Plan "B"

SOLD OUT!

UPDATED 7-02-07: A total of 50 shares were sold, meaning I'll play in at least three, $550 tournaments if time allows. Each share is worth 2% of the after tax winnings in the $550 tournaments. If less than three tournies are played, any unused funds will be refunded to the investers.

While I intend to win the WSOP Main Event, I realize there is a chance that I won't.

Therefore I'm building a bankroll to use in the 2nd chance tourneys.

There are eight $550 "2nd Chance" tournaments, one each day, from July 9th thru July 16th.

If and when I get knocked out of the Main Event, I'll play in these the rest of the week. These are one day events and will pay approximately 10% of the field.

In a perfect world, I'll be involved in the Main Event all the way to the Final Table and won't play in any of these 2nd chance tourneys. In that case, all stakers money will be refunded.

Realistically though, I'll probably have at least a few days where I'll be able to play some.

Maximum of 100 shares at $33 per share will be enough to play in at least 6 of them. If I sell out, each share would be worth 1% of my after tax winnings. If I don't sell out, I'll use the bankroll to play as many times as I can and each share will be prorated.

For example, if I sell only 50 shares, each share would be worth 2% of a $1650 bankroll (enough to play in at least 3 of them).

SHAREHOLDERS:

Pat F. 8.7425 shares ($288.50)
John G. 1 share ($33)
Carolyn T. 1 share ($33)
Jim K. 1 share ($33)
Rick P. 2 shares ($66)
Richard G. 6 shares ($198)
Jerry M. 1 share ($33)
Mac 1 share ($33)
Ann L. 2 shares ($66)
Brian M. 1 share ($33)
Anonymous Cardinal Fan 1 share ($33)
Bob S. 75.75% of 1 share ($25)
Alan F. 4.5 shares ($148.50)
Susan L. 1 share ($33)
Kenny W. 1 share ($33)
Jeff F. 3 shares ($99)
Les J. 6 shares ($198)
Dave P. 1 share ($33)
Joe T. 3 shares ($99)
Dave C. 1 share ($33)
Steve R. 2 shares ($66)
Bill W. 1 share ($33)

TOTAL SHARES SOLD: 50
Each share worth 2% of the after-tax winnings in the $550 tournies.


If you have a piece of the Main Event bankroll, I highly recommend spreading some of your risk by investing in this bankroll as well (or shifting some of your Main Event money to this one).

You don't want to have all your eggs in one basket. The Main Event will be a one-shot deal, while this bankroll will be spread over multiple tournaments, offering a better chance of cashing (albeit for a smaller amount).

Thanks in advance,

Pat