Selling shares - 2010 English Poker Open

[Squizzel]

Hello PAL - i won a seat to the 2010 EPO in a online freeroll. Details are here: English Poker Open 2010 sponsored by RakeTheRake

Im selling shares of myself at 1.10 because i think i will probably have a decent edge on the field. The structure is slow and deepstacked (Just how i like it) and its capped at 300 entrants, so myself getting a score is not a longshot.

The buyin is: £3750 and im selling shares at: 10% markup. So, 5% would be £206. 10% would be £412 etc. Im selling upto 50% of my action to limit my risk. Payments can be made online in $ using pokerstars/full tilt transfer. The minimum % i will sell is 5%. After i win the event i can send you the money back online or via a check.

As far as my credentials, ive been playing poker for 4 years, over 2.5 years professionaly, and have won close to $300k online, mostly in mid stakes cash games. Im a winning MTT player, my pokerstars ID is Squizzel. I dont play a whole lot live, but am comfortable doing so.

Here is a graph of my winnings from the last year or so.

http://img341.imageshack.us/img341/1...andsplayep.png

PM me or post in this thread if you are interested, you can also get at me on Skype, my id is: Squizzel123

[Squizzel]

Anyone? Ive sold 15% to friends and people on 2+2. But im not getting much more interested, im willing to drop my rate to 1.05 so 5% juice, in order to sell 50% of my shares. Let me know if ur interested.

[rake360]

i won a seat to the 2010 EPO in a online freeroll....

.... i think i will probably have a decent edge on the field.

[ ] this makes sense.

[Squizzel]

How does it not make sense? im pretty good at this game.

It was a freeroll put on by my rakeback provider for the top rakers. I didnt enter a freeroll because i was busto or something.

[Aidan]

Hey Squiz, msg me a day before the event if you have some shares left. I'll prob buy one or two.

[rake360]

hehe fair enough. if ur decent u prolly have shitloads of equity vs standard freerollers.

u might have more luck selling pieces if u post links to ur opr / hendonmob/sharkscope fwiw.

gl sir

[Holis]

So whats left and what do i get ?

[Squizzel]

ive already sold 20%. think im gonna play the rest, if anyones interested PM me.

[pokerprop]

It would be helpful if you explained details of how staking works. Most deals here that have been sold in past have been full value, i suspect you're giving a % of the profit etc. This has become standardized slightly the past few years but prior to that staking deals were generally unique and needed a lot more details then what you posted here. Seriously I'm not entirely sure how it works, so I suspect most readers here are not aware exactly what you're selling either.

[leporello]

If you're a winning player at midstakes why would you need to sell 50% of your action for a $3750 tournament. Doesn't make any sense to sell that much if you are beating 2/4+ (even 1/2+). Also your perceived edge should be more of a reason to sell less rather than the opposite way around. Best of luck with it anyway!