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#51
04-07-2006, 10:51 AM
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Re: I\'ve been offered to be staked in the WSOP. Good deal?
[ QUOTE ]
[ QUOTE ] Being a "local celebrity" (don't ask), and decent poker player, a local casino has offered to stake me in the WSOP. For the record, I'm going to play in the WSOP this year whether I take this deal or not. They will pay my entry fee into a $2000 WSOP NL event, cover the airfare, about $400, and hotel for 5 nights, another $600. They'll throw in an additional $300 for food/taxis/etc. Total investment for them is about $3,300. In return I would give them half of what I win AFTER I take off $10,000 for a main event entry, provided I cash in the $2000 event. Example: If I cash for $40,000, I take off $10,000 and then split the $30,000 with them. Here's the kicker. IF I cash in the $2,000 event and enter the main event, they automatically get half of anything I cash. Again, they would pay airfare, $400, hotel, $1,200 this time as I might be there 10 days, and $500 for food/etc. A goot deal? [/ QUOTE ] put a cap on how much they can take from your ME winnings, assuming you cash... [/ QUOTE ] Thats what I meant [img]/images/graemlins/cool.gif[/img] 
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#52
04-07-2006, 12:23 PM
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Re: I\'ve been offered to be staked in the WSOP. Good deal?
[ QUOTE ]
Being a "local celebrity" (don't ask), and decent poker player, a local casino has offered to stake me in the WSOP. For the record, I'm going to play in the WSOP this year whether I take this deal or not. They will pay my entry fee into a $2000 WSOP NL event, cover the airfare, about $400, and hotel for 5 nights, another $600. They'll throw in an additional $300 for food/taxis/etc. Total investment for them is about $3,300. In return I would give them half of what I win AFTER I take off $10,000 for a main event entry, provided I cash in the $2000 event. Example: If I cash for $40,000, I take off $10,000 and then split the $30,000 with them. Here's the kicker. IF I cash in the $2,000 event and enter the main event, they automatically get half of anything I cash. Again, they would pay airfare, $400, hotel, $1,200 this time as I might be there 10 days, and $500 for food/etc. A goot deal? [/ QUOTE ] Great Deal - I'd take it
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#54
04-07-2006, 12:49 PM
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Re: I\'ve been offered to be staked in the WSOP. Good deal?
[ QUOTE ]
You are either taking this deal or what is in the mystery box. ...take the mystery box. [/ QUOTE ] Yeah the mystery box could be anything. It could even be a boat.
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#55
04-07-2006, 01:31 PM
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Re: I\'ve been offered to be staked in the WSOP. Good deal?
I'd prefer a 70/30 or 65/35 split in the ME. Also a proviso that if you cash in the $2,000 for less than 12,000 that the deal ends there, you each take half of your winnings and you buy yourself into the ME.
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#56
04-07-2006, 02:45 PM
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Re: I\'ve been offered to be staked in the WSOP. Good deal?
I'd take the deal BUT.... first I'd try to put a cap on what they can get in the ME. Offer them half not to exceed 750k or 1 mil.
I would think they would sit back and think about how small the chances would be that you get 1.5 - 2 mil and take it. Then if you end up winning the 7.5 - 10 mil you'll be thanking me. Thanking me in more ways than just saying thanks [img]/images/graemlins/smile.gif[/img]
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#58
04-07-2006, 03:51 PM
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Re: I\'ve been offered to be staked in the WSOP. Good deal?
Do you guys think this is really that good of a deal? If hes planning on buying into the ME already, why would he do this?
I would make them them pay for both trips, provide spending money, and i agree with others put a cap on your winnings
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#59
04-07-2006, 04:19 PM
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Re: I\'ve been offered to be staked in the WSOP. Good deal?
[ QUOTE ]
[ QUOTE ] Please explain how the possibility of winning money when not having to put any up front can be considered -EV. [/ QUOTE ] Opportunity cost? [/ QUOTE ] there is a difference between opportunity cost and -ev...
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