Druff, thanks for offering this to us. I am very interested to participate. I find the arrangements a little unnecessarily complex - variable markups, some events blacked out, variable percents being sold etc. I think you have said many many times that you will not take a gamble without having an edge - that is wise advice. I suspect you believe you have an edge in these tournaments. If I am to invest, I would like to understand the edge I have to make it worthwhile. Without understanding my edge, it is hard to decide to invest. I was wondering if you could address two specific questions:
1) What is the explanation for blacking out two events? (where you are not selling any percentage) - At first glance, it seems you are pulling out the events where you have the greatest edge based on previous results. Of course you can do this, but then this affects the edge on the remaining events which an investor has to consider.
2) What is the edge that you believe you have and please justify it briefly with facts so we can make an informed investment / gamble. I suspect the edge you have is one or both of the following. Either you cash more often than the average player, or you cash for larger amounts than the average cash.
So for 2), I think something like this would be in order.
"I have enter XX events in my lifetime and I have cashed 13 times (comment: very impressive, sir) which you can verify on Hendon Mod at:http://pokerdb.thehendonmob.com/player.php?a=r&n=44406 This means I cashed 20% more often than the average and that explains the 20% premium on face value (or whatever it is) that I am asking for. Also when I cash, the amount I cash is 20 percent more than average so that is why I am asking for 20% premium on face value. My advice is if you want to gamble it up a bit, buy a lot on an event where I am more likely to cash based on my past results such as the low buy-in NL events or the higher buy-in Limit events. On the other hand, if you want to pretty much have the same risk that I have, buy a fixed percent of all my action - except of course the action I am not sharing with anyone - which you have to factor into your thinking because I most certainly have."
I suggest you make the premium / discount on face value the same for all events and not different. Making it different makes it unnecessarily complicated. I also suggest you sell off the same percentage - whether 40% or 50% of all events you sell. I also suggest you include all events and not black out any. I also suggest you offer a package which is based on 1% of your entire action you are selling off. By my calculation it is $263 to buy 1% for the series, of course minus the blacked out events. It would be about $500 if you include the blacked out event which I suggest you do.
I begin with I am inclined to buy a piece. I just can't understand the value at the moment. As it stands now, I find it too complicated to make an informed choice, so this is getting in my way. Perhaps others feel the same - I don't know. I hope you can provide some more information and perhaps simplify and make your offer more comprehensive.
Thanks.
