Bitcoin Forum

This may be fun for this community and I can tweet pix of my chips and update on the tournament status throughout the night.

The tournament in question tonight:

Location:  The Orleans Hotel & Casino
Start Time:  7pm PT (in 1.5 hrs)
Buy in:  $125
Top Prize: ~$5,000 (based on entrants, o/u 200 show up for this each week)
current Gox USD / BTC price:  $12.27
Markup:  1.2   (i.e. for 25/125 of this tournament you pay $30)  This is also expressed as "20% markup" and is very standard for buying a piece of this tournament.  In fact, my ROI is extremely high in this tournament and I'm selling this at a discount.  Of course with variance, there is a large sample size needed to realize this.  I may keep doing this if it's good for everyone.  
Price for 20% of my tournament tonight:  BTC2.45

I am only going to sell two $25 pieces of this tournament for ~$30.  i.e. you will have 25/125 or 1/5 or 20% of my tournament winnings for $30 USD.  I will update my twitter:  twitter.com/bryanmicon about once per hour tonight with chip counts, prize pool info, and will take some pix of the stack regularly.  I'll do this until I bust or win.  The tournament starts at 7pm and a winner is declared usually around 4am PT.  I have won or finished top 3 in this tournament about a half dozen times, although of course it's easy to bust this.  It's a poker tourney.  

Some things to consider:  

1)  A good poker player loses most tournaments.
2)  But the times you score it's huge, like 50x your buy in.  
3)  There is little time before the tourney starts.  only 2 shares available, and if some1 wants both that's fine.  1st come 1st served.
4)  If I win more than $1k then I'll need a day or so to head to a bitinstant bank and ship coins out.


So, if you would like to buy 20% of this tournament tonight send 2.45 coins to:

12gER9apoavPLgdqY6bpcPSxeTHpaRKVtH

First 2 get the pieces, if a 3rd or more sends I will send back.  

How do we know this is not a ponzi?

"BTCBlade" from Seals snapped up the first share

1 left

Im in for 1 share

because I'm selling 2 shares into a tournament, I'm going to post updates on twitter tonight to prove that I entered and played the event.

Then this venture will have an underlying business unit, i.e. something that could make money, not just a story about arbitrage.

1st coins to hit the hash gets it.  Alternatively, a Seals Xfer is fine too.

grabbing a shower, gotta leave for tourney soon, check this thread in 10

shares all sold?

300 seals chips and 2.15 btc sent.

gl Micon

rec'd / Closed / GLGLGLGLGL

will be posting updates here:

http://www.twitter.com/bryanmicon

Fml on wait list to enter tourney they have a huge bad beat jackpot and won't devote enough tables to the tourney.

I'm alternate #25 and they called #5 just now.  May get in, may have to refund
BTCblade and Crosby.  Either can cancel if they want as well. 

FML really want to play this / so many horrible old ppl that play like 2005

IN!

Tweeted a pic, At around starting stack (t12.5 k)

good luck

Prize pool announced:

1st $4510
20th: $250
167 entries (not enough tables, tons of alternates wanting to gamble $125)

111 left
Avg: t19k
Me: t14k

Meh...

Got t8k about to be 400-800 / ie shove mode / no hands / no flops so far

Busto'd / shoved 10 BB's / he had 5-5 and won