nbliss16 0 Posted June 8, 2005 Share Posted June 8, 2005 I wanted to post on here that I am currently selling stakes of myself in the Main Event at the World Series of Poker. I have been gathering information about how to go about this but here goes:For example, say I were to finish 660th in the main event, which wins appox. $15,500, a person buying a $50 stake in me would get .005% ($50 is .005$ of the total $10,000 buy in) of that $15,000, or about $77.50. Which isn’t a lot. But say that I got 1st, a $50 would get .005% of 7.444 million dollars, or about $37,220. Not to bad a return on a $50 investment. Anywhere in the top 9 gets a guaranteed 1,000,000 payout, so a $50 investment on me getting 9th would get a $5,000 return. But, if I don't finish in the top 660, an investor would of course get nothing. There is a link at pokerpages.com to the Exact Payout structure, but I haven't seen it in a few days. But for every $50 investment gets you .005% of the action. So its easy to calculate the return after that. The backer would be responsible for any taxes on their winnings. I have an agreement form typed out on Microsoft word that will be singed by me and mailed to anyone buying a stake for legal purposes and will serve as a receipt.Stakes will be given in $50 increments (I am trying to sell up to 75% of the action, or $7500 worth) and you can buy any amount in a $50 increment. I am doing this to help pay for my wedding in August and Help pay for my school this next semester. To give you some information about me as a player, I plan on playing a main event style similar to Glenn Hughes played last year or how TJ Cloutier plays or suggest to play. I have won 4 tournaments online in the last year (largest field of appox. 650). I also have several money finished. But then again, who doesn't? Take all that for what you will. haha.If you would like more information, or would like to back me, you can send me an AOL Instant message or MSN Instant message (both links are in my user profile here on Full Contact). Or email me at nathan.bliss@ttu.edu. Serious Inquiries only. Payments will only be accepted via Neteller or Paypal. Thanks for your time. nbliss16ps - I hope you guys don't make fun of me to much for this, but it is serious. $50 isn't a lot, but it sure would help me out ALOT right now. Paying for college on your own is tough. Of course you can back me for more then $50! Don't forget that... Link to post Share on other sites
jooka 0 Posted June 8, 2005 Share Posted June 8, 2005 so an hour after you apologize for being a dick to most of the community you ask for money, lol. gl. Link to post Share on other sites
Ridik 0 Posted June 8, 2005 Share Posted June 8, 2005 lets just say you sell 100% of your buy inthen you win moneyyou dont get anythingjust playing :evil: 's advocate Link to post Share on other sites
Ridik 0 Posted June 8, 2005 Share Posted June 8, 2005 any profit i meanyou get your buy inwhoop de doo Link to post Share on other sites
Mattnxtc 0 Posted June 8, 2005 Share Posted June 8, 2005 this is the same guy who has been in a slump/tilt for 3 months right? your first mistake may have been admitting that. Whose gonna stake a guy whose on a slump? Link to post Share on other sites
BeanGW 0 Posted June 8, 2005 Share Posted June 8, 2005 I am doing this to help pay for my wedding in August and Help pay for my school this next semester. No offense, but you are a complete moron. Besides, I thought the father of the bride pays for the WSOP entry... Personally, and hey this is just me, I've got better things to do with $50 than throw it out the window. Good luck with getting the stakes though... Link to post Share on other sites
nbliss16 0 Posted June 8, 2005 Author Share Posted June 8, 2005 i expected this. Thats ok. just sending out some feelers guys, see if anyone wants a piece. Nothing more then that. Not trying to offend you guys. Don't think that makes me a moron. Just seeing if anyone might want a shot. I could use the money so I can go to school this fall.I am sorry if I offended you. Link to post Share on other sites
snowmannn 0 Posted June 8, 2005 Share Posted June 8, 2005 If you need the money, why are you blowing 10k on the tourney to begin with?I assume you must have won the seat in a qualifier. If not, you are stupider than I thought. Link to post Share on other sites
nbliss16 0 Posted June 8, 2005 Author Share Posted June 8, 2005 If you need the money, why are you blowing 10k on the tourney to begin with?I assume you must have won the seat in a qualifier. If not, you are stupider than I thought.Oh no I qualifed online. Won my buy in on Royal Vegas.Sorry for not mentioning that. Link to post Share on other sites
FrostyMcNugget 0 Posted June 8, 2005 Share Posted June 8, 2005 I'm sorry, but is this a joke?? Link to post Share on other sites
BeanGW 0 Posted June 8, 2005 Share Posted June 8, 2005 Oh no I qualifed online. Won my buy in on Royal Vegas.Sorry for not mentioning that.See... now that changes things. If you've already won your buy-in, then actually makes a little bit of sense. So basically, you are selling portions of your stakes in an event you've already won entry to. So you really have nothing to lose by doing this, and all the money you get from the FCP crew would be going toward school or the wedding and not toward actually paying your entry fee.Gotcha. I hereby withdraw my comment about you being a moron. That's actually not a bad idea at all. Still not gonna stake you myself, but not a bad idea. Link to post Share on other sites
MilesZS 0 Posted June 8, 2005 Share Posted June 8, 2005 How about instead of staking him, someone show him how to get a job. The odds are a bit better that he'll make money, and you can just agree to take like, 10% of his earnings each week as a finders fee. Link to post Share on other sites
T0xic 0 Posted June 8, 2005 Share Posted June 8, 2005 I'll help him with his resume. Does that get me 0.005% of his pay? Link to post Share on other sites
wisky_VI 0 Posted June 8, 2005 Share Posted June 8, 2005 perfect timing, I just bought my daughter Monopoly so I have plenty of money for ya ! Link to post Share on other sites
ckbandit 0 Posted June 8, 2005 Share Posted June 8, 2005 A couple of weeks ago, some guy on e-bay was trying to get 100 people to stake him for a $100 each for his buy in. Although you already have your seat, I'm afraid you and this guy share the similar fate (zero takers). Good luck though. Maybe you'll place high in the $$ and we'll all be wishing we staked you. Unlikely, but possible nonetheless. Link to post Share on other sites
Scanner313 0 Posted June 8, 2005 Share Posted June 8, 2005 Stakes will be given in $50 increments (I am trying to sell up to 75% of the action, or $7500 worth) and you can buy any amount in a $50 increment. I am doing this to help pay for my wedding in August and Help pay for my school this next semester.So if you manage to get 75% of the entry fee, that leaves you with 25% and a potential prize cut of about 2 million dollars.My question is, if you should somehow miraculously win the main event (and the $2 mil) are you going to dump the fiance and quit school? Link to post Share on other sites
Guest Anonymous Posted June 8, 2005 Share Posted June 8, 2005 I'm sorry, but is this a joke??Jopke. Link to post Share on other sites
Don Giovanni 0 Posted June 8, 2005 Share Posted June 8, 2005 get a job fool. no ones gonna stake you. Link to post Share on other sites
Scanner313 0 Posted June 8, 2005 Share Posted June 8, 2005 Since you're doing this to raise money from the sale of stake %, why not just go on E-bay and sell the entry for $9k or something like that? It's a 10% reduction in the price so somone will buy it.I guess your need to actually play in the main event is too strong, huh? I can't blame you, it would be for me too. Link to post Share on other sites
PMJackson21 0 Posted June 8, 2005 Share Posted June 8, 2005 Since you're doing this to raise money from the sale of stake %, why not just go on E-bay and sell the entry for $9k or something like that? It's a 10% reduction in the price so somone will buy it.I guess your need to actually play in the main event is too strong, huh? I can't blame you, it would be for me too.Most sites won't allow you to sell the first seat you win at their site. No clue about Royal Vegas, but none of the main OPRs (Stars, Party, UB, etc) would allow you to sell your seat on ebay.Patrick Link to post Share on other sites
JacKingOff_suit 0 Posted June 8, 2005 Share Posted June 8, 2005 I wanted to post on here that I am currently selling stakes of myself in the Main Event at the World Series of Poker. I have been gathering information about how to go about this but here goes:For example, say I were to finish 660th in the main event, which wins appox. $15,500, a person buying a $50 stake in me would get .005% ($50 is .005$ of the total $10,000 buy in) of that $15,000, or about $77.50. Which isn’t a lot. But say that I got 1st, a $50 would get .005% of 7.444 million dollars, or about $37,220. Not to bad a return on a $50 investment. Anywhere in the top 9 gets a guaranteed 1,000,000 payout, so a $50 investment on me getting 9th would get a $5,000 return. But, if I don't finish in the top 660, an investor would of course get nothing. There is a link at pokerpages.com to the Exact Payout structure, but I haven't seen it in a few days. But for every $50 investment gets you .005% of the action. So its easy to calculate the return after that. The backer would be responsible for any taxes on their winnings. I have an agreement form typed out on Microsoft word that will be singed by me and mailed to anyone buying a stake for legal purposes and will serve as a receipt.Stakes will be given in $50 increments (I am trying to sell up to 75% of the action, or $7500 worth) and you can buy any amount in a $50 increment. I am doing this to help pay for my wedding in August and Help pay for my school this next semester. To give you some information about me as a player, I plan on playing a main event style similar to Glenn Hughes played last year or how TJ Cloutier plays or suggest to play. I have won 4 tournaments online in the last year (largest field of appox. 650). I also have several money finished. But then again, who doesn't? Take all that for what you will. haha.If you would like more information, or would like to back me, you can send me an AOL Instant message or MSN Instant message (both links are in my user profile here on Full Contact). Or email me at nathan.bliss@ttu.edu. Serious Inquiries only. Payments will only be accepted via Neteller or Paypal. Thanks for your time. nbliss16ps - I hope you guys don't make fun of me to much for this, but it is serious. $50 isn't a lot, but it sure would help me out ALOT right now. Paying for college on your own is tough. Of course you can back me for more then $50! Don't forget that...Sorry I don't mean to offend you, but for a nonamer like you do you really actually think people will really stake you without any additional gain?I mean your offer is really bad. If I want to stake someone, why don't I stake some better known players instead (again this is not personal to you).Now if you give a condition such that if someone stake you say $100, you will be willing to give away 10% to 20% of your winning, then there will probably be a very slim chance of some risk-takers. But I still won't do it! Again this is not personal, it just seems like a very bad investment to me. Link to post Share on other sites
vgsgeek 0 Posted June 8, 2005 Share Posted June 8, 2005 Stakes will be given in $50 increments (I am trying to sell up to 75% of the action, or $7500 worth) and you can buy any amount in a $50 increment. I am doing this to help pay for my wedding in August and Help pay for my school this next semester.So if you manage to get 75% of the entry fee, that leaves you with 25% and a potential prize cut of about 2 million dollars.My question is, if you should somehow miraculously win the main event (and the $2 mil) are you going to dump the fiance and quit school? Actually, if he wins the whole thing, he'll spend the 2 million on taxes anyway... Hey, actually, he'd probably be in the hole for more than that. How funny would that be? Pay everybody their portion and end up broke for winning roughly 10 million. Hell, I almost want to buy in just to see how that all pans out.... or, I'll put the $50 towards a satelite instead. Link to post Share on other sites
PMJackson21 0 Posted June 8, 2005 Share Posted June 8, 2005 Stakes will be given in $50 increments (I am trying to sell up to 75% of the action, or $7500 worth) and you can buy any amount in a $50 increment. I am doing this to help pay for my wedding in August and Help pay for my school this next semester.So if you manage to get 75% of the entry fee, that leaves you with 25% and a potential prize cut of about 2 million dollars.My question is, if you should somehow miraculously win the main event (and the $2 mil) are you going to dump the fiance and quit school? Actually, if he wins the whole thing, he'll spend the 2 million on taxes anyway... Hey, actually, he'd probably be in the hole for more than that. How funny would that be? Pay everybody their portion and end up broke for winning roughly 10 million. Hell, I almost want to buy in just to see how that all pans out.... or, I'll put the $50 towards a satelite instead.Any potential backers would not be paid until _after_ taxes, so he wouldn't have that taken out of his cut alone. GambleAB did this prior to the WSOPC AC on RGP, plenty of people flamed him, and the people that did buy a % of him ended up with a nice profit when he made the final table. However, Aaron had already established himself as a force online. Good luck to the original poster - hope you get enough takers that you get the money it sounds like you so desperately need. I would gladly buy a % just to help you out, but that could lead to an ethical dilemna if we ended up deep in the tournament at the same table.Patrick Link to post Share on other sites
Pupsta 0 Posted June 8, 2005 Share Posted June 8, 2005 I don't see why everyone's flaming him...i think it's a good idea, and if i win a seat, i'll probably be posting the same post here. i'm sure he'll get a couple of takers...it's a nice way to feel like you're getting to play at the WSOP for $50. GL with it. Link to post Share on other sites
NicksDad1970 0 Posted June 8, 2005 Share Posted June 8, 2005 I wanted to post on here that I am currently selling stakes of myself in the Main Event at the World Series of Poker. I have been gathering information about how to go about this but here goes:For example, say I were to finish 660th in the main event, which wins appox. $15,500, a person buying a $50 stake in me would get .005% ($50 is .005$ of the total $10,000 buy in) of that $15,000, or about $77.50. Which isn’t a lot. But say that I got 1st, a $50 would get .005% of 7.444 million dollars, or about $37,220. Not to bad a return on a $50 investment. Anywhere in the top 9 gets a guaranteed 1,000,000 payout, so a $50 investment on me getting 9th would get a $5,000 return. But, if I don't finish in the top 660, an investor would of course get nothing. There is a link at pokerpages.com to the Exact Payout structure, but I haven't seen it in a few days. But for every $50 investment gets you .005% of the action. So its easy to calculate the return after that. The backer would be responsible for any taxes on their winnings. I have an agreement form typed out on Microsoft word that will be singed by me and mailed to anyone buying a stake for legal purposes and will serve as a receipt.Stakes will be given in $50 increments (I am trying to sell up to 75% of the action, or $7500 worth) and you can buy any amount in a $50 increment. I am doing this to help pay for my wedding in August and Help pay for my school this next semester. To give you some information about me as a player, I plan on playing a main event style similar to Glenn Hughes played last year or how TJ Cloutier plays or suggest to play. I have won 4 tournaments online in the last year (largest field of appox. 650). I also have several money finished. But then again, who doesn't? Take all that for what you will. haha.If you would like more information, or would like to back me, you can send me an AOL Instant message or MSN Instant message (both links are in my user profile here on Full Contact). Or email me at nathan.bliss@ttu.edu. Serious Inquiries only. Payments will only be accepted via Neteller or Paypal. Thanks for your time. nbliss16ps - I hope you guys don't make fun of me to much for this, but it is serious. $50 isn't a lot, but it sure would help me out ALOT right now. Paying for college on your own is tough. Of course you can back me for more then $50! Don't forget that...Sorry I don't mean to offend you, but for a nonamer like you do you really actually think people will really stake you without any additional gain?I mean your offer is really bad. If I want to stake someone, why don't I stake some better known players instead (again this is not personal to you).Now if you give a condition such that if someone stake you say $100, you will be willing to give away 10% to 20% of your winning, then there will probably be a very slim chance of some risk-takers. But I still won't do it! Again this is not personal, it just seems like a very bad investment to me.It may still be a bad deal but for instance if I was to back TJ I'd put up 10k and probably get like 50% of him. This deal is giving back the same % you put in......So if I paid 50% of a pro and he/she won. I'd more than likely get back 25% of the prize money. But if I paid 50% of this person I'd get back 50% of the prize money. Link to post Share on other sites
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