory, certainly nothing significant anything.

[EvilPie]

Is it bad value overall, with only the fairest prices and the best names get staked?......

I'm planning on putting up a staking thread in the next few days that will rip this statement to shreds.

[brookie]

I am also putting one up again soon  3 time off trying lol

[Magic817]

In my opinion it is a mix of people being under it and players selling at inflated mark ups (none of this is aimed at anyone in particular). It seems players without much of a track record say so in their OP and then say and this is why I am selling at 1.2 when they should be asking for 1.0 (and some of them being pleased if they get 1.0). For a while staking threads were getting sold out so quickly that everyone jumped on board and bought asap without actually thinking about whether it was a decent price. A lot of it boils down to players not reducing their expected ROI (in their opinion) for risk/variance factors. For an investment to be a reasonable one there should be a difference between the mark up and expected return. I can understand why players do it as they want to get the maximum possible but they shouldn't be surprised if they do not sell out. Some packages that haven't sold have just been down to poor OP's.

Having said all that I do think there are some good staking packages offered out there. But what do I know, might just boil down to everyone being under it!

 

[blueace]

Is it bad value overall, with only the fairest prices and the best names get staked?......

I'm planning on putting up a staking thread in the next few days that will rip this statement to shreds.

Love it; rest...

[aaron1867]

I only invest now and again and I use Theo from Dragon Den theory, invest in the person, then look at the proposal and always go by this.

But to put it blunty, lots of people on here are selling at silly mark ups, whilst some stakes are also generally expensive in general too.

[toddswain]

everyone is under it

[StuartHopkin]

Is it bad value overall, with only the fairest prices and the best names get staked?......

I'm planning on putting up a staking thread in the next few days that will rip this statement to shreds.

Love it; rest...

More to the point will I have time to put a Corona based charity raffle based staking thread up!!

[SuuPRlim]

everyone is under it

yup. no1 has annnnnnnnnnny money, so more people are selling and less people are buying.

I'm no economist but ....

[Simon Galloway]

Maybe the purple patch is over...

There are two levels of staking taking place simultaneously which clouds the issue to some extent.  And I'm going to try and go through this without naming names or giving actual examples just to keep this from being personal.

There are the group of forumites that think they are staking when in fact they are simply punting.  They are probably getting the worst of it when paying high markups, but paying 1.6 for someone (without dissecting their ability, the event, actual tax, "clown's tax" (i.e. a discount to factor in the likelihood the stakee does something stupid) but if they are taking 5% as a punt, I doubt it is any worse than walking into a bookies and betting 20 quid a race for an afternoon.  And obv I'm not breaking out the EV calcs to prove it.  Generally, where high markups have been paid, most of it is taken by guys taking small punts, backing mates, etc (even if they don't think they are) and the group of backers that do it somewhat fulltime are usually nowhere to be seen.  But I would never try and talk someone out of having a $100 crack at winning $5k+ regardless of whether it is a good spot or not.  Everyone likes to have action, to some degree, a chance of a nice sweat and a half-decent cop.

The backers that silently miss the auction/staking thread represent the other group.  Heavy duty or even full-time backers. They will take on spots where they believe to be +EV with acceptable variance to them and that is pretty much that.  Within that group, you will still see enough divergence of opinion to have disagreements and variance in price evaluations.

So the argument that "the market dictates" the right price doesn't completely hold true for me.  What is happening often in these threads is that there are enough punters to pretty much sell out most threads at most prices, within reason (and often beyond reason, imo)  It doesn't mean that we have arrived at a perfect price equilibrium, just that those seeking stakes are definitely getting the best of it at the moment due to the glut of punters that just want to get on.  A couple of binks will elongate the lifetime of this purple patch for stakees, but eventually, people will get bored of paying 1.6 on a regular basis.  That might take quite a long time to come about.

[SuuPRlim]

SImon Galloway in "knowing" shocker.

[mondatoo]

<3 Clown tax.