Staking Resolution - The Bank Of Timex (w-interview)

[skolsuper]

If you think that what Timex is offering is a mistake and -ev for him, then you should looking to buy as much action from him as possible.

False.

[DungBeetle]

"the market will not adjust by players lowering mark-ups, I cant be bothered to point out why (id even go as far, in the long term to say the  exact opposite will happen)"

I think this is a really bad idea by Timex and even more so if people on here try to copy it.  But in the absence of any other factor I would say increased liquidity would result in greater price clarity and a more efficient market (even if it is effectively a derivative)?  If we take away the counterparty risk it should be similar to the CDS market operating off the back of the corporate bond market?

Would be interested to hear why you don't think the market would tighten.  You may be right, but my first instinct was the opposite.

[The Camel]

if it makes him some money whilst at the same time making people actually think about wtf numbers they put after the 1.  then surely it's a good thing?

don't get all the hate.



durrrrrrrr

I quite liked the geezer until I heard this interview.

Use of the word "scam" and "scammers" is clearly inappropriate.

Does he go to Sainsbury's and call them scammers because they sell a tin of Heinz beans for 10% more than Asda?

Also his keep all the fish for me and my mates is a horrible horrible attitude.

[bergeroo]

Scanned through his twitter page last night whilst finishing my session. Didn't look at all his offers but there is at least one which is for a package for the WSOP main selling at 1.3 that isn't even close to selling out yet. He came on and said he would sell for that at 1.29.

I think this is really quite shitty.

There is no market inefficiency here as this guy isn't even close to selling out yet as the package has only been online for one day. This intervention could cause this guy not to sell out and not to play the main. If Timex believes he is not good at poker, then I don't get how him not playing benefits 'the poker community' or anyone. It's just mean spirited to call someone out in this way. If he doesn't sell then he can react and adjust his price accordingly he doesn't need The Timex poker marketplace police force to help him do that.

[titaniumbean]

oh ffs come on

do you try and play vs fish or world stars?


those comments seem 'somewhat' tongue in cheek.



it quite clearly is a form of scamming/douschebaggery, when a seller does not know their real value, so rather than trying to be fair they just go at the highest possible markup that will just about sell out.

[MANTIS01]

Seems kinda weird why people give such a shit what another guy thinks he's worth. Don't think this dude is smart to risk his net worth proving somebody else is ambitious.

Good points by DungBeetle itt.

[TightEnd]

it quite clearly is a form of scamming/douschebaggery

I reckon it almost always isn't on here

Sometimes your langauge is really un-necessarily inflammatory Andrew.

[mondatoo]

oh ffs come on

do you try and play vs fish or world stars?


those comments seem 'somewhat' tongue in cheek.



it quite clearly is a form of scamming/douschebaggery, when a seller does not know their real value, so rather than trying to be fair they just go at the highest possible markup that will just about sell out.

I put a thread up as a noob asking for staking for a 1k at 50/50 when I probably wouldn't have been good value for the Big 11, does that make me a scammer ?

Extreme example due to the lolness of that situation but... moron yes, scammer most certainly not.

[The Camel]

IMO he's doing to it to humiliate the sellers.

Keys is sending my thread to him to do exactly the same I think.

No idea why Keys would do that, but he can please himself if it helps him to get his rocks off.

[dreenie]

I don't understand how it works in detail. But I really liked your interview Pleno. Heard you do one of your sessions for a cash game too, and feel you explain things really well, and just come across very clear in general.

[dreenie]

IMO he's doing to it to humiliate the sellers.

Keys is sending my thread to him to do exactly the same I think.

No idea why Keys would do that, but he can please himself if it helps him to get his rocks off.

Because of what you wrote in Bobafetts M/E thread last year. He's backed by Keys, who obv doesn't agree with what u said at the time.

[The Camel]

IMO he's doing to it to humiliate the sellers.

Keys is sending my thread to him to do exactly the same I think.

No idea why Keys would do that, but he can please himself if it helps him to get his rocks off.

Because of what you wrote in Bobafetts M/E thread last year. He's backed by Keys, who obv doesn't agree with what u said at the time.

Said I was wrong and took it back.

But w/e.

[titaniumbean]

it quite clearly is a form of scamming/douschebaggery

I reckon it almost always isn't on here

Sometimes your langauge is really un-necessarily inflammatory Andrew.

wait what


is bankoftimex specifically aimed at blonde?

it's not right, yet we have had tonnes of threads on here discussing markups, and at no point have I been negative towards people of character who are brassic and selling at a higher rate than they would normally if they weren't so short of cash.

yet there are still some utterly ridiculous markups going about, both on 2+2 here and that prolific buyer facebook.


just because someone didn't specifically go out to scam people, if through their own ignorance of a topic (of which they claim to know lots) they sell a highly unprofitable set of stakes then there is clearly something amiss. and it needs to be pointed out. especially when very often the buyer may have little or no clue what's happening.


I don't understand why on a more community based board people wouldn't be more determined to get towards fairer markups rather than constantly saying lolz buyer beware.

[TightEnd]

Andrew

Someone might be unsophisticated in the pricing they use

Someone might be over-optimistic or over-rate themselves

Someone might be going for the max

but to use the words "a form of scamming/douschebaggery"

is really unhelpful in my opinion

Its just hyperbole and lazy language rather than choosing something more appropriate.

[titaniumbean]

Andrew

Someone might be unsophisticated in the pricing they use

Someone might be over-optimistic

Someone might be going for the max

but to use the words "a form of scamming/douschebaggery"

is really unhelpful in my opinion

Its just hyperbole and lazy language rather than choosing something more appropriate.

I am not a words person. apologies.

would say first two lines ignorant, 3rd unethical?  better?