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craigthedeac · #1 (**permalink**) 05-27-2008, 03:59 AM

I'll be in Vegas June 15 - July 2, I plan on playing a few of the events.

Definitely playing:
$2500 6-max NL (June 16)
$5000 6-max NL (June 26)

I will also likely play a couple of the random $1500 events, there are multiple of these while I'm there. I may also play the PLO8 $1500 which I'm sure will be very soft and I've actually played quite a bit of that game and feel good about my chances there.

So, I'm thinking my total tourney cost will be $10,500. I'm not comfortable having 100% of myself, but am thinking of selling (or swapping) about half.

I have an extensive SNG and MTT background and am very good with the shortstack push/fold math and such. I also obviously have had a lot of success in deep stack cash games and 6-max NL, so I should have a humongous edge in the 6-max tourneys.

Lifetime my ROI in online MTTs is over 100% over a decent sample. WSOP fields will be extremely soft and I'm obviously better now than I was early in my MTT career. I also have played quite a bit live at casinos, tourneys like the PCA, etc. Considering all of these things, I have no doubt that my ROI in these WSOP events is over 100%.

I'm asking for a fairly standard markup of 1.2 (meaning, you pay $120 for a $100 share). This is pretty standard amongst good players. Obviously if my ROI is over 20% buying a piece of me is +EV. I just feel like I can't justify selling myself at par, I'd be burning too much money. I think 1.2 is a more than fair deal for backers.

I mentioned I would also be interested in swapping, contact me if you'd like to do that.

Below are screenshots from OPR (officialpokerrankings.com, a site that tracks MTT results).

I'm ELMO_MASK on FTP, craigthedeac on PS.

To make it easier on me, I'm requiring a minimum investment of $500. At the end, I will add up the total cost of my entries. For example, if you invest $600 (for $500 equity given 1.2 markup) and my total cost was $10,500 (which is most likely IMO) you will have 500/10,500 = 4.8% of me. So you would get 4.8% of the total prizes I collect.

I will of course confirm before the events which I will be playing for sure and won't play anything random (like $50,000 HORSE or whatever). It will be the 6-max NL tourneys mentioned above for sure. Then probably 2 of the $1500 tourneys (NL or the one PLO8).

Craig

Probability · #2 (**permalink**) 05-27-2008, 04:05 AM

I will take 1k, so 1.2k total. I can transfer on FTP whenever.

craigthedeac · #3 (**permalink**) 05-27-2008, 04:16 AM

Okay, I'll hold that for you. FWIW Greg has first dibbs on the remainder if he wants it, I'm waiting to hear back from him. Feel free to post if you're interested though, but I can't promise anyone else a piece yet.