Edit: Corrected the prices below, forgot to update them when copy/pasting.
Almost immediately after moving to Vancouver, I’ll be heading to Cannes for the World Series of Poker Europe, most likely just the main event. Although I never considered this event worth traveling for in the past, I expect that the relocation to France is going to make it a very good tournament. I’m looking to sell up to 2/3 of my action at 150% markup. In other words, the buyin is 10K euros or about $13,563 US. With markup, shares will go for
1% = $203.45
5% = 1017.25
10% = 2034.50
67% = $13563
I’ve played nearly 1000 tournaments since January 1, 2008 with 149% ROI. Notable scores include 1st in an FTOPS $2K, 3rd in a WCOOP $500 1R1A, 5th in a SCOOP $300 4-Max, and five cashes in six years in the WSOP Main Event, including three finishes in the top 100.
Preferred methods of payment are PokerStars, Bank of America, ING, or Interac. If none of those are options for you, let me know and we’ll work something out.
Please e-mail me at andrew (at) thinkingpoker.net if you’re interested. Do NOT send money or assume that you have a piece until I’ve written back to confirm, which may take a day or two.
Should I cash, payouts to shareholders will be based on a dollar:euro exchange rate of 1:1.3563 (ie the same rate you bought at), regardless of what the exchange rate is at that time.
149% ROI and 150% Markup means that, in the long run, an investor should expect to lose 1% … no?
No, if 149% were my true ROI, then they could expect a 99% profit in the long run. In the context of poker/MTT’s, I’ve always seen ROI used to reflect profit. In other words, a 100% ROI player is one who expects to double his money in a given tournament. So over the last 3.5 years won nearly two and a half times what I’ve spent on tournament buy-ins, for a profit of 149% of my total buyins. Sorry for the confusion.
Yeh, my bad … this is apparently the accepted definition and I was just confused/ignorant.
The actual expected ROI for investors would be 66%. They are paying a 150% markup so their ROI should be based on that((249 – 150)/150) = 99/150 = .66
Anyway gl in the main, you’re due some run good. Does this event count for your WSOP ME cashing record? 😛
Right, so you get a 66% profit on top of getting your money back (in theory of course) – ie take $100 and turn it into $166 vs. the investor only gets back 66% of what he invests. I know you know that, but it looked bad when I first read it 🙂
I don’t suppose you can promise not to let your opponent river quads when you flop an overset?