Insurance deals at final tables?

[Nichlemn]

I've noticed at the final table of something like the Sunday Million, deal talks can come up at fairly early stages of the FT. Inevitably, some people won't talk and the deal can't work unless everyone agrees.

But, unless this would be prohibited, couldn't someone sell their tournament equity to another person, exchanging their eventual winnings for a guaranteed payout? Current locked-in prize money, + chip equity, maybe +/- expected edge based on past results, and an insurance fee. Setting aside $X if the "horse" won like in Sunday Million deals would also ensure an incentive remained to play well.

Given the risk-adverse nature of many final tablists (and with good reason - for a number their tournament equity would be considerably higher than their bankroll), it seems this could be very lucrative for someone or a group with large enough funds.

One problem is the observer chat being turned off at the final table - making it harder for the two parties to come in contact, unless another FTer would do a deal. Only if that person had prior knowledge about selling the equity and could contact someone would they be able to do so. Also, the short notice makes it riskier.

[TheJacob]

Fairly sure pokerstars wouldn't want this going on and wouldn't let it happen.

They especially wouldn't let someone make a business out of it.

Believe it or not...they have a set of rules for those who buy/sell T$/W$.

[Cornell Fiji]

Obviously having another person at a FT buying your equity would not work because of the incentive for collusion.

Since observer chat is turned off that would mean that you were making a private deal with a friend... nothing that an online site could do about it though they would not enforce payments either so you would have to do it with someone you trusted

[shaundeeb]

how retarded do you have to be to come up with this and think it's a good idea/post.

Ohhh wait you saw phil helmuth do this so you want to be like him.

[censored] OFF.

[Nichlemn]

[ QUOTE ]
how retarded do you have to be to come up with this and think it's a good idea/post.

Ohhh wait you saw phil helmuth do this so you want to be like him.

[censored] OFF.

[/ QUOTE ]

Pretty damn retarded, I'd say. The idea is nothing but a fanboy's pathetic attempt to imitate a professional poker player and has absolutely no conceivable merit, theoretical or otherwise.

[twonine29]

[ QUOTE ]
[ QUOTE ]
how retarded do you have to be to come up with this and think it's a good idea/post.

Ohhh wait you saw phil helmuth do this so you want to be like him.

[censored] OFF.

[/ QUOTE ]

Pretty damn retarded, I'd say. The idea is nothing but a fanboy's pathetic attempt to imitate a professional poker player and has absolutely no conceivable merit, theoretical or otherwise.

[/ QUOTE ]

nice

[RonFezBuddy]

do we really need to attack the OP?

[Nichlemn]

[ QUOTE ]
do we really need to attack the OP?

[/ QUOTE ]

Yes.