Staking Package idea

[pleno1]

Hi, yesterday I sold a package for the WSOP on 2p2. Half way through writing the package I thought of an idea which could be really good for Vegas packages. The problem I have seen from members previously on this site and others is that

Pre Vegas - Yeah Im going out like a pro, going to grind all the time etc

During Vegas - Yeah I missed X event because I went out, Z event because of this and Y event because of that. Usually the events they miss are the events that are pretty meh to them but yield the biggest ROI, i.e the 1k wsop events, but they are there for the 5K or the main event thus charging a markup of 1.3 and selling out because people see a bunch of 1ks which are great value but in truth missing a lot of events. Ive been extremely put off stakin  because of this exact thing and first hand seeing people just not people "meh cba, bowlaments"-

I decided to sell for the following events

Jun 16th 5000 8 handed
Jun 18th 3000
Jun 21st 1500
Jun 22nd 1000
Jun 23rd 1500 ante
Jun 25th 5000
Jun 26th 1500 monster
Jun 28th 1500
Jun 29th 1000
Jun 30th 1500 mix max
July 1st 1500
July 2nd 1100 golden nugget
July 3rd 1111
July 5th 10000


at 1.285

I then added the following stipulation.

I am extremely motivated to play lot of tournaments I hate when people put up big schedules and end up just playing the more- attractive tournaments. Every tournament that I miss (except making a day 2 of tournament before I will take off 0.02 markup off the main event ie if I miss 5 event then the mu for the main event will change to 1.185 and I will refund that at the end too.


It incentivises people to grind a lot and stops lots of problems with packages.

What do you think about trying to push this into packages with say more than 5 tournaments?

[theprawnidentity]

Supposing you get ill at some point and end up spending 3/4 days in bed?

[rfgqqabc]

Or people rofling it off hungover. I like my horses to play when they feel able too, not because they lose out on markups. I think trusting the guy to be a proper professional is more important than this financial incentive. The guys who sell for all the 1ks then main and avoid the ones they dont want to play are really scummy. Individual markups are better for this reason.

[titaniumbean]

just dont back mugs? do your homework.


edit yeh I wouldn't want the markup for main and some 1ks similar nor would I be interested in buying pieces of people who think they are going on holiday or are out there to party. I specifically pointed out when selling my first package for vegas that I would be taking it seriously and not be there for anything other than work, I ended up going out 2 nights in roughly 30 for anything more than dinner. Really wouldn't be interested in buying a piece of someone who was trying to get the best of both worlds for themselves. Vegas is a huge opportunity each year but only if you treat it right.

[Graham C]

0.02 probably doesn't make a massive difference does it? 

[titaniumbean]

Supposing you get ill at some point and end up spending 3/4 days in bed?

ill from a massive pissup or ill from ridic air conditioning aids.

actual illness if fair, and a good decision to not play if you are not feeling your best, hungover and unable to concentrate is another reason not to play but also another reason to not buy pieces.

[rfgqqabc]

I think the guys you hear about who sell @1.3 and late reg are worse than people who skip.

[titaniumbean]

I think the guys you hear about who sell @1.3 and late reg are worse than people who skip.

ya clauses like late reg = no markup for that event would be nice.

[Doobs]

I think the guys you hear about who sell @1.3 and late reg are worse than people who skip.

ya clauses like late reg = no markup for that event would be nice.

Completely agree on this.  I have bought at a premium and noticed my horse entered at the end of level 4 with 20BBs or so.  It wasn't even a 1k donkament, think it was a 2.5k or 3k.  There can't be a huge amount of value in these tournaments in the first place, but most of it will be gone by level 4.  I really would rather people didn't play than did this.

If people take their seats 10 minutes late it is different obv.

[redarmi]

Or people rofling it off hungover. I like my horses to play when they feel able too, not because they lose out on markups. I think trusting the guy to be a proper professional is more important than this financial incentive. The guys who sell for all the 1ks then main and avoid the ones they dont want to play are really scummy. Individual markups are better for this reason.

Pretty much this.

[SuuPRlim]

Jun 16th 5000 8 handed
Jun 18th 3000
Jun 21st 1500
Jun 22nd 1000
Jun 23rd 1500 ante
Jun 25th 5000
Jun 26th 1500 monster
Jun 28th 1500
Jun 29th 1000
Jun 30th 1500 mix max
July 1st 1500
July 2nd 1100 golden nugget
July 3rd 1111
July 5th 10000

Don't sell action for the 1k's imo, 1500's maybe idk.

I know people like to sell packages etc so you dont have to tilt people by bricking everything they buy in and shipping a $1k for $600k in the middle but this is gambling, if you're a profitable bet with the mark-up then that's fine, even if they lose and others win they've still "made money"

It just makes no sense to sell 40% of yourself in the main at 1.28 (which is ofc losing you EV) and then having 60% of yourself in $1k's which you're more than comfortably rolled for (doing yourself out of EV) and then you're prolly over-selling (mark-up wise) for the $5k's which is doing the investor out of EV, I know it seems like it "balances it out" but it's either you're losing out or the investor is losing out. it's pretty silly. For morale as well, if you win one of these mega 1k's for $900k and you have to fork over $400,000 (£250,000/a house) when there was absolutely no need to you'll be very tilted.

Here's what I suggest you do;

Bundle the 3k's and the 5k's together (similar type of buyin or your bankroll and fairy similar in terms of field strength) and sell at an appropiate mark-up
Keep all your action in the 1k's and 1.5k's as the oppurtunity to swap action with others will doubtless arise, providing you have the liquid bankroll swapping with other +EV players will always be better in terms of EV than selling at even at 1.28
If you're having a particulally bad trip and are worried about the affect on your bankroll then put up threads on here, 2+2, or just ask people to sell last minute action in the 1k's and 1.5k's = if you're looking to last minute sell 30% of a 1k/1.5k you will sell it in about 25 minutes on here.

Retain 100% of your action in the main event and decide coming up to the event  how much you want to sell, if you're winning on the trip then you might feel like keeping 100% and swapping some out, you might play a satelite and win a seat and feel like gambling, and once again if needs be and you want to sell with a weeks notice you'll sell 50-60% (at a reasonable markup) in no time whatsoever.

[pleno1]

I think the guys you hear about who sell @1.3 and late reg are worse than people who skip.

ya clauses like late reg = no markup for that event would be nice.

Completely agree on this.  I have bought at a premium and noticed my horse entered at the end of level 4 with 20BBs or so.  It wasn't even a 1k donkament, think it was a 2.5k or 3k.  There can't be a huge amount of value in these tournaments in the first place, but most of it will be gone by level 4.  I really would rather people didn't play than did this.

If people take their seats 10 minutes late it is different obv.

the amount of english selling at 1.2 and higher and late regging last year was a joke.

[Pinchop73]

You don't need to White Knight the marketplace to protect the investors.

The investors will protect themselves.

[lucky_scrote]

Can you even get a hangover drinking bacardi breezers?

[mulhuzz]

Or people rofling it off hungover. I like my horses to play when they feel able too, not because they lose out on markups. I think trusting the guy to be a proper professional is more important than this financial incentive. The guys who sell for all the 1ks then main and avoid the ones they dont want to play are really scummy. Individual markups are better for this reason.

this.

You don't need to White Knight the marketplace to protect the investors.

The investors will protect themselves.

not sure this is true - obviously it's an issue and pleno is put off being an investor because of it. agree in general though that investors need to be more savvy about who they're backing.