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Old Jul 20, 2008, 12:59pm   #1
SwoopAE
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Default Stakeaments: Volume 3

Stakeaments: Volume 3

The target: Victorian Poker Championships 2008.

Link to my first stake thread - Melbourne Poker Championships 2008

http://www.pokertips.org/forums/showthread.php?t=59016

Cliffnotes: Shares cost $32 per 1% and paid out $120 per 1% after I chopped the Teams Event in HU and had two other minor cashes over 10 tournaments.

Stake money will be escrowed to Hustlr. His accounts are Hustlr on PokerStars and Hustlr on Full Tilt


I will write up a tournament report after each event and post the results of each tournament in this thread. My name is Oliver Gill if you would like to follow my progress at crown.pokernews.com (they cover several of the events)

I will consider deals at final tables, based on edge, equity and variance. Any deals will be witnessed by Kid Hustlr or Brendo.

If I win the Main Event, an Aussie Millions seat is included. The stake will then carry over to the Aussie Millions Main Event if this is the case.

Any winnings from the stake will be paid out to the stakers's account on their choice of Full Tilt or PokerStars.If I make a net profit, funds will be paid on Stars or Tilt. If I make a net loss, after all cashes are paid, Hustlr will transfer any remaining funds to me.

Alright then. Here we go on another staking adventure.

Event Schedule


http://www.crownpoker.com.au/Assets/...20Schedule.pdf

Event Structures


http://www.crownpoker.com.au/Assets/contentFiles/898/2008_Vic_Champs_Structures(fin).pdf

All Satellites and Cash Games will be played on my own money and will not be included in the stake. Sorry guys, i'm keeping the Satellite action for myself, it's far too low stake and +EV not to.

Minimum Stake is 0.5%, Maximum Stake is 13%. All shares are now sold, but if you want a 0.5-1% share, i'm sure one of the larger shareholders (maybe even me) will sell you some action, so go ahead and post in the thread.

Here is the schedule.


3 August - Event 1 - $230 NLHE
5 August - $100 PLO
5 August - Event 3 - $340 NLHE w/$100 Per Knockout (Any knockouts will be tracked and paid out to stakers, obviously)
6 August - Event 4 - $240 NLHE w/ $100 Rebuys (Budget: $640 - Instant Rebuy, 1x Double Rebuy, 1x Addon. Any further funds will come out of my own pocket if I run bad but feel I have an edge over my table, stakers will maintain their shares)
7 August - $100 Razz
7 August - Event 5 - $550 NLHE (250k Guaranteed) - Flight 1
10 August - Event 6 - $220 PokerPro NLHE Megastack
11 August - Event 7 - $1100 HORSE <--- To be played by Hed1 aka Chris Simons, HORSE specialist - he will buy a % of my shares for this event.
12 August - Event 9 - $1100 NLHE 6 Handed
13 August - Event 11 - $550 Teams Event (w/Glockers or Steve again probably if Glockers doesnt make it down (Budget: $275 for 50% of Action)
15 August - Event 13 - $2700 Main Event - Flight 1


Any money from non-used rebuys or skipped events will be refunded to the stakers upon completion of the stake.


At current values, according to xe.com

1.00 AUD

=

0.972292 USD

This figure will be used to calculate the exchange rates for the duration of the stake, regardless of fluctatuations (it shouldn't fluctate too much anyway)

I do not take any commission, this stake is simply to minimise variance and build a staking resume for the future incase I ever need it.

1% share = 1% of my action.

Total Buy-ins (Using New Schedule)
= $7355 AUD
= $7151.20 USD


1% share costs $71.51 USD

The cutoff date for payments will be 1 August 2008.

If you would like to change/update the amount of shares you would like to buy, please update your post in the thread and I will edit it. When payment has been made to Hustlr and confirmed by him, I will update your share status to - PAID and your shares will be confirmed.

Shares Purchased

39.5% - SwoopAE - $2824.65 - PAID (Holding My Own Funds, Obv)
13% - MalcomX - $929.63 - PAID

13% - Skeptix - $929.63 - PAID

10% - Gerrit - $715.10
- PAID
7% - Glockers - $500.57 - PAID (Funds Held By SwoopAE)
3.5% - TWLLM - $250.29 - PAID
3.5% - BlackAces - $250.29 - PAID
2% - Tigga - $143.02 - PAID
2% - CMBurns - $143.02 - PAID

1.4% - HoschH - $100.11 - PAID
1% - Ssta - $71.51 - PAID

1% - HncMotU- $71.51 - PAID
1% - LimpIn - $71.51 - PAID

0.7% - 1-2-3-Man - $50.06 - PAID
0.7% - Sugleh - $50.06 - PAID
0.7% - Rhughie - $50.06 - PAID


Shares Remaining: 0%

Hopefully everyone is happy with their allocated share amount, if not, please let me know and we can reduce it or increase it if you can find someone willing to sell you some of their action. If anyone is decreasing it though, I want to buy back to 40% myself before putting anything else up for sale. If you want to buy 1% or less though, post in thread and someone with more action may sell you a share.

UPDATE: Account Info for Escrowed Stake Funds

Hustlr on Full Tilt
Hustlr on PokerStars

Funds may now be sent to confirm your shares.

Hustlr will be holding all escrowed funds for the duration of the stake, with the exception of shares held by SwoopAE and Glockers.

The schedule for this stake is now final and will not be changed.

Last edited by SwoopAE; Jul 28, 2008 at 11:09am.
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Old Jul 20, 2008, 8:15pm   #2
MalcomX
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i take 15%.

One question:

If you win the main event (which we all hope),
you will also get a a seat to the aussie Millions (10K worth).

How will this be handled, does is count as 10K cash or
will it count as stake for the aussie Millions?
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Old Jul 20, 2008, 8:47pm   #3
1-2-3-man
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I'll take 1%.
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Da sitzt kein einziger am Tisch bei dem ich denke, bei dem mußt Du aufpassen, der kann spielen. Die sind alle scheisse.
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Old Jul 20, 2008, 9:54pm   #4
sugleh
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I'll take 1%
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Old Jul 20, 2008, 10:07pm   #5
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I take 10% as promised... Was good luck last time so hopefully it will help again
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Old Jul 20, 2008, 10:14pm   #6
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Put me down for 5%. Please run hotter than the sun, knthx.



Quote:
Originally Posted by MalcolmX
does is count as 10K cash or
will it count as stake for the aussie Millions?
He has to play the seat, so it's unfair to ask him to give cash out of his pocket, meaning it should count as a carry-over stake to the aussie millions.
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Oh, and obviously, TWLLM, we'd all rather you just ruled with an iron fist of nittiness and made all decisions without consultation, but that goes without saying, right?
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Old Jul 20, 2008, 10:16pm   #7
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I'll take 4%.

gl! i hope u run g00t!
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Ob Poker ein Glücksspiel ist oder nicht ist müßig. Fakt ist nur Folgendes: Poker ist ein Spiegelbild der Gesellschaft: 10% der Spieler sammeln das Geld der restlichen 90% ein.
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ach kack fullring
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Gott hasst mich offensichtlich. Ich hasse ihn auch. Der scheiss Wichser.
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Old Jul 22, 2008, 5:26am   #8
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Oh snap, it looks like I'm a little late. I'll take the remaining 6% as well as the % of anyone who doesn't pay or any extra % you would be willing to part with yourself Swoop.
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Old Jul 22, 2008, 7:34am   #9
SwoopAE
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Alright, i'll put you down for 6% as well as anything other people don't pay for.

All shares as sold as of now with the schedule as is, but continue to express interest please if you want a piece of the action, as some people may back out or agree to buy less if you want a small % and also, if I can sell another $600-1100 worth of action (i'm willing to put up another 1k or so myself after my 3k win yesterday), i'll add either the $1100 HORSE or $1100 NLHE 6 Handed (stakers can vote, my edge is similar in both events) to the schedule. I'll add both events if I can sell over 1k in additional action, since i'm happy to put up an extra 1k myself now after my 3k win yesterday.

Skeptix how much are you after if I add the extra two events? I don't have a maximum cap this time, it's whatever you're comfortable investing.

Also, if you've already pledged to buy shares, let me know if you have any objection to me adding the two additional events (it'll change the share price to about $70-something) and simply altering your share percentage to match the dollars you have already pledged (eg. your 1% share may become 0.8% or whatever and you pay the amount pledged and I add the two new events to the stake)

Also, still awaiting confirmation for Hustlr to hold the escrowed stake money, if you could please post your Stars and Full Tilt account info so that people can start paying for their shares that would be great.
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Old Jul 22, 2008, 7:44am   #10
CMBurns
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Quote:
Originally Posted by SwoopAE View Post
Also, if you've already pledged to buy shares, let me know if you have any objection to me adding the two additional events (it'll change the share price to about $70-something) and simply altering your share percentage to match the dollars you have already pledged (eg. your 1% share may become 0.8% or whatever and you pay the amount pledged and I add the two new events to the stake)
It's ok for me, if you play two additional events. Even for a 1%=~70$ prive i'll stay with 2%.
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CMBurns hast du noch einen Termin frei, nachdem du Phill Ivey gecoached hast?
Ich will auch so eine Art Chuck Norris im Onlinepoker werden.
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