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Heading To Vegas For Poker Next Weekend, Selling $25 Shares

Discussion in 'BlackHat Lounge' started by jedediahd, Jun 7, 2009.

  1. jedediahd

    jedediahd Junior Member

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    I know this is a long shot but figured I would toss a post up on here. I am heading to Vegas to play in some poker tournaments next weekend. I know this is a long shot, but I posted other places with positive response, so I figured I would try here as well. I am a 25 year old part time IM'er and I guess you could say semi-pro poker player (I play about 30+ hours a week usually), my birthday is wendsday, I will be 26 and I am heading to vegas to play poker for a few days. I have been playing poker for about 3 years seriously, and have had good success. Since being laid off from my job in December 2008 I have made my living by working about 10-12 hours a week doing IM, and the rest by polaying poker. I excel in No Limit Hold Em, and Omaha hi/lo Deep Stack style tournaments, which the tournaments I am looking to play are. I do not play much online, and much prefer the live tournaments, which I have played over 50 of this year, and exhibit about a 22-30% return on investment in live Deep Stack play. I feel I am only getting better, and it is just a matter of running goof to peel off a first place in once of these for $10k. I do have my own poker bankroll, and will be using that to play cash games, however there are a few tournaments I want to play in that total up to $635 and I will be covering a portion of this, but I would like to also sell some shares of myself. I will be selling shares at $25 a piece, and you as the backer will get a 55% profit share, with me taking the other 45%

    Basically how this works is $25 buys you one share, and there are 26 shares total (had to round up) so one share puts you in for 3.9% of the buy in. This would then entitle you to 55% of 3.9% of the profit. For example, say you bought 4 shares at $100, you now have 15.4% of my action, so say the ending bankroll for the tournaments is $7500, you would be entitle to 55% of 15.4% of that action minus your original stake (which is re-payed before profit is calculated), so you would get your original $100 PLUS an additional $264.

    Like I said, I know this is a long shot but figured I would try and see, if your not interested in staking me at least throw a good luck my way lol. If you happen to be in vegas next weekend say hi on the thread and lets meet for a drink! If anyone has any questions about anything please feel free to post or PM me, if you are interested in this, I can take and pay through paypal.

    I forgot to mention, I would also set up a twitter account specifically for this so that you can follow my progress at all times during the tournament!
     
  2. blanko

    blanko Power Member

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    Sure, I want 20 shares!
     
  3. LHaskins

    LHaskins Regular Member

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    Nice Idea, but there is no way for anyone to verify how much you win or lose. You could win

    the $7500 and come back and say "Sorry, I lost everything" LOL

    But it costs me nothing wish you GOOD LUCK. Hope you make a stack :)
     
  4. jedediahd

    jedediahd Junior Member

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    alpha gentleman, like I said, I will be using my bankroll as well, these are extra tournaments I am looking to play, not looking to scam anyone. This is very common in the poker world, its all good if your not interested, no need to make me sound like a scammer though. Selling shares of ones self helps reduce variance, and enables a player to higher limits, or in my case more tournaments.


    And unless your "I want 20 shares" post is serious I believe that counts as a uselss post, which people have been being banned for around here lately. I am not asking for a ton of money here, in fact, I am not asking for money at all, I am offering a mutual beneficial investment.
     
  5. Moto801

    Moto801 Senior Member

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    I'm actually going to vegas this friday for a week... are you going to be playing in any of the WSOP events going on right now?
     
  6. berrycorp

    berrycorp Guest

    umm u are not that big a brand that somebody would invest.. nobody would invest in a brand that is not known...

    and when u are a brand everybody would wanna invest but u wont need investments.. thats how things are in life... get used to them!
     
  7. wiredmom

    wiredmom Executive VIP Premium Member

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    Actually - he's right. This happens all the time. You don't have to be a big name or a brand. You just have to have good game. If he played online it would be easy enough to provide the online site + username and then you can check his stats out to see how good his game is. Since he only plays offline - its a crapshoot for us whether its true or not.
    If its WSOP tourneys - which is whats going on right now - the results are all tracked. So if anyone wanted to take him up on this I'd assume they would get verifiable info - name, address, phone number etc., That way they can track his progress on any wsop tourney.

    Anyhoo. No need to slam the guy. He's not asking for your typical kind of handout. Just a ..JV of sorts :)

    Good luck dude :) Wish I was there!