Quote Originally Posted by jsearles22 View Post
Quote Originally Posted by Dan Druff View Post

No, this isn't a stake.

These are direct pieces of me.

If you buy 5 shares of an event, that means you have 5% of me. That means I send you 5% of whatever I cash. If I don't cash, the money is gone.
I'm clearly confused. Why would you, or any player, just give away their action for free? Sure you are getting into the tourneys cheaper, but I would think that mathematical advantage is directly off set by you giving away value, especially if you feel you are +ev. I guess it's not technically free since there is a markup, but isn't the markup usually just to cover expenses?

I'm definitely interested if this is direct pieces. Let me do some figuring and I will pm you.
I don't have any hotel expenses, so it doesn't cost me much to enter these beyond the actual buyins.

The markup is to take my edge into consideration, so I'm not huring my own EV by selling pieces.

So yes, these are direct pieces. Whatever percentage you buy is what you get out of what I cash.

If you buy 10 shares of an event, and I cash $10,000, I send you $1,000.