NDN BAP Finalization

Ok, this idea has been floating round now for quite some time, so ive gone to the legnths of making this semi-proper. All we need is some fine tuning and off we go.

To start with, some details.

A BAP (Buy A Piece)is alot of people all staking normally one person in an event or series of events. The BAP raises the money for the player to play the event"s", the player plays the event"s", and after playing a overall bankroll is calculated.

All the people who invest in a bap are buying shares. For example a normal BAP has a et amount needed to be raised, i.e $1,000. So 100 x $10 shares are made, and various people can buy as many shares as they wish. At the end of the BAP the player takes (on average) 40% of any winnings, and the other 60% is divided equally among the shares. (So for our example, 100 people all buy one share, they all have 1% of his winnings after the player takes his 40%. Say the player wins $5,000, he takes $2,000. $3,000 remaining is split amongst the shareholders, giving their $10 investment a $30 return.


Our BAP will be run similar to this, but also very different!

Our BAP

We will have unlimited shares. The shares will be $1 each, and people can purchase as many as they like. For now we will say March 7th is our starting Date for running the BAP.

So, people invest $1 or increments of $1 up to however much they would like to invest. This continue until the closing date for origional BAP purchasers.


Post commencement

Say for example we get $100 worth of BAP money raised. EVeryones share is worth 1% of the total Bankroll. Now, say in the first 2 days our players manage to increase the Bankroll to $200. Everyones 1% investment of $1 is now worth $2, as its 1% of the running bankroll.

We will allow latecomers to buy BAP shares after the commencement date. However, this is where it gets slightly confusing... The shares they buy will be at the current rate of the BAP. So if the BAP is at $200 from its origional $100, their shares will cost $2 instead of $1.

Simple enough??

Theres more... Obviously a we have new shares being bought, the % will change. So buying your new shares at $2, will obviously increase the number of shares. So instead of 100 origional shares worth $1, we now have 100 worth $2, and the new investments (say we get someone buying 10 new shares) will add 10 new shares to the pot. Thi makes everyones share % smaller, but still worth the same! So wed have 110 shares, each getting an even split of the pot, but the new money added keeps it even and fair.

If the BAP is lower than it first started, the share price will remain the same as it origional price ($1)

So - new players can join whenever they like, after the days BAP playings have been done, at the current relevent price of the BAP shares. Existing players can "cashout" eveyr sunday if they choose to.




Fine Tuning

1 - All shares will be worth $1
2 - Players can "cash in" their shares if they choose to at the end of every week (Sunday)
3 - Their shares will be worth the going BAP rate.
4 - All players who buy a share have an equal right to play a game for the BAP
5 - No player shall be favoured
6 - The Maximum buyin for a game is 5% of the current Bankroll ($100 BAP = $5 buyin)
7 - All games must be cleared in advance to them being played by the BAP manager
8 - All players must post for EVERYONE to see (in a section of this forum that will be made) the game they are playing, the first hand with all the details (hand history) any big action hands they are involved in, and the Bust hand.
9 - At the end of the game, the winnings will be reported, and ALL winnings will be sent back tot he BAP manager, who will calculate what need to be done.
10 - All decisions by the BAP organizers/managers are final. It will all be in eveyrones best interests so please dont worry!!


Games -

The posisble games are as follows...

Any Freezeout MTT, of any game type, with a buyin of 5% or less of the running bankroll
Any 9man or more (18man, 45man e.t.c) Sit and Go of any game type.


No cash games or rebuy tournaments will be allowed, and no sattelite tournaments either.


The % cut of any winnings is as follows.

MTT - All cashes must first pay stakeback. This is the amount you recieved to pay put back into the BAP. After this, the BAP recieves 70% of the winnings left over, the payer who played keeps 30% as their prize for cashing. Obviously no cash, no prize.


SnG - 9-45man - All 9man up to and including 45man SnGs Will also first be paid their stakeback. After this, the BAP recieves 75% of the winnings left over, the player keeps 25% for their prize.


Sng Over 45man (e.g Stars 180's, FullTilt 90man KO games) - Again, stakeback is paramount. After this, 70% is given to the BAP, and 30% is kept for the player.

Any amount won lower than the origional buyin will ALL be paid into the BAP.

Any bounties won in a KO tournament will also be included in the tourney prize, and paid accoridngly.



All players names will be drawn randomly by my RNG. This is 100% fair, and if anyone does not trust me i can screenshot the picks if they wish me to.

Everyone will get a chance to play a game for the BAP, as it will never run out sticking to the 5% rule, and as a forum we are good enough to keep it level or rising all the time.



Finally, Questions???

These are all thought out points, but if anyone feels something isnt right, has any questions, or has any input into the BAP ideas, please post now or forever hold your peace!!!


Thankyou, goodnight, good luck, and plz be nice, took me ages to write this!

if there are nly a few tourneys we would feel best playing like stud or razz can we opt out of the others for people that are better? Do we have a money drop to deposit into that we wont get in trouble for?

Ill start the ball rolling and reserve 10 shares for $10 plz. Please let me know when and where to ship.

Cheers

Looks good to me. I'm willing to get into it. I'm not sure I like the weekly cash out option. I think a monthly cash out will allow for better profit. Look at this like the stock market, you invest for the long run. Overall it looks like a good plan. I think the payouts to the player are fair.

I think a bigger share price would allow for more money to be in the BAP at the start and allow a better cushion for variance. You can use a lower percentage of the BAP to cap buyin's and allow people to play in decent games.

Just my thoughts.

Yeah but making it $1 a share makes the math alot easier, and means ppl can buy 10-20 shares instead of 1 or 2 at $10

That's cool. I'm in either way. Just throwing ideas out there.

I'm too tired to think straight so I won't comment or share my ideas on this until tomorrow.

tired I had toothpicks on my eyes just to get thru break, lilred is so tired.Off to bed good night donks.Oh I agree with whatever if its a team thing I am in, just put me down the list as a player till lets say x--mas! I will be close to being done then a vacation maybe.

I think this is a good idea. But one thing are the players allowed to play at any site they want to or is this going to be a set site.

I agree shares is the wtg