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Hi All! I just bought in so no more sponsorships will be accepted for the 2015 WSOP Main Event. Wish me luck everyone and thanks to those who helped!  http://www.facebook.com/bitcoinbeamer |
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Guys, there's only about a day left to help sponsor me into the WSOP Main Event. Thanks everyone for your consideration and support!
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Hey BTC Beamer- I really like your idea...I am sending you 8 BTC please confirm that you got em!!! See you at Final Table  Hans Gruber Great investment Hans, you'll be sitting on a beach earning 20% off of this  Just 8% Gox. |
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Can't wait to see you out there playing Beamer. Does your shirt have a nice big bitoin logo on it so the world can see? Everyone there needs to see a nice big bitoin logo! Maybe you could post a pic here for us so we know what to look for. I see you got another big tipper on here. I might have to deposit some more coins in there too. How many days do we have left to buy in?
Probably by Monday night I will stop accepting coin for the sponsorship. After I buy in then no more sponsors will be allowed. The bitcoin logo will be nice and big don't worry. Thanks Bitmonster! actually if you show a bitcoin logo on your clothes, you may ask sponsorship from forum admins, they are very rich, i recommend you post other threads in bitcoin discussion section, there are many whales, but they don't gamble so can't see your thread here, just my idea. Good luck, btw, when will be the main event? The main event starts on July 5th but since there are so many entrants they break up Day 1 into 3 days. I will be playing on July 7th (Tuesday). |
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Thank you Sy and Fox. Can you guys please post a link to where I could make a post for these guys? Thanks for the great idea and all your help! |
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I don't get your point, so every donator can get 1% of your winnings? So if only 10 donators, so they only take 10% of your winning, and you took the remaining 90%? It is not fair for them cos if they don't donate u, you won't earn any money.
IMO the donators take 80-90% of the winnings and you take 10-20%, that's better.
Fox, you are entitled to your opinion about the percentage splits but you are simply not understanding the math of this whole deal. The percentage of the winnings is determined by how much BTC you put in. Maybe someone else can explain this to you better. Fox did state it incorrectly, but I fully understand your math. When a player's entry is covered by an investor they generally take 85%, after the entry fee is recouped. You are only giving the investors 45% which is close to 50% of what they should be getting. As for you calling it an sponsorship you know that is BS, because a sponsorship would get ZERO back therefore it is an investment. Still believe that a team would have been a better idea for investors as long as you could prove their advance poker players. Hope to see you here at the WSOP, I'll keep an eye out. IanQuinn, you are very incorrect here. It is very common that the players gets either 50/50 or 60/40 of the net winnings. I've never heard of backers getting 85% with the players only getting 15%. I've been around the circuit on and off for 15 years. Since you know so much about how it works in the poker world, how about you tell us all what your real name is and what credentials you have that make any of your statements on this thread worth taking in to account. I would love to meet you at the WSOP but need to know who you are. |
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Can't wait to see you out there playing Beamer. Does your shirt have a nice big bitoin logo on it so the world can see? Everyone there needs to see a nice big bitoin logo! Maybe you could post a pic here for us so we know what to look for. I see you got another big tipper on here. I might have to deposit some more coins in there too. How many days do we have left to buy in?
Probably by Monday night I will stop accepting coin for the sponsorship. After I buy in then no more sponsors will be allowed. The bitcoin logo will be nice and big don't worry. Thanks Bitmonster! |
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I don't get your point, so every donator can get 1% of your winnings? So if only 10 donators, so they only take 10% of your winning, and you took the remaining 90%? It is not fair for them cos if they don't donate u, you won't earn any money.
IMO the donators take 80-90% of the winnings and you take 10-20%, that's better.
Fox, you are entitled to your opinion about the percentage splits but you are simply not understanding the math of this whole deal. The percentage of the winnings is determined by how much BTC you put in. Maybe someone else can explain this to you better. |
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I am confused about how much are you actually using as a markup. You are looking for 45 BTC , and for 1 BTC you are paying 1% of the winnings. Isn't that a markup of slightly over 50% only for the sake of bitcoin advertisement ?
I was pretty confused as well. If I'm reading it right, he is selling 1BTC for 1% of NET winnings, meaning that the break-even point for investors would be somewhere in the area of a $35,000 cash. This would mean that he needs to place near the top 100 of ~6500 players... or a 1/65 chance of breaking even for investors. No this is also incorrect Dogedigital. Any cash means the investors get their BTC back. Then you subtract that amount from the payout and then each investor gets 1% of the net winnings. Here's an example...I win $100,000. Since the buy in is $10,000 you would subtract that from the $100K leaving $90K to divide up. If you had sent me 1 BTC then you would get your 1 BTC back which represents part of the $10K buy in and then you would get 1% of $90K which is $900. Yes, but since total amount you are looking for is 45 BTC ( roughly $10k) , and if you were to cash 100K , then the investment of 1 BTC is roughly more than 2% of 45 BTC, but they will be getting only 1% , so its a double markup , which is a lot even though you are only doing it for bitcoin. I do understand that you say its only a sponsorship deal and not an investment, but advertising it only to people there, could also be done with pasting bitcoin posters around . How would this be different ? Dogedigital, it's much different and the Rio won't allow me to just put Bitcoin posters up. Even if they did, it wouldn't necessarily be as effective. They charge a lot of money to allow vendors in there and with some of the responses on here, I don't think the cynical guys on here would have any interest in sponsoring a booth nor paying for anyone to run it. Either way, some people on here get it and others do not understand and see the true potential of having someone advocate for Bitcoin at the WSOP. This is fine as I don't think there's anyway to do something potentially big without having massive amounts of criticism, both good and bad. |
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I am confused about how much are you actually using as a markup. You are looking for 45 BTC , and for 1 BTC you are paying 1% of the winnings. Isn't that a markup of slightly over 50% only for the sake of bitcoin advertisement ?
I was pretty confused as well. If I'm reading it right, he is selling 1BTC for 1% of NET winnings, meaning that the break-even point for investors would be somewhere in the area of a $35,000 cash. This would mean that he needs to place near the top 100 of ~6500 players... or a 1/65 chance of breaking even for investors. No this is also incorrect Dogedigital. Any cash means the investors get their BTC back. Then you subtract that amount from the payout and then each investor gets 1% of the net winnings. Here's an example...I win $100,000. Since the buy in is $10,000 you would subtract that from the $100K leaving $90K to divide up. If you had sent me 1 BTC then you would get your 1 BTC back which represents part of the $10K buy in and then you would get 1% of $90K which is $900. So again you are not taking out the full 45 BTC worth to return to investors, as you are keeping 11.25% for yourself then keeping another 55% for yourself. Horrible investment. If I cash then all investors get their BTC back plus a share of the winnings as stated above. This is a sponsorship which is much different than an "investment". |
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Can you do an example where you min cash then?
Yes and I believe they are actually paying the top 1000 players this year and the min cash I believe is $15,000. Need to double check with WSOP when I get there. So if these numbers are correct then if I min cashed and you send in 1 BTC to sponsor me then you would get your 1 BTC back plus 1% of $5,000 which is $50. That's what is meant by net winnings. |
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I am confused about how much are you actually using as a markup. You are looking for 45 BTC , and for 1 BTC you are paying 1% of the winnings. Isn't that a markup of slightly over 50% only for the sake of bitcoin advertisement ?
I was pretty confused as well. If I'm reading it right, he is selling 1BTC for 1% of NET winnings, meaning that the break-even point for investors would be somewhere in the area of a $35,000 cash. This would mean that he needs to place near the top 100 of ~6500 players... or a 1/65 chance of breaking even for investors. No this is also incorrect Dogedigital. Any cash means the investors get their BTC back. Then you subtract that amount from the payout and then each investor gets 1% of the net winnings. Here's an example...I win $100,000. Since the buy in is $10,000 you would subtract that from the $100K leaving $90K to divide up. If you had sent me 1 BTC then you would get your 1 BTC back which represents part of the $10K buy in and then you would get 1% of $90K which is $900. |
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Hans, that was very generous and thank you very much! This is to confirm receipt of 8 BTC for 8% of my net winnings in the WSOP Main Event this year. Trans ID # a5b36d9de5dc4a2d0e19ae5d343badea17191d8757ff7a26b1de6c51e40aaf97 This leaves only 29 BTC worth of spots left for my sponsorship. Hey BTC Beamer- I really like your idea...I am sending you 8 BTC please confirm that you got em!!! See you at Final Table Hans Gruber |
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Hello, I haven't used Bitcoin Talk or Reddit much however I am part of the Kansas City Bitcoin & Cryptocurrency group. I have pushed for Bitcoin in KC and have gotten on NBC news locally. You can see the video on my Facebook page: https://www.facebook.com/bitcoinbeamerI also attended Freedom Fest last year in Vegas and got on a radio show called Power Talk Radio. View the video here: https://twitter.com/bitcoinbeamerI have met countless members through localbitcoins and have met lots of different business minded individuals that want to help take bitcoin to the next level in their own ways. Please do not judge me based on the small amount of posts I have made on Bitcoin Talk. I am doing lots of work elsewhere and will try to be more active on here. How are you so adamant about raising Bitcoin awareness when you only have 13 activity with all the posts relating to this staking proposal?
Are you involved with the Bitcoin community or contributing to its exposure anywhere else?
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Sorry IanQuinn, but you have made some errors with this post. I am only trying to keep 45% as I will be donating 10% to the Make-A-Wish foundation. The world of poker has the potential for great exposure with ESPN and other Media outlets covering it. So the goal here is to try and promote Bitcoin as much as possible at the Main Event. I think you are also forgetting that time is money and I am always more than willing to promote Bitcoin before and after the Main Event on my own time. Taking my time to go out to Vegas for a week with the intent to promote Bitcoin is an investment on my part. Also, if I do not raise all 45 BTC then I will be putting in the extra cash out of my own pocket to play. That's the difference here. 1% for 1btc? lol thats a crazy markup
Agreed, he's wanting to keep 55% of profit without risking his own funds. Maybe someone could get behind this if he wanted 15%-20% but not 55%. Besides Micon is playing at the WSOP with Bitcoin hat and shirt, and he has much more following because of his legal issues in the poker community. Backing someone that says let get Bitcoin out there would have to work at promoting Bitcoin, and not focus on poker. (UPDATE) It would be better to setup a team of 5 professional, pay entry fee + 15% to play. This team would keep 17.50% of winnings after reimbursement of the initial investment. This still makes it worthwhile for the player to work hard, yet gives them compensation for all expenses, and their value to the team. So any winnings less then the initial outlay would go back to investors only, and percentage of the investment would be based on the amount of Bitcoins. Based on $250 valuation this would be 230 BTC. Bet you we could get Micon part of this team. |
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Well said whatthegox. You just gotta play solid and have lady luck on your side. Your odds to get into the money prizes are very very low.
Its too hard to beat the pro's
In the WSOP there are tons of fish, anyone half decent at live poker has an edge. The high quality pros are no problem when there is only 1 or 2 per table. You can just avoid the better players and pray off the fish like the pros will be doing anyway. |
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Hello Shulio, please read my previous posts on this thread and I believe that will address many of your concerns. This is my first time doing this with Bitcoin but hopefully many more will follow if the community decides to continue to sponsor me. My guess is that there will be between 6000-7000 players in the main event this year. I would have to take first place for you to get $100,000 for 1 BTC (assuming the 1st place payout is $10,000,000). As stated 1 BTC gets you 1% of my net winnings. Although keep in mind that they pay approximately the top 10% so strictly statistically speaking there is about a 1/10 chance to win some sort of money and a 9/10 chance that you will lose. However, I believe with my experience that my odds are better than that. Maybe more like 1/5 to cash and 4/5 not to cash. Sorry but I dont really know about this bitcoin beamer and the other thing but have you done this before? What is the chance for you to get the $100,000. This seems great but what if you decided to get away with our money? Sorry not accusing you , just asking because this is the first time I see this here
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Thank you thank you and I appreciate the kind words LFC. Hopefully I go deep in this event and if you change your mind just let me know. You can send as low as 0.5 BTC to buy a piece. Take care. I'm not looking to invest but oh wow, this does look like a great opportunity & I'm not surprised people have started donating already. That jackpot is incredible beamer, I wish you the absolute, very best of luck. I'm in the UK, if I was able to travel to Vegas then I'd donate but even though I can see you're 100% legit I feel a bit uneasy donating & not being there. I was in Vegas in March  I think what you're doing by trying to promote BTC is fantastic, we need more people like you in the public eye. Desperately hope you win this tournament & make everybody else money too although I'd be kicking myself then for not donating lol. Best of luck my friend. |
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I played the Colossus event a few weeks ago. Raised in the cutoff with ATs and got 2 callers. Flop was Q-T-T. One of the other players had QQ and didn't not reraise me before the flop. Cooler hand. Wish I could have hit quads. If I get people sponsoring me for more events then I will play more. Thanks for saying all of this Sy. It's great to know that there are others thinking along the same lines as me. If I win this event, I believe it will change Bitcoin forever. I had about 25 Bitcoin Beamer T-Shirts produced. Some in my size and some in my wife's size. If I knew that people would be there supporting me, I would get more of them made. Again, I need help from the community and if we all come together, magic can happen. P.S. Is anyone willing to come out and volunteer to help cover all of this? Do we have some professional writers, IT guys, photographers, etc that have the time to come out to Vegas and help make this a huge success? I think if we had a crew of people covering my play that it would attract a lot of attention from ESPN and other media. Thoughts? Good luck at the tourney we seriously need many players like Breamer , this may attract the big sites like Pokerstarts to our currency it would be great if we find like 30 players wearing the bitcoin gear and cashing WSOP events we want our soldiers to appear in the magazines and in poker news this is the only way to spread BTC , cause we see that all btc poker sites still failing and failing this is the last hope Sadly I can't go to Vegas , it's almost impossible for me to visit US if I can visit Vegas you would see me in one of the events too But I'm sure that there will be a crew cheering for you , especially if they are bitcoin freaks so ship it mate , BTW you will only play the main event or there will be other events in the list ? |
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Thanks for saying all of this Sy. It's great to know that there are others thinking along the same lines as me. If I win this event, I believe it will change Bitcoin forever. I had about 25 Bitcoin Beamer T-Shirts produced. Some in my size and some in my wife's size. If I knew that people would be there supporting me, I would get more of them made. Again, I need help from the community and if we all come together, magic can happen. P.S. Is anyone willing to come out and volunteer to help cover all of this? Do we have some professional writers, IT guys, photographers, etc that have the time to come out to Vegas and help make this a huge success? I think if we had a crew of people covering my play that it would attract a lot of attention from ESPN and other media. Thoughts? Good luck at the tourney we seriously need many players like Breamer , this may attract the big sites like Pokerstarts to our currency it would be great if we find like 30 players wearing the bitcoin gear and cashing WSOP events we want our soldiers to appear in the magazines and in poker news this is the only way to spread BTC , cause we see that all btc poker sites still failing and failing this is the last hope |
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