Monday, May 14, 2007

WSOP Schecule and Mirage Event #6, $2500+100 NLHE

I am taking investors right now The world series is just around the corner and I am pretty excited! I just finalized my intended schedule, and here it is:

Day
Date
Event
Entry Fee
Fri
6/1
#1 Mixed Limit/NLHE Championships
5000
Sat

#3 NLHE
1500
Sun

#4 Pot Limit HE
1500
Mon

#6 Limit HE
1500
Tue

#9 Omaha 8
1500
Wed

#10 NLHE
2000
Fri
6/8
#14 Stud Hi
1500
Sat

#15 NLHE
1500
Sun

#18 Limit HE Championships
5000
Mon

#20 Stud 8
2000
Th
6/14
#24 Stud 8 Championships
3000
Fri

#25 NLHE
2000
Sat

#27 NLHE
1500
Sun

#28 NLHE
3000
Wed
6/20
#34 Limit HE
3000
Th

#35 NLHE
1500
Fri

#37 Pot Limit HE
2000
Sat

#38 NLHE
1500
Sun

#40 Mixed HE
1500
Mon

#42 Omaha 8
1500
Tue

#43 Limit HE
2000
Th
6/28
#46 Stud 8
1000
Fri

#48 Deuce-Seven Limit/Rebuys
1000
Sat

#49 NLHE
1500
Sun
7/1
#51 SHOE
1000
Sat
7/6
#55 NLHE Main Event Day 1B
10000

Total cost of all tournaments is going to be $60k plus any rebuys I may make in event #48.

I am taking investors for all of these events as an entire pool together. Furthermore, since there will be a group of investors, there will be no make up at the end of the WSOP. All profits will only be taken at the end of the series to eliminate any make-up.

For example, say I win event #9 for $200k. Standard arrangements in backing with make-up is to pay back the make-up and then chop up the profits. This would mean that 11k would go back to the backer, and then the player and backer would chop up 189k.

Instead to be fair no profits will be chopped up until the end of the series. Take the above scenario. Win event 9 for a net profit of 189k, bust out of all the other events for a cost of $49k, the total profit would be 140k that would then be chopped up with the original 60k returned to the investors.

I will play for 50% of myself after all-make up. Thus, every $6k of investments is worth 5% of me for the entire series after make-up. In the above scenario a $6k investment would return $13k total.

I am planning on playing all 26 of these events and thus the risk of ruin is decently low. If you are interested, please shoot me an e-mail. Also, if you would like to talk to those currently backing me or those who have backed me in the past, please also feel free to contact me.


Speaking of tournaments I played in the $2500+100 NLHE event at the Mirage today. The good news is that I took 36th. The worst news is that Kenna James busted me. Literally about 15 minutes before I said, "It would really suck if Kevin [Song] or Kenna busted me, because I would never hear the end of it." I was short at this point, lost half my chips in one hand, and then opened with AKo and called Kenna when he shoved all-in. His 55 held up and I was sent trying to get people to go to the lake with me :-).

Today was pretty frustrating in the sense that I once again could not get over the hump. I had a huge stack early on in level three and was chip leader for a while, winning several unnecessairly large pots with one pair. The table was pretty stacked so I was gambling it up a little more than I usually do and things were working out. I then lost a big race with TT vs. AQ and couldn't ever get anything going again even though I was left with an average stack. I still never saw any big hands (no QQ-AA). I'm starting to get quite curious as to when I'm going to see AA in a tournament again as it's been 9 of 10 days now. I even played two tourneys online tonight and didn't see em!

Tomorrow is the $1k Limit event. You bet I'm gonna be in that one!

Peace and good luck,

Devo

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