ChessSafari's 4-wk BAP#2 ... SOLD OUT!!!!!

ChessSafari · July 12th, 2007, 03:59 AM

OK friends I am sold out as of July 31, 2007 at 6 PM PT. That means I can start week 1 of BAP #2 a few days early. The BAP 2 Rail Thread will be here:

http://forum.neverbeg.com/showthread...81#post1607981

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$5 shipped to payneverbeg on PokerStars

Due to the overwhelming support of my BAP#1 (sold out in 29 hours!!) I am able to start three weeks early. So BAP #2 will actually begin only one week after BAP #1 was originally intended to commence. Some backers have already expressed an interest in BAP #2, including one who wants all of his weekly distributions from BAP #1 rolled over to BAP #2. As a result, I'm posting this thread right away.

This BAP is identical to BAP #1 with the exception that there will be no unlocked deposit bonuses to add to the bankroll (for obvious reasons). In order to compensate for that omission I am increasing the backers' share of the profits in BAP #2 to 60%. I hope this sounds fair to all.

Once I have created the rail for BAP #1 I will post it here so that anyone interested can follow the progress of BAP #1.

So here's the deal again...

This will be my second BAP on NeverBeg. It will run for 4 weeks commencing August 5th, 2007. If all shares are not sold by that date, HeartofGold1 (my wife), has agreed to purchase whatever shares are left. I will offer cake on my future BAPs to any investors who lose money on this one. 100 shares will be sold at $5 each. Money can be shipped to ChessSafari on either PokerStars or Bugsy’s. Distributions of 100% of the profits will be made weekly. Here is my plan:

WEEK #1 (August 5th-11th)
I will start the BAP on PokerStars with 15 x $4.40 180-man tourneys and 10 $5.50 9-player sit ‘n gos. I will finish the week by heebing $4 on a NL micro ring game table at a time that I will announce in advance so that anyone can watch.

My record in the 180-M events speaks for itself. You can go to the OPR rankings in my signature line to verify.
10 Jun -14th place - $9
21 Jun - 8th place - $19
22 Jun – 115th place - $0
22 Jun – 18th place - $9
24 Jun - 5th place - $47
27 Jun – 17th place - $9
06 Jul – 130th place - $0
07 Jul _ 41st place _ $0
07 Jul – 16th place - $9
10 Jul – 34th place - $0
In the money = 60% (6/10)
ROI = +132% ($102 for $44)

Recently I ran a series of 23 $5.50 SNGs for JohnPreston and finished with 21% ROI despite a bunch of bubble finishes. I feel confident that I can do as well or better for my BAP.

WEEK #2 (August 12th-18th)
During the second week I will compete in the Bugsy’s Bronze League. I will start with $110 and play 15 $3.30 SNGs, $20 $2.20 SNGs, and 15 $1.10 SNGs. I will make maximum use of happy hours to climb the league standings. If I am in one of the money positions at the end of these games, I will continue as long as I am in contention for the league bonus money. However, I will not under any circumstances exhaust more than $110 of the bankroll running this league. Finally, I will put $15 into a Limit $.50/$1.00 NLHE/Omaha HL half and half ring game at a time which I will announce in advance so that anyone can watch. This table has been my bread-and-butter game in the past. If this game doesn't fill, my back-up ring game will be the $.02/.05 Pot Limit Omaha Hi/Lo table ($10 buy-in maximum).

I recently finished in the money (6th out of 916) in the weekly Silver League running for Cisk. Standings are here
I am ranked in the top 200 (of nearly 5,000 players) in the Bugsys All Time Sit & Go League. Standings for that are here

WEEK #3 (August 19th-25th)
The third week will be my MTT week on Bugsy’s. I have gained a lot of experience in these events during the past four years and have extensive notes on many of the regular players. I will play the following 20 tournaments (none will be re-buy events except the $100 GTD PLO8 unless I win an entry via satellite):
3 x $150 GTD NLHE ($5.50 buy-in)
3 x $200 GTD NLHE ($11.00 buy-in)
3 x NLHE ($3.30 buy-in)
2 x PL Omaha H/L ($1.10 buy-in)
2 x NLHE ($1.10 buy-in)
2 x NLHE ($2.20 buy-in)
1 x H.O.R.S.E. on Sunday ($1.10)
1 x $300 GTD NLHE ($16.50 buy-in)
1 x $10K Super League ($33.00 buy-in)
1 x 7-Card Stud H/L ($1.10 buy-in)
1 x $100 GTD PLO8 ($1.10; any re-buys will come from my personal bankroll)

I will pick my spots with these while constantly looking for overlays whenever possible. I will announce the $33 event in advance in my rail thread so that anyone can watch. I will use $4 of the bankroll for random re-buy satellites and private password events. I will keep detailed records of these in the rail thread and announce the events that I qualify for in advance of play.

If, for some reason, I can’t get into all of the events listed then I will put the unused entry fees back into the bankroll. I will not substitute other events in order to avoid potential confusion.

WEEK #4 (August 26-September 2nd)
I will finish up with a run at the Weekly Ring Game Gold League on Bugsy’s. In the past I have finshed among the top prize winners ($250) in this league.
$ 250.00 League Award (LEAGUE AWARD: 12 place Weekly Gold League) 2006-10-08 10:10:24
Go here for the official results

I will take the last $125 of the bankroll and play as much as possible while making maximum use of happy hours. I will observe the tables closely before sitting and utilize my knowledge of the players to select the best tables to sit at.

Bankroll Management

As you may have noticed, the bankroll is divided into four $125 segments. I will make four weekly distributions of 100% of the profits plus all of the remaining bankroll at the end of each segment.

Examples of weekly payout calculations

If there is a profit for the week, the weekly payout will be $125 plus 60% of the profit. For the unintended situation where there could be a loss for the week, the the distribution will be 100% of the the remnants of that week's $125 bankroll.

So, for example, if I wind up week #1 with a $40 profit then my running bankroll will be $540. The distribution will be $149 ($125 + $24) and the residual bankroll will be $391 (3 x $125 = $375 plus my share of the profits of $16, which I will leave in the bankroll as back-up for the Gold League in Week #4). In other words, I won't be making any distributions to myself until the end of the Stake. If I wind up Week #1 with a $40 loss, as an example, then the distribution for the week would be $85.

Any carry forward effect of flipping from profit to loss and visa versa from week to week will be adjusted fairly and appropriately in the final distribution at the end of the Stake. Obviously, I'm hoping that all four weeks are profitable. The bottom line is everyone gets their stake back (up to the amount of the final bankroll) plus their share of 60% of the aggregate profit for all four weeks.

Cake explained

"Cake" means essentially that I will reimburse you for any losses you incur in this stake, from my share of the profits in my next BAP (or any future BAP) that you invest in. It comes from my profits and not any of the other investors, which means giving cake does not in any way dilute the current BAP investment.

Still confused about cake? Then please click here for a better explanation.

Thanks in advance to everyone for your support. Please begin applying for your shares in ChessSafari's 4-week BAP #2 here.

Best wishes,
Frank

willy08 · July 12th, 2007, 04:14 AM

reserve me 10 please!!

ChessSafari · July 12th, 2007, 04:19 AM

Quote:

Originally Posted by willy08

reserve me 10 please!!

Thanks Willy. The first 10 are set aside for you.

Best wishes,
Frank

lawsoncb · July 12th, 2007, 04:29 AM

reserve me $50 either way. Just let me know were we are with the other BAP.

Thanks

MtgVo · July 12th, 2007, 04:32 AM

Thanks! Reserve me some

ChessSafari · July 12th, 2007, 04:38 AM

Quote:

Originally Posted by lawsoncb

reserve me $50 either way. Just let me know were we are with the other BAP.

Thanks

10 more shares reserved for lawsoncb...makes 20 reserved for BAP #2 in total.

I will know regarding the final 10 shares in BAP #1 by tomorrow morning. I'm waiting to hear back from the investor. I appreciate your flexibility.

Best wishes,
Frank

ChessSafari · July 12th, 2007, 04:41 AM

Quote:

Originally Posted by MtgVo

Thanks! Reserve me some

How much is some?

Let's see...you got 5 of the 20 you wanted in BAP #1, so I'll assume you want 15 reserved (unless you tell me otherwise).

If so, then 35 are now reserved in total for BAP #2.

Thanks again.
Frank

EDIT: "sold" 6 shares and reserved 1 share for MtgVo, which frees up 8 previously reserved shares. See subsequent note in post #28 of this thread.

rayzor1748 · July 12th, 2007, 05:07 AM

hmmmmm, another BAP already??? dam Frank you too fast for my bankroll to keep up !!! If you aren't sold out by Friday I'll take a piece or two of that action as well.....

rayzor1748 · July 12th, 2007, 05:07 AM

Quote:

Originally Posted by rayzor1748

hmmmmm, another BAP already??? dam Frank you too fast for my bankroll to keep up !!! If you aren't sold out by Friday I'll take a piece or two of that action as well.....

errrr, never mind.... I forgot I can send through stars as well
3 shares please funds sent thru pokerstars

TheAnvil123 · July 12th, 2007, 05:09 AM

FRANK , reserve me 4 shares now and also I would like half of the first BAPS weekly payout to be rolled in to this one UP TO another 6 shares worth if that is ok

Joker_69696 · July 12th, 2007, 05:41 AM

ill take 3 $ shipped thanks.

ChessSafari · July 12th, 2007, 06:10 AM

Quote:

Originally Posted by rayzor1748

errrr, never mind.... I forgot I can send through stars as well
3 shares please funds sent thru pokerstars

Three shares sold to rayzor. Thank you.

ChessSafari · July 12th, 2007, 06:12 AM

Quote:

Originally Posted by Joker_69696

ill take 3 $ shipped thanks.

Got it. Thank you.

Frank

moronamus · July 12th, 2007, 06:12 AM

how much is left?

ChessSafari · July 12th, 2007, 06:14 AM

Quote:

Originally Posted by TheAnvil123

FRANK , reserve me 4 shares now and also I would like half of the first BAPS weekly payout to be rolled in to this one UP TO another 6 shares worth if that is ok

Ten shares reserved for TheAnvil, which makes 45 reserved in total.

Add that to the six sold and we are over 50% committed already.

Thank You. Thank you.

moronamus · July 12th, 2007, 06:16 AM

I'll go ahead and reserve $150 worth for now...

zarger11 · July 12th, 2007, 06:34 AM

Im in for $20. Let me know bfore you shipp the money...I may want it on Stars instead of bugsy.

Thanks

ChessSafari · July 12th, 2007, 07:23 AM

Quote:

Originally Posted by zarger11

Im in for $20. Let me know bfore you shipp the money...I may want it on Stars instead of bugsy.

Thanks

4 shares for zarg. Thanks.

Frank

ChessSafari · July 12th, 2007, 07:29 AM

Quote:

Originally Posted by moronamus

I'll go ahead and reserve $150 worth for now...

Wow! 30 more posssibly reserved...I think. Not sure if I have that many (one person has asked to have his wiinings rolled over and another has asked via pm for up to 20 shares via because he didn't get in for BAP #1 where he did apply, but hasn't posted here yet. I haven't tallied either of those in the totals).

I will have to get a calculator out and get back here in the morning.

I do know I can reserve at least 10 shares for you in any case.

Thank you very much.

Frank

moronamus · July 12th, 2007, 07:37 AM

Quote:

Originally Posted by ChessSafari

Wow! 30 more posssibly reserved...I think. Not sure if I have that many (one person has asked to have his wiinings rolled over and another has asked via pm for up to 20 shares via because he didn't get in for BAP #1 where he did apply, but hasn't posted here yet. I haven't tallied either of those in the totals).

I will have to get a calculator out and get back here in the morning.

I do know I can reserve at least 10 shares for you in any case.

Thank you very much.

Frank

That's fine, what ever is left I will buy up to 30 shares