Marks-ups getting out of hand

[aaron1867]

All I am seeing these days is people selling action on poker forums & Facebook, some of the "mark-ups" are absolutely absurd

I'm not going to name names, but I've just seen one on Facebook for a player who has no huge online cashes but selling at 1.3, someone else did one on another forum for 1.2 with no huge cashes (he decided to lower this is the end). I could go on and on about people and these silly mark ups.

I would also say are people round up these numbers? Why not sell at a rate you think is fair, rather than trying to round it upto the nearest hundred?

Can people genuinely sell at 1.3 for Stars? 1.2 for UKIPT?

Not ot mention there are a handful of people who are trying to 'mask' the numbers, because they know some people are too stupid to realise.

[tikay]

I think players can ask whatever they want, some of them are value, but the buyer can decide, surely? Nobody is forced to buy.

Market forces & all that.

[lucky_scrote]

I think discussion and threads over the past 12-18 months have helped lower mark-ups considerably.

Your post won't fall on deaf ears Aaron, but there isn't all that much to discuss any more.

Some people still buy at atrocious rates, but I just think that's up to them.

[wazz]

Imo people should be allowed to ask for what they want and other people should be allowed to say 'you aren't worth any markup at all let alone the absurd amount you're charging'

[mondatoo]

Discussion was had not long ago.

http://blondepoker.com/forum/index.php?topic=61373.0

Agree the discussion has helped educate; been worthwhile.

But doesn't need rinse repeated every 6-9 months.

[arbboy]

Someone asked me if they could buy me into a three figure buy in event 2 years ago in a casino the night before the event whilst i was sat playing cash with them.  I knew him only from playing cash infrequently with him at that casino.  They had won a reasonable amount of cash that night playing cash and on blackjack and were clearly in the mood to gamble.  His exact words were without any prompting from me at the cash table 'Can i buy you in for the event tomorrow and we split any cashes 50/50?'  I was planning on playing the event anyway but obviously accepted the guy's generous offer which he was 100% happy offering without me saying a word.  Did he notice he was selling at 2.0?  I doubt it.  Did he care? I doubt it.

Were the buyer and seller both happy with the deal?  Yes.  Hence business was struck.

[TightEnd]

its good for buyers on here. sophisticated buying audience, much lower incidence of the kind of mark ups that were referred to in OP

on facebook/social media in some cases the audience is a lot less clued up, probably behind the evolution of some staking boards..funnily enough you see bigger facebook staking volume now compared to 9 months ago, less on here

but market forces, things take their own course as we saw on here.

[aaron1867]

Discussion was had not long ago.

http://blondepoker.com/forum/index.php?topic=61373.0

Agree the discussion has helped educate; been worthwhile.

But doesn't need rinse repeated every 6-9 months.

We knew David Moyes was doing a bad job at Man Utd, but every media outlet still repeated themselves!

What are people's morals like these days though? Like I mentioned in the OP, there are people that are trying to mask the numbers because they know they can do it. The people who will try and take as much of returns as possible because of 'costs'.

I know this thread is repeating another thread and the previous one had a high amount of pages, but repeating the topic is there just so people know that others are taking notice.

It does genuinely frustrate me to see people trying to rip others off, through different avenues.

[tikay]

Discussion was had not long ago.

http://blondepoker.com/forum/index.php?topic=61373.0

Agree the discussion has helped educate; been worthwhile.

But doesn't need rinse repeated every 6-9 months.

We knew David Moyes was doing a bad job at Man Utd, but every media outlet still repeated themselves!

What are people's morals like these days though? Like I mentioned in the OP, there are people that are trying to mask the numbers because they know they can do it. The people who will try and take as much of returns as possible because of 'costs'.

I know this thread is repeating another thread and the previous one had a high amount of pages, but repeating the topic is there just so people know that others are taking notice.

It does genuinely frustrate me to see people trying to rip others off, through different avenues.

We don't know that - like the "Mark-Up" debate, it's entirely subjective.

[Boba Fett]

I think markup is fine as long as people promise to hang around and post on the forum for a few months afterwards

[AndrewT]

All I am seeing these days is people selling action on poker forums & Facebook, some of the "mark-ups" are absolutely absurd

If Tikay can sell his WSOP schedule at 1.0 then good luck to him - it's not for us to judge.

[tikay]

All I am seeing these days is people selling action on poker forums & Facebook, some of the "mark-ups" are absolutely absurd

If Tikay can sell his WSOP schedule at 1.0 then good luck to him - it's not for us to judge.

FML.

I'll have you know that Channing regularly offers to buy my action @ 0.4.

[lucky_scrote]

All I am seeing these days is people selling action on poker forums & Facebook, some of the "mark-ups" are absolutely absurd

If Tikay can sell his WSOP schedule at 1.0 then good luck to him - it's not for us to judge.

FML.

I'll have you know that Channing regularly offers to buy my action @ 0.4.

Prepared to gazump Mr Channing

[theprawnidentity]

I just finished reading the 1.3-gate saga.  This is a subject that seems to reoccur and I think people's displeasure at these types of mark ups come down to the following:

My main issue with facebook staking is the fact that it's that is pitched to a wider audience who don't really understand what they're buying.  It's seems like there is a lot of deception (vague or none existent posting of mark ups, no results posted, filtered results posted or little or no sample sizes).  These people should absolutely be allowed to sell but in a market that isn't regulated at all it has to be someone's responsibility to make sure that innocent people are not been taken advantage of.

Some people believe they are making a profitable financial investment because of misleading posts and claims from certain people.  It has to be the responsibility of someone to speak up when  they feel this happens.  Claims of 'it's a deal between whoever is selling and buying and no one else needs to get involved' are complete bollocks.  Some people don't realise / understand what they're buying.

On the other hand, if people are selling at no MU (or 0.4 in tikays case) and saying they need to sell because they cannot afford it and does anyone want a spin then GL to them and the people who buy, I've even bought these packages myself in the past and had some fun sweats from them.  As soon as you start to charge MU though I think the proposition changes and people should be allowed to challenge and ask questions, at the end of the day you're selling an investment to uniformed people who may believe they are buying something they're not.

I think it's right that people are allowed to challenge MUs and these threads and debates can only help the market overall.

[aaron1867]

Nice post Tom, you've worded it better than me

But where do you go in a situation like this which I saw last year:


John makes the ISPT at Wembley by satting in, but only makes a stack which is less than starting stack, 32,000 when average stack is going to be 50,000.

John is an OK player, only a local player in Sheffield.

He's got a 32,000 stack which will be a short stack & is hardly one of the best players in the tournament.

He posts that he is x amount of BB's, but doesn't let people know it's a short stack.

He sells at 1.15.

He gets plenty of action.