Joined: Nov '12
Location: Canada
Age: 55 (M)
Posts: 4675
G'day mates
This is NOT a begging thread!
I am NOT even asking for any money from anyone!
I am going to be playing in the Sunday Million again very soon.
I have play in the Sunday Million 7 times and finished in the money 4 times. My best finish was way back in 2009 on partypoker when I placed 34th and after splitting the money with those who where involved I made something like $1600 for myself I was pleased at the time.
Ok here is what I want to know from people.
I have decided to play another Sunday Million. I will be doing a direct buy in of the $215.
I mentioned this to a friend and he was all like, " oh dude just let me sponsor you and we will go 50/50. " I instantly told him to go pound sand. Pointed out to him that the last 3 times he has offered to stake me into anything he backed out without a word and left me hanging. However I got a coupe other friends who have asked me to allow them to buy shares in my next Sunday Million game. I know 3 people who all want to have a chance at making some money with my playing, but they admit there is no way they can afford $215.
Do you think I should offer to sell them shares?
I was thinking that if I was to split the Sunday Million game buy in into 20 equal shares they would be worth $10.75 each. Well I have already got 10 of the shares spoken for, but I think I can really only count on 6 of them as being sold. ( I got no faith in one person anymore )
Do you think I should actually offer to sell shares in my Sunday Million game? If so do you think more shares offered is better or worse? If I did offer shares do you think I should also offer them to mobster members as well?
I will be playing the Sunday Million again soon no matter what, as I do have the money to do so completely on my own.
Just wondering what my fellow mobster buddy's think.
Joined: Nov '11
Location: United Kingdom
Age: 67 (M)
Posts: 3361
aye Ronin,i think selling shares is a good idea as it lessens the cost to you as regards to the buy-in but i don't think you should sell too many because they will be taking away winnings that you have fought and played for,you know the more shares you sell the less winnings you will recieve so be careful how many you do sell.
Joined: Mar '11
Location: Croatia
Age: 43 (M)
Posts: 1738
I don't think I'll be playing the sunday millions soon... and even less with a direct buy-in. Regarding your case I would say sure, sell shares. To everyone else involved will be more like buying a lottery ticket than making an actual investment so to say. still I would sell less shares or at least make less of them. I think 10 would be enough. Whoever wants a bit of the actions buys one and guarantees 10% of any winnings.
Joined: Mar '12
Location: Romania
Age: 34 (M)
Posts: 640
I think it's an excelent ideea , I mean you minimize the $ to buy-in into the sunday million , which would be too much for 1 single person , unless u have about 20.000 $ in your account , and in case you win big , you'll still make some pretty nice cash . People do this all the time , on a romanian forum , they create packages , about 15-30 tournaments everyday, each package worth from 300 $ to 2000$ something like that , and they sell those packages into shares, and they basically sell these everyday..... Too bad brm doesn't have a share section.
Joined: Nov '12
Location: Canada
Age: 55 (M)
Posts: 4675
Posted by AlexSimion: I think it's an excelent ideea , I mean you minimize the $ to buy-in into the sunday million , which would be too much for 1 single person , unless u have about 20.000 $ in your account , and in case you win big , you'll still make some pretty nice cash . People do this all the time , on a romanian forum , they create packages , about 15-30 tournaments everyday, each package worth from 300 $ to 2000$ something like that , and they sell those packages into shares, and they basically sell these everyday..... Too bad brm doesn't have a share section.
G'day mate
So if I understand you correctly you are in favor of my offering to sell share's in my next Sunday Million game. Please keep in mind that I have not asked you or any mobster to purchase any of my shares.
I am simply trying to make a decision as to how people feel about this kind of thing. I thought some folks might think it was taking advantage of others for me to offer to sell equal shares to others to limit my playing cost.
I will be playing in the Sunday Million regardless. even if I do not sell a single share as i have the buy in amount for the $215 already set aside to do so.
I think I will really give this some thought and then ask my fellow mobsters about what they thick of what I finally come up with in regards to the structure.
Joined: Apr '09
Location: Australia
Age: 40 (M)
Posts: 6483
A note on selling shares:
When people who are winning tournament players sell shares they usually include a 'mark-up', which is what makes it worthwhile (for the seller). The mark-up is usually a reflection of their ROI.
For example, in a $100 event, let's say you want to sell 50% of your action, in 10 shares. The 'equal' way of doing this would be to sell 10 lots of $5.00, each worth 5% of the action. However, if you include mark-up, of say 10%, you would instead sell 10 shares of $5.50, but they're still only worth 5% each. So on each share, you've already made $0.50 profit. As a result, you're now covered for $55.00 of the $100.00 buyin, meaning you only have to cover $45.00 yourself, but you're still getting 50% of the action.
Joined: Feb '11
Location: United Kingdom
Age: 59 (M)
Posts: 5712
RONIN..... it definately sounds loike a good idea..... the difficult opart is going to be the equation between how much you want to spend of your own and how much you want to win....that will achieeve how many shares to sell..... if you get that luxury of having enough sponsors.
Good luck either way and keep us informed of progress.
Joined: Mar '13
Location: Romania
Age: 58 (F)
Posts: 62
I would say...no...don`t sell shares.If you trust that you can get ITM you should play and make a big profit...Why save 100$ when you could win 500 more...
Joined: Nov '11
Location: United Kingdom
Age: 40 (M)
Posts: 747
to be honest given some of your previous post id question if you realy do have the money to play this tounament,not that you dont have the money there but if yu could afford to lose it if that makes sence. a lot of your posts are referng to bankroll managment and we know you recently lost your roll, so then would playing in a $215 tourney really be a good idea. i dont want this post to come across in a bad way more out of concern for your self $215 is a lot to lose if youve not been having the best results recently, i wouldnt want you to encourage you doing anything youd regret, but if you could satalite into it and then sell shares i think it would be much better for yourself and worth you selling shares, otherwise you might as well just play a game with a smaller buyin say $50 or somthing. probably a better way of doing it. just my thoughts.
Joined: Nov '12
Location: Canada
Age: 55 (M)
Posts: 4675
Posted by takingdrugs: to be honest given some of your previous post id question if you realy do have the money to play this tounament,not that you dont have the money there but if yu could afford to lose it if that makes sence. a lot of your posts are referng to bankroll managment and we know you recently lost your roll, so then would playing in a $215 tourney really be a good idea. i dont want this post to come across in a bad way more out of concern for your self $215 is a lot to lose if youve not been having the best results recently, i wouldnt want you to encourage you doing anything youd regret, but if you could satalite into it and then sell shares i think it would be much better for yourself and worth you selling shares, otherwise you might as well just play a game with a smaller buyin say $50 or somthing. probably a better way of doing it. just my thoughts.
G'day mate
I must admit that over the last couple days that i have been thinking the exact same thing. I do have the buy in amount of $215. I got the buy in amount by using personal bankroll management. I set aside $5 - $10 at a time over the last year, I started saving last year on my birthday. The goal was to be able to reward myself with a large buy in poker game as a gift to myself on my birthday this year. I have actually managed to not spend the money all year and stuck to my guns as they say and built up my birthday poker roll almost $350.
My birthday is May 8th which is a Wednesday. I am currently thinking about just playing in whichever decent sized game is actually going to be held on that date and for getting about the Sunday Million for awhile because I want to practice proper bankroll management.
Joined: May '11
Location: United Kingdom
Age: 33 (M)
Posts: 217
I'd generally say yes, it helps covers the losses of when you dont cash, especially for a big buy in! But you seem like you know how to play the format pretty well, so I think as a compromise just sell 50% of your action incase you do make a big cash . (plus $107 left for a bankroll afterwards if you do lose)
Also good luck dude! Be sure to post what happens on BRM .
oh and, im not sure if you have been on parttimepoker.com (PTP). Its a great website for selling shares on your action .
Joined: Dec '12
Location: Bulgaria
Age: 47 (M)
Posts: 1022
Hi Ronin,
Your topic is interesting. I will explain you how it works here in the bulgarian poker forums.There is a special part, exactly for your topic. For example when someone is looking for a sponsorship posts at least 5 screenshots of his winnings from the last month. He introduces himself to the poker community with post, including the screenshots of the winnings, so after that the sponsors are looking for the best guys, with the best screenshots. They communicate how much will be for the sponsor. Normaly is 50/50. Sometimes goes to 70/30.
There are some guys who have amazing screenshots like $20 000 won per tournament. The trainers of that poker site also win huge money. Actually it is an american poker site, but has departments all over the world, including Bulgaria too. The main office is in Gibraltar.Also there is a canadian department for canadian players. Do you remember now who is this site?
Dimitar Danchev won $2 000 000 last year in December at PokerStars Caribean Adventure. I am happy that a bulgarian won it.
With pleasure I would post you a link here, but you know I will break the BRM T & C.
I like The BRM site and its offers, but unfortunately here the forum structure is not very well organised. If I work for The BRM, definately I would change a lot of the forum structure here.
Ronin, before choosing someone, see some his screenshot winnings. That is why I created the topic 10 months = $1 000 000.
Through this post we can see who are the best BRM poker players and when there are some big tournaments, we can help each other and choose who exactly to invest.
Also at these screenshots, there is NO personal info. Just the username of the player we see. Becase I saw your comment that you are saying to much personal info. Look the screenshots. No personal info you can find there. Only the winnings. I am talking about a screenshot of a tournament lobby.
Joined: Jan '13
Location: Canada
Age: 45 (M)
Posts: 1066
I think its a great Idea, however for me to make similar deals I need to prove I can do well. That is what I am working on right now. Glad I am not the only one that thinks like this but honestly this is the first time I have seen a topic like this!
Joined: Nov '12
Location: Canada
Age: 55 (M)
Posts: 4675
Posted by Peter7878: Hi Ronin,
Your topic is interesting. I will explain you how it works here in the bulgarian poker forums.There is a special part, exactly for your topic. For example when someone is looking for a sponsorship posts at least 5 screenshots of his winnings from the last month. He introduces himself to the poker community with post, including the screenshots of the winnings, so after that the sponsors are looking for the best guys, with the best screenshots. They communicate how much will be for the sponsor. Normaly is 50/50. Sometimes goes to 70/30.
There are some guys who have amazing screenshots like $20 000 won per tournament. The trainers of that poker site also win huge money. Actually it is an american poker site, but has departments all over the world, including Bulgaria too. The main office is in Gibraltar.Also there is a canadian department for canadian players. Do you remember now who is this site?
Dimitar Danchev won $2 000 000 last year in December at PokerStars Caribean Adventure. I am happy that a bulgarian won it.
With pleasure I would post you a link here, but you know I will break the BRM T & C.
I like The BRM site and its offers, but unfortunately here the forum structure is not very well organised. If I work for The BRM, definately I would change a lot of the forum structure here.
Ronin, before choosing someone, see some his screenshot winnings. That is why I created the topic 10 months = $1 000 000.
Through this post we can see who are the best BRM poker players and when there are some big tournaments, we can help each other and choose who exactly to invest.
Also at these screenshots, there is NO personal info. Just the username of the player we see. Becase I saw your comment that you are saying to much personal info. Look the screenshots. No personal info you can find there. Only the winnings. I am talking about a screenshot of a tournament lobby.
Good luck at the tables!
Regards, Peter7878
G'day mate
Well I have been a member of BRM for awhile now and would like to think that I have already established myself as a trust worthy member of the BRM forums. I have in the past tried very had to be both helpful and supportive to other members. I do not believe I have a bad reputation as a poster. I try to give freely any and all knowledge I have to try and help my fellow mobsters. Even have gone so far as to post about my own personal mistakes and lapses in judgements. Did this to try and teach by example of what not to do. Did not want others to repeat my mistakes. In the past I have even supported BRM homegame events and truly enjoyed playing in them personally. I have even helped fellow mobsters out in the past with a little cash to help get them over a small hurdle or to just try to help get them restarted on the road to building a bankroll.
The one time which I asked for a little cash help myself I laid out my exact reason for doing so along with a repayment plan and guaranteed an exact minimum repayment amount for the loan. I had several people offer me help when I asked for it. It was good to know people considered me honest enough to help. I do not make it a habit of asking others for money, but when I do I always make sure they get it back.
I hope this answers your concerns. be cool and may the tables be kind to you.
Firstly I will probably take a share, I will transfer through PS as required.
Secondly, and more to the point. I suggest building a separate fund of a nominal amount, I would say Capped at $500.00 is about correct (this allows at least 2 Sunday millions to be played, hopefully more). The fund can be bought into by people you agree to sell a % to, so each share is worth $5 + mark up, purchases of shares of, say, 5% or more get a discount on the mark up, say $5.50 for 1 share, $52.50 for 10 shares. Establish some rules, no playing on this fund until the total has been reached, you also need a completion criteria, funding complete by your birthday or all monies refunded including mark up, then compete in as many Sunday millions as the fund last until end of June, then payouts or commiserations notified, weekly updates posted for your investors etc. this gives you a bit more scope and a potential larger upside for your investors, you also need to fund the pool yourself (you do not need to charge any mark up to yourself, lol) I would say 20-25% or $100-125, no payouts until the end of June + 48 hours or so to allow final calculations etc unless the fund exceeds $5,000.00 then an initial payout can be processed and sent, say 50% of total profit, again within 48 hours or so.
These are just suggestion or spit ball ideas, let me know how you get on and your final decision.
Joined: Nov '12
Location: Canada
Age: 55 (M)
Posts: 4675
Posted by 3pokeronly: Hi mate,
Firstly I will probably take a share, I will transfer through PS as required.
Secondly, and more to the point. I suggest building a separate fund of a nominal amount, I would say Capped at $500.00 is about correct (this allows at least 2 Sunday millions to be played, hopefully more). The fund can be bought into by people you agree to sell a % to, so each share is worth $5 + mark up, purchases of shares of, say, 5% or more get a discount on the mark up, say $5.50 for 1 share, $52.50 for 10 shares. Establish some rules, no playing on this fund until the total has been reached, you also need a completion criteria, funding complete by your birthday or all monies refunded including mark up, then compete in as many Sunday millions as the fund last until end of June, then payouts or commiserations notified, weekly updates posted for your investors etc. this gives you a bit more scope and a potential larger upside for your investors, you also need to fund the pool yourself (you do not need to charge any mark up to yourself, lol) I would say 20-25% or $100-125, no payouts until the end of June + 48 hours or so to allow final calculations etc unless the fund exceeds $5,000.00 then an initial payout can be processed and sent, say 50% of total profit, again within 48 hours or so.
These are just suggestion or spit ball ideas, let me know how you get on and your final decision.
3P
G'day mate
Well first of thank you for your input and for stating that you have enough faith in my poker skills that you plan on purchasing at least one share of my Sunday Million game.
I want to point out to you however that I have NOT actual offer to sell any shares as of yet. Been giving this a great deal of thought and do have some people who seem very interested in my selling them shares towards my playing in tournaments in general. One of my friends says that buying shares in my poker playing of tournaments is better then play the lotto because he knows I WILL win again, it is just a matter of time. He told me that him and his wife waste $10 every week on lotto tickets and they have never one much more then the occasional free ticket or $10-$20 here and there. He mentioned to his wife about the idea of just giving me $10 to play with for a couple months and splitting the profits with me instead of wasting money on the lotto which they never seem to win anyhow. It blew me away when ho told me she smiled at him and said they was outta milk for the kids cereal and she was going to the store. (sounded bad to me too) So he calls me up and tells me that while she was out getting a few things at the store she withdrew $100 from their vacation savings account and gave it to him, and told him to tell me, to win them enough to take the kids on a trip this July. I mean damn man. What am I supposed to do now. It seems people have faith in me as a player, but I still do not know if I want to start a poker share fund. So my fellow mobsters what do you think I should do. This was never meant as a begging thread. I never asked anyone to by shares. I just wanted some unbiased feedback from my fellow forum members in order to get a little help thinking things through. So in all honesty, What the hell should I do? I mean can I really say no?
Joined: Oct '08
Location: Canada
Age: 66 (M)
Posts: 2423
Hmmm this is an interesting topic, sorry guy's but to me this seem's like a way of begging for money without actually asking, and yes Ronin hasn't actually put those shares up for sale, but I think if he does, then it's begging, sorry just my opinion. and as for the last post I think it's not a very good thing to take a person's vacation money to gamble, you can tell by the post that these people actually can't afford it.I think the best thing to do is to say thanks but No thanks. like I said this is just my opinion.
Joined: Nov '12
Location: Canada
Age: 55 (M)
Posts: 4675
G'day mates
I just want to make you aware that crash58 seems to think I got something to hide. He has started another thread in which he slanders me personally without actually giving my mobster account user name. I want you all to know that I have not been trying to hide anything or even solicit any money from any one. Here is what he had to say and my response. I moved it here into the proper thread.
Posted by crash58: I don't know if you have heard of top shark , but it keeps the player profiles of every player at poker stars. it tells you all the tournaments they have played and how they finished ,all you have to do is google their nic and it will come up.so I see a player who cashed out some good coin in 2009, a couple of cashes in 2010. but nothing since. his biggest cash in the the last 10 tourney's is $2.98 , but he's willing to take a friends vacation money and hope to have a good time. A person who would take a friends vacation money to fuel his gambling habits is not a person I would like to deal with.
G'day mate
Thank you for that, you made me laugh. The way you slandered me without actual coming right out and saying my logon name was priceless. I would point out to you however, that like many players I play on several sites. Also like many players, I use more then one nick name on different sites. In fact I use 4 different poker alias on several sites. Why is obvious to all serious players, several of whom I know are doing the same thing. I do not want everyone one to be able to know who I am on every site I play.
One more very important thing about your slanderous remarks. In your last line you accuse me of taking my friends vacation money and wasting it to fund my own poker habits.
Well Amigo just for the record I did NOT take the money which was offered to me and I did NOT ask anyone for money or a stake to gamble with.
In the future before making such hurtful and misguided and unfounded accusations about other people perhaps you should try to get your facts staight by asking a few questions.
I wish you all the best.
Ronin
------------
Posted by crash58: Hmmm this is an interesting topic, sorry guy's but to me this seem's like a way of begging for money without actually asking, and yes Ronin hasn't actually put those shares up for sale, but I think if he does, then it's begging, sorry just my opinion. and as for the last post I think it's not a very good thing to take a person's vacation money to gamble, you can tell by the post that these people actually can't afford it.I think the best thing to do is to say thanks but No thanks. like I said this is just my opinion.
Well I see that my last post which you are unhappy with now has a -1 thumbs down right after you posted your reply. since you are the only one to have been in the thread since I left my message one can most like assume you gave me the -1 thumbs down.
Thank you for your negativity and for trying to hurt my reputation mate. I wish you all the best of luck with your efforts. Personally I have now just decided to ignore all further attempts by you to upset or slander me. Just not interested in getting involved in a petty argument over unimportant issues.
.
