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quick opinion poll on percentage swap

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  1. PearlJammer PearlJammer is offline

    Posts: 601
    Joined: Nov 05

    Jul 16th, 2006 (7/16/2006 8:01pm)

    I swapped small percentages with a few players in the $1k on titan. I made the $ (barely)... none of them did.

    Buy in was $1,000 + $100, my payout was $1500 for a profit of $400.

    If I swapped 5% with someone, do I pay 5% of $1,100, 1500, or 400?

    Any quick opinions from those with experience with this are much appreciated!
    510 4
  2. BillySunday BillySunday is offline

    PA
    United States

    Posts: 44
    Joined: May 05

    Jul 16th, 2006 (7/16/2006 8:02pm) in reply to PearlJammer

    total payout
  3. mattg1983 mattg1983 is offline buying action

    Round Rock, TX
    United States

    Posts: 8,001
    Joined: Feb 05

    Jul 16th, 2006 (7/16/2006 8:13pm) in reply to PearlJammer

    5% of 1500
     12
  4. jhill3535 jhill3535 is offline

    Russellville, AR
    United States

    Posts: 2,163
    Joined: Feb 06

    Jul 16th, 2006 (7/16/2006 8:16pm) in reply to BillySunday

    Generally it would be accepted as 5% of the total payout, unless stated previously.

    My buddy and I do this live alot, but we will put a save on the buyin by saying we will split 50% of any winning above the buyin with each other or something like that.
     
  5. gbmantis gbmantis is offline

    Waukesha, WI
    United States

    Posts: 7,413
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    Jul 16th, 2006 (7/16/2006 8:17pm) in reply to mattg1983

    quick note:

    you should have these things figured out before the tourney starts, and it makes arrangements like these go much smoother
    1
  6. AK87 AK87 is offline

    Ambler, PA
    United States

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    Jul 16th, 2006 (7/16/2006 8:17pm) in reply to PearlJammer

    when i swap with people its usually 5% of the 400.
  7. Plattsburgh Plattsburgh is offline

    Red Hook, NY
    United States

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    Jul 16th, 2006 (7/16/2006 8:19pm) in reply to PearlJammer

    PJ, generally its a % of total profits so

    1100 buyin, 1500 payout u made 400

    take 5% of 400, which would be a whopping 20 dollars.
     
  8. baughman baughman is offline

    Cincinnati, OH
    United States

    Posts: 9,649
    Joined: Jan 06

    Jul 16th, 2006 (7/16/2006 8:23pm) in reply to gbmantis

    I have an agreement with a friend. When ever we are in the same tourney , the other has 10% of profit. This is the 8th year of this agreement and couldnt be happier.
  9. PearlJammer PearlJammer is offline

    Posts: 601
    Joined: Nov 05

    Jul 16th, 2006 (7/16/2006 8:34pm) in reply to PearlJammer

    lol... this isn't working! Opinion split down the middle so far.

    I had 9% total out total so it's I either owe $36 or $135 whether it's on $400 or $1500. Not that big a deal, but it is a big difference.
    510 4
    Thread Starter
  10. brsavage brsavage is offline Spontaneous Benefactor

    Denham Springs, LA
    United States

    Posts: 2,877
    Joined: Jan 05

    Jul 16th, 2006 (7/16/2006 9:02pm) in reply to PearlJammer

    Most players that I know do a percentage of the amount won, not the profit, unless they both cashed, and then it's a percent of the increase in prize moola.

    By the way, I usually don't sweat the moola if it totals less than $50 smackers.

    Gl,

    Chris.
     1
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