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

[skolsuper]

Without wanting to put words in Timex's mouth, I think he thinks there has been a tectonic shift in the ROIs of players in the years since these markups were hammered out and generally accepted. At the same time, the actual markups have drifted the other way (upwards) because of the nature of tournament variance and selection/survivorship bias among other things. Because of that he thinks he's spotted a money making opportunity and is willing back his opinion with his money, and fair play to him imo.

Re: tighty's point about his possibly taking advantage of blonde, he has already had his "bank of timex" rejected from the 2p2 marketplace but is running the whole thing from twitter so I don't see that there's much that you can do tbh. Besides, I don't see how it is going to have a net-negative affect on blonde, if it affects it at all. Some people selling will lose out a little, but those that would've bought will be winners, net effect >=0 for the community imo.

Do you whole heartily buy pieces in players who you think justify there mark up, or at times is it because you like them as a person?

If X player was awesome and had good results to back it up and were selling at a reasonable price, but u didn't like them would you buy?

What if player Y was not as good, hadn't had nearly as many results as player X, and mark up was a bit over-priced, but you liked them a lot, would u buy then?

Think the Blonde staking boards stands for a much more 'community spirit' than 2+2 etc, and I think a lot of people buy for the sake of trying to help out fellow players rather than 'great investment'.

The reasons why I ask about the liking or non liking of certain players, is because I feel so many people on here won't name names, as to 'keep in with the crowd'. They don't want to upset the wrong person, because in poker you never know when it's your time to fall and how much u might need them people in the future, so best not to burn those bridges with your outspoken opinions.

But that's just my opinion.

I can only remember ever buying pieces that I thought were +EV, although possibly in February 2011 I set the bar a bit lower than I do now.

Thinking about it, this 'community' aspect of blonde is a major part of the reason prices are so out of whack.  In order to protect the community, sellers are kept off the boards until they have 300 posts, and people making 300 posts to get in are usually harangued by the community until they contribute properly.  This throttling of supply, while at the same time the 300 posts for buyers rule goes unenforced, forces prices upwards for as long as blonde has an active buying community. Eventually buyers will run out of money though, and an equilibrium with a much quieter staking board will be reached.  Is that what people want?  I don't think so, we want a repeat of the mondatoo monte carlo run or that 700 page Eso Kral thread that never died.  One possible solution is to increase supply, which, if we can't do it with more sellers, can be done by making available more of the people that do sell, which Timex is doing, albeit entirely for his own benefit.

Personally I agree with Dungbeetle and Doobs though, he isn't going to be adequately compensated for the risk he's taking.  It's a fun talking point though.  WP pleno

[skolsuper]

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.

Don't see what's humiliating about it. You sold $2500 worth of action for $3750, meaning people were willing to pay a $1250 premium for you to play poker with their money for 1-8 days. Unless Timex offers your action at <1.0, which I sincerely doubt he will do, he is going to admit a substantial skill edge on your part in a $10000 buyin poker tournament. If he sells any action, it means even more people agree that yes, you are skilled enough to warrant a substantial premium.

Also, he offered a 0.5% of profit finders fee.

Why would it upset me?

Because if Timex says I am worth 1.2 or whatever according to Andrew I am a "scammer" and a "douchbag"

Maybe I'm wrong, but I doubt James Dempsey would buy $1750 of my action at 1.5 and say "1.5 is low imo" for purely altruistic reasons.

Has he paid you yet?

[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.

Don't see what's humiliating about it. You sold $2500 worth of action for $3750, meaning people were willing to pay a $1250 premium for you to play poker with their money for 1-8 days. Unless Timex offers your action at <1.0, which I sincerely doubt he will do, he is going to admit a substantial skill edge on your part in a $10000 buyin poker tournament. If he sells any action, it means even more people agree that yes, you are skilled enough to warrant a substantial premium.

Also, he offered a 0.5% of profit finders fee.

Why would it upset me?

Because if Timex says I am worth 1.2 or whatever according to Andrew I am a "scammer" and a "douchbag"

Maybe I'm wrong, but I doubt James Dempsey would buy $1750 of my action at 1.5 and say "1.5 is low imo" for purely altruistic reasons.

Has he paid you yet?

What are you suggesting?

[TightEnd]

James, the 300 post rule for sellers (clumsy and arbitrary as it is) is to throttle a certain type of supply that is felt to have a bigger settlement/transaction risk than established members offers...ie flight risk, I suppose

I get the point though.

(the 300 post buyer rule is unenforceable as it essentially lies with those who offer stakes to police, and as they are getting money from that segment, why would they?)

[skolsuper]

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.

Don't see what's humiliating about it. You sold $2500 worth of action for $3750, meaning people were willing to pay a $1250 premium for you to play poker with their money for 1-8 days. Unless Timex offers your action at <1.0, which I sincerely doubt he will do, he is going to admit a substantial skill edge on your part in a $10000 buyin poker tournament. If he sells any action, it means even more people agree that yes, you are skilled enough to warrant a substantial premium.

Also, he offered a 0.5% of profit finders fee.

Why would it upset me?

Because if Timex says I am worth 1.2 or whatever according to Andrew I am a "scammer" and a "douchbag"

Maybe I'm wrong, but I doubt James Dempsey would buy $1750 of my action at 1.5 and say "1.5 is low imo" for purely altruistic reasons.

Has he paid you yet?

What are you suggesting?

nothing...

But we're in agreement that it's not me or Timex that's doing the humiliating, it's titbean? Oh and Timex a bit, but he's since said on twitter that "scammer" was the wrong word to use and he didn't mean it like that.

[Simon Galloway]

It's easy to call people out for being a fat cat on the staking boards.  They usually don't like it, believing it to stunt their action.  Cue the flame wars... and an invitation to lay them a piece.

Ofc, the winner of that bet won't get proven right or wrong, but it is easy for the seller to use their leverage and invite the whistle blower to put their money where their mouth is.

Only trouble is... laying $50k to win a tenner aint a lot of fun.

[mondatoo]

It's easy to call people out for being a fat cat on the staking boards.  They usually don't like it, believing it to stunt their action.  Cue the flame wars... and an invitation to lay them a piece.

Ofc, the winner of that bet won't get proven right or wrong, but it is easy for the seller to use their leverage and invite the whistle blower to put their money where their mouth is.

Only trouble is... laying $50k to win a tenner aint a lot of fun.

This is what makes it so awkward/pointless to get involved in this threads as nobody believes anyone is capable of given an unbiased opinion due to what's self-beneficial to them.

I've said it before and I'll say it again, anyone that wishes to ever post in any thread I put up feel free.

[skolsuper]

James, the 300 post rule for sellers (clumsy and arbitrary as it is) is to throttle a certain type of supply that is felt to have a bigger settlement/transaction risk than established members offers...ie flight risk, I suppose

I get the point though.

(the 300 post buyer rule is unenforceable as it essentially lies with those who offer stakes to police, and as they are getting money from that segment, why would they?)

It is the best of a number of imperfect options in my opinion too, was just pointing out some of the market distortion it causes and how that might be addressed by this new outside influence.

[FUN4FRASER]

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.

Is this not somewhat hypocritical, when previously you have sold WSOP and other action at between 1.1 and 1.25 - despite a long term losing record?

http://www.officialpokerrankings.com/pokerstars/beaneh/poker/statistics/A4A61AFD30F240698EE9F1401E8477D3.html?t=8

Fucking Ridiculous Comment as the data you supplied doesnt tell the whole story

Titanium made some very good points( be it in his style) but now for his efforts he gets you having a go

This is somebody who seldom asks for staking and yet is one of the biggest stakers on Blonde

Joke Post

[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.

Is this not somewhat hypocritical, when previously you have sold WSOP and other action at between 1.1 and 1.25 - despite a long term losing record?

http://www.officialpokerrankings.com/pokerstars/beaneh/poker/statistics/A4A61AFD30F240698EE9F1401E8477D3.html?t=8

<3

whilst people still have no understanding of sample size, variance/ how rois become big the idiocy will continue.


that is a very very good price for the STAKER for the main, I am certain of that.

I got alot of hassle from fellow pros who know my game and the poker economy wondering why I sold so low.  feel free to analyse those who have bought action in me and look at how many of those are making their living purely from poker esp as they weren't taking 0.5% pieces for friendship.


It's not like theres any variance in tournies, or if any number of pots had gone my way on a sunday that the account wouldn't be easily in the +'ve.  nor should anything be taken from the fact i've made my living from poker (specifically cash) for 5 years whilst at the same time running like a leper for every shot i've taken. well done not breaking it down to look at the different buyins/AFS and relative wrs.

I suppose you think rastafish is worth 2.8 in any dtd comp he plays right? he's the biggest money winner therefore he's the best amirite?




Obv most people wouldn't be able to respond to criticism like this (Ie direct and negative), when it's directly aimed at them and would potentially be reticent to post in the future, that is good, that is good for the market place and will make it more healthy. I am not against people questioning me/my markups, it just needs to become the standard thing to do, so that people actually take a moment before they post, rather than well if it sells at 1.5 it sells if not i'll try and flog it to some numpties elsewhere at 1.4.

[scotty77]

Beaneh could prob put up a main thread at 1.5 and sell out in minutes.  Get it done Andy

[skolsuper]

Sorry titbean but you got owned there.  jjandellis wins by TKO

[titaniumbean]

Sorry titbean but you got owned there.  jjandellis wins by TKO

cheek has tongue in


edit also you had 5% at 1.25 wtf were you thinking mug!? :p

[pleno1]

Spraggs selling on 2p2 at 1.35 v good established mtt player, kind of shows that 2p2 marketplace is actually not that bad.


http://forumserver.twoplustwo.com/184/staking-selling-shares-live/spraggs-wsop-main-event-shares-selling-50-a-1341210/

[skolsuper]

Spraggs selling on 2p2 at 1.35 v good established mtt player, kind of shows that 2p2 marketplace is actually not that bad.


http://forumserver.twoplustwo.com/184/staking-selling-shares-live/spraggs-wsop-main-event-shares-selling-50-a-1341210/

Eh? How's that?