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Old Mar 24, 2011, 6:46pm   #1
SwoopAE
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Default WSOP ME: what markup should i sell at?

So i'm going to play the WSOP ME this year and probably sell around 50-60% or so on 2+2 (and here if anyone wants some shares; i'll do it at smaller markup to anyone i'm friends with)

Question is, what markup do you think is reasonable for my investors, will maximise value for me while still being a solid deal for them and selling without any problems?

Interested in hearing what people have to say about it. I've often sold my packages at 1.05 or so here with decent results (I think 4 of my 7 packages have been profitable from memory). I'm a dual aus/us citizen, will play on US passport so no tax witholding.

I have references both here and on 2+2 so that shouldnt be a problem.

Some of my live results (not all of them are tracked)

10k history - played AM main event in 2008 and 2010; bubbled (KK<set 35bb eff and then AQ<66 for last 10bb) in 08 and busted late on day 2 in '10 due to being card dead and then reshoving and losing a 40/60.

http://pokerdb.thehendonmob.com/player.php?a=r&n=163837
http://pokerdb.thehendonmob.com/player.php?a=r&n=103999

Online MTT results

http://officialpokerrankings.com/ful...4F2CB.html?t=2

Breakeven at stars over much smaller sample; +15k or so on UB from ages back over small sample, probably +1-2k on cake and other minor networks that i've dabbled on

What i'm after more than anything is some independent analysis of what i'm worth in the WSOP ME. I may also include the WSOP 1500 and 2500 PLO to add some value for investors but will probably sell a small share of those seperately if I sell any action at all in them.

I've been told 1.1, 1.15, 1.2 and 1.25 by various sources; i'm thinking 1.15 is fair, huge value for investors in such a soft tourney; maybe i'm selling myself short and I should try to sell at 1.2? I'm really not sure. Obviously i'll sell at 1.1 or so to friends but that'll be arranged privately; i'll probably sell half publicly, then sell small pieces privately and then have the rest myself.

Worth noting is that 1.04-1.05 or so is probably the breakeven point for me since i'll have to exchange 10k AUD into USD so i'm not really charging markup up to that point and profiting from it. I'll probably have about 30% of my own action.

If anyone who doesn't know me well (some germans maybe if BB or Garso could ask them?) could comment that'd be great since a lot of the people i'm selling to will consider me a random but with good references. It'll be the first time i've publicly sold action on a 10k event (did it privately for AM in '10 mostly to one guy, and had 100% of myself in 08 as I satellited in)
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