Help: Selling Action in Tournaments?

[RickOSU]

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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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[img]/images/graemlins/heart.gif[/img]

great post.

thank you so much!


p.s.
interested in buying any action?

[XXXNoahXXX]

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here's some random info for the tournament:
The APPT Sydney is a 6k buy-in. I'm trying to sell off about 1/3 of my action. I definitely the consider myself to be +EV in this field.

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random info would have been who finished 138th last year and the brand of cards they use.