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Old 03-07-2012, 12:00 PM   #1931
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Default Re: Drew Dumanski YuMs

Regardless of all that, I want details on how much 1% is. I am expecting Drew to be a millionaire when this is all done.
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Old 03-07-2012, 12:07 PM   #1932
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Default Re: Drew Dumanski YuMs

Quote:
Originally Posted by jrj8541 View Post
Shouldn't backers be paid back first?

300k winnings - 18k backers = 282k profit *.3 *.1 = 8460 stake of winnings
+ 1800 investment repaid
= $ 10260
you're correct.
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Old 03-07-2012, 01:21 PM   #1933
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Default Re: Drew Dumanski YuMs

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Originally Posted by JonasDash View Post
you're correct.
this is wrong

this will make it easy. for choctaw, the main event i sold at 1.15 which was 2 bullets at 1620 each. 3240*1.15=3700 rounded down

1% costed 37$

i ended up selling 60%

i cashed for ~21k

so if you brought 1% you would get 210$


backers dont get paid first before i do, its all even.

for vegas im playing about 55k worth of event, say you buy 1%. and i cash for a total for 30k. thats including refund. then you should get back 1% of 30k
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Old 03-07-2012, 01:34 PM   #1934
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Default Re: Drew Dumanski YuMs

so, maybe I was right to begin with... *shrug*
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Old 03-07-2012, 01:37 PM   #1935
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Default Re: Drew Dumanski YuMs

Quote:
Originally Posted by DSqUaReD View Post
for vegas im playing about 55k worth of event, say you buy 1%. and i cash for a total for 30k. thats including refund. then you should get back 1% of 30k
still seems like a great deal, considering the run you've put together in the last 6 months.

if I had the $ I'd be happy with you as my horse for a few %

gl man
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Old 03-07-2012, 01:40 PM   #1936
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Default Re: Drew Dumanski YuMs

So you are charging 1.2% of your total entry fees for a 1% stake? Shouldn't the one risking their money be at an advantage and not you?
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Old 03-07-2012, 01:43 PM   #1937
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Default Re: Drew Dumanski YuMs

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So you are charging 1.2% of your total entry fees for a 1% stake? Shouldn't the one risking their money be at an advantage and not you?
Tobey's on the case! You're not gonna get his jewgold that easy Drew!
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Old 03-07-2012, 01:56 PM   #1938
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Default Re: Drew Dumanski YuMs

Doesn't make sense that the stakers don't get paid first.

If you sell 100% of your buyins (let's pretend it is 100k for round numbers) and cash out 100k, I think it's fair to expect the person staking you to break even. In your example you are saying you are going to make money and other people are going to lose money if you cash out 100k.
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Old 03-07-2012, 04:27 PM   #1939
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Default Re: Drew Dumanski YuMs

Quote:
Originally Posted by Tobey View Post
So you are charging 1.2% of your total entry fees for a 1% stake? Shouldn't the one risking their money be at an advantage and not you?
well since my roi in theses events are higher than 20%, it makes it not worth it for me to sell at less than that. selling just helps reduce variance for me. while also making other people money


Quote:
Originally Posted by jrj8541 View Post
Doesn't make sense that the stakers don't get paid first.

If you sell 100% of your buyins (let's pretend it is 100k for round numbers) and cash out 100k, I think it's fair to expect the person staking you to break even. In your example you are saying you are going to make money and other people are going to lose money if you cash out 100k.

if i sold 100%, then im making money and just have to bust. you wouldnt want to buy someone who is doing that.
like if my package is 100k, and im selling at 1.2
so 120k total for 1% whould be 1200.
now if i sold 100% i would make 20k and just have to make sure i dont cash in any event. but when people sell packages they dont sell 100%. no one would buy it if they did.

im selling 50-60% of my series this summer. so im still putting up 40-50% for my half. so my half will cost a little cheaper since of mark up. but why would i pay people who brought a % first before me when im also putting up money?
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Old 03-07-2012, 04:32 PM   #1940
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Default Re: Drew Dumanski YuMs

here is my package

https://docs.google.com/spreadsheet/...2al9jTGc#gid=0

basically if you buy 1%, you will get 1% of total cashes, also refund
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