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#1
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Hey everybody,
I'm helping one of my profs do a study about risk and behavior, and one of the ideas I gave him was the idea of analyzing the practice of mid/high stakes tourney players who cross-buy with each other (I take 10% of you, you take 10 of me, etc). I don't play anywhere near mid/high stakes, but i've heard/assumed that it is very common for the 'big' tournaments (massive MTT's with enormous +EV but also enormous variance) with huge buyins for players to crossbook with each other to reduce variance. So he asked, "yeah, but can you get that information"? I told him i might have a few sources... Hopefully... If there are any mid/high level pros who wouldn't mind answering a few questions and sharing any crossbooking or similar arrangements they have with other pros, that would be utterly fantastic. I don't need to know anything very personal that you'd want to guard. I don't need how big your bankroll is, I don't need your finishes, or your ROI, or any strategy, or stats, or HH's. I also won't make any agreements or deals public. I'd just like to know any of those types of arrangements you have, and ask you a few hypothetical type questions about your aversion to risk. If anyone wants to help, please PM me, or I can PM you, or whatever. Any information is good information, and it'd be pretty great to get good data on this. Thanks, Danny |
#2
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Crossbooking is the opposite of swapping action
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#3
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[ QUOTE ]
Crossbooking is the opposite of swapping action [/ QUOTE ] ? Do i just have a term mixed up? I'm looking for the case where pro A trades 10% of his tourney wins for 10% of pro B's tourney wins, or something similar. Sorry if there is any confusion. Danny |
#4
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Crossbooking is basically betting against someone or upping the stakes. If I crossbook you I would pay you however much you cash or if you don't cash you pay me the buyin. You can cap the crossbook to a max loss or do it for certain %s, etc.
You mean swapping percentages. |
#5
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[ QUOTE ]
Crossbooking is basically betting against someone or upping the stakes. If I crossbook you I would pay you however much you cash or if you don't cash you pay me the buyin. You can cap the crossbook to a max loss or do it for certain %s, etc. You mean swapping percentages. [/ QUOTE ] Yes, exactly |
#6
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Yes, lots of people swap action.
Very few people crossbook. Swapping action is just a good way to turn playing a 10k into playing an 8k and 4 500's or something like that. |
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