Re: Help: Selling Action in Tournaments?
Selling action is a very individual and personal process. Your situation (one tournament, won a satellite to get in) sounds like a good spot to sell action rather than get into a longterm staking deal.
Basically, you're going to take the buy-in (be sure to convert it to USD), and divide it by 100. If your tournament is a $6k USD buy-in and you want to sell at face value (like some WSOPE Superstars...sigh), then you'd sell 1% of your winnings at $60.
However, depending on your reputation/demand/social netowrk you can sell at a higher % (markup).
This is where having a good group of friends that actually think you can play comes in handy. You message your friends (You do not solicit the forum) and say "hey I'm selling X% for X$.
I'll use a 20% markup as an example, so if you wanted to sell 1/3rd of your action at a 20% markup then it'd look like this:
$60*0.2= $12 (Markup)
$12+$60 = $72 = 1%
72*however much you want to sell (we'll say 33%) 33 = $2376
End Result: You have 67% of your winnings and pay $3,624 ($6,000 - 2,376). Or, since you won your seat, you get $2,376 and 67% of your action.
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