Online Poker Forum at Full Tilt Poker

wwcd5215 · Posted: Sat Jan 19, 2008 2:22 am Post subject:

getting sucked out on and overplaying 44 was really the only thing that went wrong tonight

CompleteDonk · Posted: Sat Jan 19, 2008 2:07 pm Post subject:

Bump. This'll be played tonight at 11PM EST!

Pete D · Posted: Sat Jan 19, 2008 2:35 pm Post subject: Re: BAP

wwcd5215 · Posted: Sat Jan 19, 2008 2:40 pm Post subject:

60 percent of the winning goes to the backers 40 percent to himself

Pete D · Posted: Sat Jan 19, 2008 3:26 pm Post subject:

CompleteDonk · Posted: Sat Jan 19, 2008 3:39 pm Post subject:

Yep. If a backer put up the whole $109, he'd get 60% of my winnings.

CompleteDonk · Posted: Sat Jan 19, 2008 3:47 pm Post subject:

Pete I don't think you get it. If someone bought 50% of the shares, and some other person bought 50% of the shares, then your example would leave the other backer with $0.00. 60% of my winnings are chopped up according to how many shares you bought, and I get 40%.

Each $5.45 share you buy, is 3% of my winnings.

dollarmtn · Posted: Sat Jan 19, 2008 3:52 pm Post subject:

If you bought a 5% share, or $5.45, and cd took the $7200 prize, you would get back $216

Pete D · Posted: Sat Jan 19, 2008 5:49 pm Post subject:

CompleteDonk · Posted: Sat Jan 19, 2008 6:15 pm Post subject:

Im not sure if "that sounds fair" is sarastic or not, but fwiw...the lowest payout is not $200, it's more like $265 or something like that. Smile

Honest_Rob · Posted: Sat Jan 19, 2008 6:32 pm Post subject:

Just to add about the split, 60/40 seems to be pretty standard from all the BAP's I've seen. And yeah $200 profit from a tourney that costs $109 to enter is obviously just barely in the money. Not really the best example.

Pete D · Posted: Sat Jan 19, 2008 8:30 pm Post subject:

Honest_Rob · Posted: Sat Jan 19, 2008 8:41 pm Post subject:

It's not a good example imo because the payouts for MTTs are top heavy so just squeaking into the money isn't going to show much of a profit. No one will make much if that's where the player finishes.

cubbies760 · Posted: Sat Jan 19, 2008 8:52 pm Post subject:

When you barely make the money, this is where the BAP is much better for the non-paying player, than the stakers.

In a BAP, you're buying a share of the player. The payout is based on the gross amount of the payout. The people who put up the money don't do well if the payout is just past the bubble because the original stake isn't returned to the stakers before calculating the payouts.

People used to ask for a stake, which would commonly be 60/40 plus SB. If (2) people each put up $54.50 and the player cashed for $230, each staker would receive their original $54.50 back, plus 25% of the remaining $121. The player would net $48.40

In a BAP as described in this thread, the player would net $92 because the stakers don't get the Stake Back before the split.

BAP is a fancy way of saying that the stakers don't get their stakes back before dividing up the money.

CompleteDonk · Posted: Sat Jan 19, 2008 8:53 pm Post subject:

Fine, if you guys want I'll make it 50-50+Stakeback.

That way if you were to get 50%+SB and I cash for $180, you'd get $109+50% of my winnings, that way you'd get around $40 instead of lose money.

But, this is -EV if you think your horse will make a big score. Say I were to win for $7200, (saying there's overlay or just 300 entries) 50-50+SB would get $3709. If you had 60% of my cut, you'd get $4,320. That's over a $600 difference in prize money.

If you'd feel better with 50-50+SB, I'll do that for my next BAP. I'm probably putting up a BAP for the $120 KO and the $200 HA event.

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