*** Official *** Buy a Piece of China in the WSOP Thread
I decided to offer this here before I launch a thread on partimepoker or 2+2 and give this portion of the poker community first shot @ buying action because you guys have supported me in these events in the past and would like to give you guys first shot at the action. I expect to sell out but if I don't then I will cross post this on 2 other forums.
This BAP (Buy a Piece) will be for 2 Limit events and some cash games.
This will be my 3rd WSOP and for the amount of limit events I played (5) I have had some success and made the final 2 tables in 2 events with 12th and 15th place finishes.
http://www.bluffmagazine.com/players...er-profile.asp
The other 3 events I played in I did pretty well but did not cash. The $2500 6 max last year I held the chip lead after day 1 and ran stone cold on day 2 and bubbled. My first event I played in 2010 I finished 3 off the money and went out in the mixed hold em late in day 1 with AA vs KK all in preflop.
Plans for the trip
Will be arriving in around the 20th and will cover all of my food/meals/ air fare etc. and will be staying for roughly a week and backers are not responsible for any of this.
Events and cash games I will be playing - TOTAL $10,000
I will be playing 2 events which could run 3 days a piece but if I bust or if I see any juicy cash games during off time I will play some cash.
1. Thu, Jun 21st Event #40: Limit Hold'em / Six-Handed $2500 Buyin
2. Tue, Jun 26th Event #48: Limit Hold'em Ring $3000 Buyin
3. 15-30 Limit, 20-40 Limit, 30-60 Limit live ring cash games. I will game select accordingly and play in the best games. if the games are bad I will get up and leave. Also will play the IGT HEADS UP Limit Machine no higher than 10-20. $4500 in buyins
Backer Cut and My cut
Backer cut is 65 % after stake is paid back and my cut is 35 % after stake is paid back for everything combined with no makeup. Last 2 years I have done 70-30 going to the backer but it was just for the events. This year I am adding in cash games where I feel I have a pretty good edge and I feel should increase the bankroll about 70% of the time.
Example of how the cut works
Whatever is left over @ the end of the trip will combined and divided up accordingly. If I miss an event for any reason the money will be added into the bankroll and could be used for cash games or will just be added back in. I don't expect to miss either event though.
If you were to buy all 10k and the ending bankroll wound up @ 30k you would be paid back your 10k which would leave us with 20k which you would receive 13k in profit (+ your 10k back)
If you bought 1k of the 10k you would receive 1300 in profit (+ your 1k back)
If you bought 100 of the 10k you would receive 130 in profit (+ your 100 back)
Shares and payment methods Shares will be sold @ $100 a share and you can buy anywhere from 1 to 100. Post in this thread the amount of shares you would like and when I say booked you are booked. I will be checking the thread periodically and it is first come first serve.
I will accept payments any of the following ways
1. BOA Transfer
2. Tdbank Deposit
3. Wire to Tdbank
4. Carbon or BCP xfer
5. Paypal as gift
6. Personal Check
7. Stars ( I will find a buddy to take this for me)
Rail Updates
I will be updating on twitter https://twitter.com/#!/Fantasydraftnet which may be built into a feed on vegaspokerradio. Possibly blogging here and Vegaspokerradio time permitting
Taxes- For tax purposes any major score and I will either withhold 25 % or I can get your tax ID # and ship you the form. Choice is yours
