Ebay Auctions
The five 1% stake auctions for the WSOP Circuit event in San Diego have about 18 more hours to go. All five of them have bids (thank you to all those that have bid so far), with the highest bid being $112.50. Figuring it out, if I were to raise the entire buy-in for the event with 1% auctions going at $112.50 I'd end up playing for just shy of 10% of myself, with backers taking 90%. Pretty sweat deal for a backer should I actually walk away from the tournament with something.
I honestly don't think that $204 per 1% share is bad for a backer. When I was staked for the Razz tournament where I took 2nd (and the WSOP main this year where I busted in the second day), the backing arrangement was for 50% of the net. I'd be surprised to see any of the auctions break $200, but you never can tell... Also really interested to see how the 25% auction + logo will turn out... that one still has a week left, and although it has a lot of people watching it, it hasn't yet received a bid. Crossing my fingers on that one...
I'm really trying to get a feel for whether eBay is not a bad way to front the cost of a pretty expensive WSOP. I figured out the buy-ins of all the WSOP tourneys I wanted to play in this year and it's over $100k. Not exactly an amount to shake a stick at, especially with the light bankroll I'm working on these days with the new business.
Thank you to everyone who's bid so far! I wish you all the best of everything in 2005 (unless you're at my table ;).
I honestly don't think that $204 per 1% share is bad for a backer. When I was staked for the Razz tournament where I took 2nd (and the WSOP main this year where I busted in the second day), the backing arrangement was for 50% of the net. I'd be surprised to see any of the auctions break $200, but you never can tell... Also really interested to see how the 25% auction + logo will turn out... that one still has a week left, and although it has a lot of people watching it, it hasn't yet received a bid. Crossing my fingers on that one...
I'm really trying to get a feel for whether eBay is not a bad way to front the cost of a pretty expensive WSOP. I figured out the buy-ins of all the WSOP tourneys I wanted to play in this year and it's over $100k. Not exactly an amount to shake a stick at, especially with the light bankroll I'm working on these days with the new business.
Thank you to everyone who's bid so far! I wish you all the best of everything in 2005 (unless you're at my table ;).
posted by Dutch Boyd at
19:23
3 Comments:
Dutch,
keep your fingers crossed, $2500 is alot, especially because since everyone's playing poker, it's hard for them to say they have more faith putting that money on someone else than themselves. But the way people are these days, money outweighs pride and they would rather say they "banked Dutch Boyd" so I don't think you're gonna have to worry about it. haha. How is rake free coming along?
Mike Smith
I think it's cool that Dutch is selling 1 percent stakes. Now poeple like me have a chance at helping out a great player, and hopefully making some money in the process. I just hope I win the auction :) Good luck Dutch Boyd!
Hey Dutch, not to get off topic, just wanted to know if you were thinking of picking up Doyle Brunson's new Poker book coming out in a few weeks and if it's recommended if you know? Thanks
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