Marks-ups getting out of hand

[BorntoBubble]

But how much did he win?!?!?!?!?!?!

nada

[SuuPRlim]

The FB thread this is all in reference to was a total joke, I don't actually think the person did it with the intention of "misleading" anyone consciously, but I am 99% sure the ambiguous nature of the post was to hide the mark-up (even if it was sub-concious) because its blaringly obvious to people with an understanding on poker/poker tournaments that 1.3 cannot represent anywhere near good value* **

*no disrespect to his poker ability, but low-buy-in and small fields mean ROI's of 20-25% will be towards to top end for the best players in the field and for 1.3 to be a good deal he'd need to be starting somewhere near 50% which is unrealistic for these comps and I'm fairly sure the poster knows this too.

**I'm sure the poster is +EV in these comps.

I'd have liked to see the post start out with "Anyone wanna take a punt on me in these comps" and not all this "I usually sell out straight away" nonsense making it sound like its hot property. The post could have been an open, honest one and would have sold for sure, but all the smoke and mirrors make it seems very disingenuous which is why it caused controversy.

JUST IMO ofc.

[Junior Senior]

How exactly do prices get out of hand in a free market?

You assuming all investors are rational and have access to full information?  Once you move away from this prices can get out of line in any market?  I assume these people haven't got access to his sharkscope to be able to make any assessment at all of his plo8 skills.  Suppose you were somebody who had enough information to make a better judgement where is your incentive to reveal it?

At my local golf club, on our exchange and mart board, I once got offered an option to purchase a piece of genuine moon rock that was about the size of a golf ball. The person selling it was known to me, i wouldn't say he was a friend but we were networked through a shared interest - golf.  He did, as i understand it, through an uncle have strong connections to NASA and I was told it was an unbelievable investment at £5,000 and be certain to rise in value by several % per year.  Other people bought some. He had 6 or 7 pieces for sale and the stock was limited and you needed to be quick.  I couldn't prove whether it was great value, would go up in worth or was genuine as i didn't have access to all the full information at the time.  Neither me, nor anyone i knew was clued up on moon rock.  I didn't buy it, but instead invested in a classic car that was for sale at the same time on the same board for £4.5k that had all the service history, had been checked out by my cousin who is a car dealer and according to established market trends had seen its value rise in recent years and could definitely be sold at auction within a month for £6k. I had bought a similar one 6 months prior and had made £2k on it.

How is this story any different? I had a choice. I made one over the other, i wasn't forced into either but was offered both. I just chose not to invest in something that i couldn't validate the claims of. Its a free market. Packages will be offered at different rates and some will be offered with clearer terms that others. We are all adults, buyer beware.

[George2Loose]

How much is the moon rock worth now?

[tikay]

How much is the moon rock worth now?

1.3

[Tal]

How much is the moon rock worth now?

1.3

[Junior Senior]

How much is the moon rock worth now?

Give or take a couple of pounds what someone is willing to pay for it.

[mulhuzz]

How much is the moon rock worth now?

Something something price has rocketed.

[MANTIS01]

The FB thread this is all in reference to was a total joke, I don't actually think the person did it with the intention of "misleading" anyone consciously, but I am 99% sure the ambiguous nature of the post was to hide the mark-up (even if it was sub-concious) because its blaringly obvious to people with an understanding on poker/poker tournaments that 1.3 cannot represent anywhere near good value* **

*no disrespect to his poker ability, but low-buy-in and small fields mean ROI's of 20-25% will be towards to top end for the best players in the field and for 1.3 to be a good deal he'd need to be starting somewhere near 50% which is unrealistic for these comps and I'm fairly sure the poster knows this too.

**I'm sure the poster is +EV in these comps.

I'd have liked to see the post start out with "Anyone wanna take a punt on me in these comps" and not all this "I usually sell out straight away" nonsense making it sound like its hot property. The post could have been an open, honest one and would have sold for sure, but all the smoke and mirrors make it seems very disingenuous which is why it caused controversy.

JUST IMO ofc.

You're right Dave, people who make something sound like it's hot property when they sell it need to be told straight.

[MANTIS01]

Come to think of it I remember watching QVC in some drunken haze and buying a universal fruit and vegetable slicer cos the woman said it was so amazing you wont be able to live without one. Well that's bollocks because 6 months down the track it's still unopened in the box and yet I'm perfectly fine.

[Ironside]

If the crying girl is attractive and giving her money back significantly increases my chances of sleeping with her then sure, i'd give her money back.

Just use the £250 and Madame mysteries knocking shop, cheaper and your not worried about more kids mouths to feed as they are well protected

[SuuPRlim]

Come to think of it I remember watching QVC in some drunken haze and buying a universal fruit and vegetable slicer cos the woman said it was so amazing you wont be able to live without one. Well that's bollocks because 6 months down the track it's still unopened in the box and yet I'm perfectly fine.

We've all been there, I bought myself £40s worth of amazon book vouchers because it was a 'hot deal'

Just buy yourself a book you mug.

[Doobs]

Come to think of it I remember watching QVC in some drunken haze and buying a universal fruit and vegetable slicer cos the woman said it was so amazing you wont be able to live without one. Well that's bollocks because 6 months down the track it's still unopened in the box and yet I'm perfectly fine.

Yo Mantis

Why do you think they have all that protection in place for people buying financial products?

For instance, if you sell payment protection insurance for 10 or 20 times its value and you didn't explain it properly, you have to pay the mugs who bought it back all their money plus interest.

and the rest of us have to put up with a lifetime of spam emails, annoying adverts and phone calls.

Why don't they do all this for mugs buying slicers on QVC?

[dwayne110]

financial product benefits and costs are easier to quantify, a tangible product less so... With a blender or whatever, it more comes down to what price someone will pay for it... supply and demand, how much competition's in the market, etc. The benefit can be more subjective top e.g. Moonrock... no practical benefit, but peeps just want some moonrock

[MANTIS01]

Come to think of it I remember watching QVC in some drunken haze and buying a universal fruit and vegetable slicer cos the woman said it was so amazing you wont be able to live without one. Well that's bollocks because 6 months down the track it's still unopened in the box and yet I'm perfectly fine.

Yo Mantis

Why do you think they have all that protection in place for people buying financial products?

For instance, if you sell payment protection insurance for 10 or 20 times its value and you didn't explain it properly, you have to pay the mugs who bought it back all their money plus interest.

and the rest of us have to put up with a lifetime of spam emails, annoying adverts and phone calls.

Why don't they do all this for mugs buying slicers on QVC?

Not sure?!? Is it something to do with the 14 day no quibble money back guarantee?

I like the comparison to financial products though. So really the guys who hunt around facebook looking to highlight poor value poker staking packages are seeking to offer the community protection like the financial ombudsman do. I think that's a great free service, well played lads. Actually I saw a similar unpaid group on telly the other day who spend their time standing by speed cameras dressed as caped crusaders and holding big signs to warn other motorists. In reality there's a lot of community spirit out there if you look for it imo.