Be A Part Of The Wpt Championship

[flyingdonkey 0]

Anyone?

Sure

[ajs510 122]

No offense inteded to Justin, whose game I have a lot of respect for, but does anyone else remember when it was a banworthy offense to try and sell shares of yourself on the forums?http://www.fullcontactpoker.com/poker-foru...showtopic=44306andhttp://www.fullcontactpoker.com/poker-foru...showtopic=44206Just to be clear, I'm not comparing Looshle to Teneight by any stretch, I just found the trip through memory lane amusing.

[mx957 0]

Yeah, ummmm teneight got banned for much worse than selling shares of himself. He broke every rule in the book at least twice, then flooded the board with garbage and profanity.

[ajs510 122]

Yeah, ummmm teneight got banned for much worse than selling shares of himself. He broke every rule in the book at least twice, then flooded the board with garbage and profanity.

You don't have to tell me that Teneight was a worthless assbag. I KNOW Teneight was a worthless assbag.

[MikeJohnson724 0]

I was thinking the same thing ajs. I guess it just shows, money is power.

[ajs510 122]

I was thinking the same thing ajs. I guess it just shows, money is power.

That, and Justin is a respected forum member, whereas Scion-boy was just a cancer that everyone and their mother wanted to see gone, meaning his infractions got a lot more attention.

[MikeJohnson724 0]

Yes, That is a good point, he is a well-respected forum member. You can see how rules change depending where/who you are in society.

[makeyourself 0]

..um sorry do you have any idea where he is atm/ if he is still in?i looked online (pokerwire and cardplayer) and couldn't see. am i missing something?

[makeyourself 0]

..um sorry do you have any idea where he is atm/ if he is still in?i looked online (pokerwire and cardplayer) and couldn't see. am i missing something?

[ajs510 122]

..um sorry do you have any idea where he is atm/ if he is still in?i looked online (pokerwire and cardplayer) and couldn't see. am i missing something?

Busto.

[flyingdonkey 0]

..um sorry do you have any idea where he is atm/ if he is still in?i looked online (pokerwire and cardplayer) and couldn't see. am i missing something?

He's out...

[Scanner313 0]

yea because I'm sure 1250 means a lot to him. We're all suckers.

Here's some math for you all...Let's assume Looshle has as good a chance as any other entrant to win this thing. With 639 players entering, he has a 1 in 639 chance of winning.Now, he's selling .1% blocks of himself for $25. .1% of the 1st prize payout ($3,970,000) is $3970. A return on your money of 159 to 1.So your odds of winning 1st prize money are 639 to 1, with a payout of 159 to 1. And that's PRE-TAX! Anyone up for some Keno?The only one who's not a sucker in this deal is Looshle.

[FoxwoodsPro 0]

Here's some math for you all...Let's assume Looshle has as good a chance as any other entrant to win this thing. With 639 players entering, he has a 1 in 639 chance of winning.Now, he's selling .1% blocks of himself for $25. .1% of the 1st prize payout ($3,970,000) is $3970. A return on your money of 159 to 1.So your odds of winning 1st prize money are 639 to 1, with a payout of 159 to 1. And that's PRE-TAX! Anyone up for some Keno?The only one who's not a sucker in this deal is Looshle.

nh

[Scanner313 0]

And don't get me wrong Looshle, I know you based the cost of a block on the buy-in. I was just making a point that the return didn't justify the cost. But when you enter a poker tourney, the odds never do add up.I certainly didn't mean to make it look as if you were scamming anyone. Your return odds were the same as everyone who took a piece of you.

[DoinSublime 0]

Here's some math for you all...Let's assume Looshle has as good a chance as any other entrant to win this thing. With 639 players entering, he has a 1 in 639 chance of winning.Now, he's selling .1% blocks of himself for $25. .1% of the 1st prize payout ($3,970,000) is $3970. A return on your money of 159 to 1.So your odds of winning 1st prize money are 639 to 1, with a payout of 159 to 1. And that's PRE-TAX! Anyone up for some Keno?The only one who's not a sucker in this deal is Looshle.

And this is where your math is wrong.Do you see why?Good Luck.

[Scanner313 0]

And this is where your math is wrong.Do you see why?Good Luck.

No, please enlighten me. Are you saying that Looshle has a better than average chance of winning with almost every top pro in the world in this tourney? Or are you saying he has a less than average chance of winning?And with everyone starting from the same point, what a horrible assumption it would be to say he's got as much of a chance as everyone else. What was I thinking?

[TB17 0]

Here's some math for you all...Let's assume Looshle has as good a chance as any other entrant to win this thing. With 639 players entering, he has a 1 in 639 chance of winning.Now, he's selling .1% blocks of himself for $25. .1% of the 1st prize payout ($3,970,000) is $3970. A return on your money of 159 to 1.So your odds of winning 1st prize money are 639 to 1, with a payout of 159 to 1. And that's PRE-TAX! Anyone up for some Keno?The only one who's not a sucker in this deal is Looshle.

yea, too bad it's not 159 to 1 that we'll get any money at all. Making your post irrelevant. Did you stop and think of the fact that if he gets 2nd, 36th, 45th, 99th, that it's a good deal for us?Anybody for some intelligence?

[Zach6668 513]

Anybody for some intelligence?

This is the General forum.

[TB17 0]

This is the General forum.

touché salesman

[Scanner313 0]

yea, too bad it's not 159 to 1 that we'll get any money at all. Making your post irrelevant. Did you stop and think of the fact that if he gets 2nd, 36th, 45th, 99th, that it's a good deal for us?Anybody for some intelligence?

Way to completely miss the point. I was stating that the payout odds in a tournament are never favorable. Paying anything more than 1st place drains the odds away from the winners payout vs. their buy-in. I never said that you might not get a return on your investment, only that it will never be as great as the odds of Looshle getting to wherever he finishes (cashing or not).So keep asking for intelligence, maybe somebody will lend you some.

[makeyourself 0]

no offence, but if he was to get the 'odds of him winning' as you say then there would only be one prize.. first.no poker tournament gives you the odds like that for first, (unless its a winner take all)... i thought you woulda realised that.um if he has the same chance as everybody else finished 1st or last it is not + or - ev...its like saying 'if you give me a dollar. roll this dice and if it is a 6 i will give you 6 dollar'. its not point over the long run?if there were 1000 runners and he played it 1000 times and finished in every position he would nither win or lose anything. (except for the rake).

[Scanner313 0]

no offence, but if he was to get the 'odds of him winning' as you say then there would only be one prize.. first.no poker tournament gives you the odds like that for first, (unless its a winner take all)... i thought you woulda realised that.

Post #114. Yeah, I thought I woulda realised that too.Would anyone else like to make a comment that completely misses the point of my original post?

[makeyourself 0]

see edited above once i read your reply post

[TB17 0]

Way to completely miss the point. I was stating that the payout odds in a tournament are never favorable. Paying anything more than 1st place drains the odds away from the winners payout vs. their buy-in. I never said that you might not get a return on your investment, only that it will never be as great as the odds of Looshle getting to wherever he finishes (cashing or not).So keep asking for intelligence, maybe somebody will lend you some.

Looking at it individually it's not favourable, when you look at it together, it becomes a pretty good deal, even if the payout compared to the buyin isn't in your favour.Why would anyone stake 50% in a WSOP main event? I mean last year Cripsin Leyser should've gotten more than 6, 000,000, since by your logic he only got about 120 to 1 on his money since Jamie Gold got 1st. Of course the odds were about 1 in 8500, so that must mean it's a terrible terrible deal, right?We're not playing Keno here, it's an investment, where few people get a small income back, and fewer get the big payday. We're not playing the lottery, we odn't have to get the right number. Therefore all your odds are useless.

[Scanner313 0]

OK, just to set the record straight here...I was NOT trying to berate anyone here for taking a stake in Looshle at the WPT Championship. I was merely commenting on how the payout odds didn't justify the risk. This is true for ALL tournaments when everyone has an equal chance of winning. You can argue that Looshle has a better than average chance of winning, maybe he does. But tournaments NEVER pay out equitably, and never will. It's the way it goes.I will apologize if I offended anyone with my comment about Looshle being the only one who was not a sucker in the deal. It was intended as a joke, because I fully realized that his odds of getting paid were the exact same as your odds of getting paid. But when only he has control over how he does, I was simply equating it to buying a Keno ticket where the payouts aren't even close to the odds of hitting your numbers. That's all.