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#2
11-24-04, 12:31 PM
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Simple. Your family/friends pay you $x for x% of your winnings.
In Annie's case, there was $2,000,000 up for grabs and 10 players, so with an even playing field, each person would theoretically be worth $200,000 (like if they did an even 10 way split). If she sold 20% of herself, she'd be selling $40k of value.... She may have done this as a discount (or even a premium (yeah, right)) though. So, maybe she sold 20% of herself for $20k. This way, she knows she's getting 20k regardless of how she finishes and he friends/family would get either nothing or $400,000 if she wins. I totally made up these numbers, of course, but you get the idea. |
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#3
11-24-04, 12:31 PM
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that seems like something that is on the border of being unethical. i guess if there are people who willingly enter into the agreement, then it is fine, but in general it seems like taking a free entry into a tournament and then selling pieces of yourself is a bit strange.
i wonder how much she got for 20% of herself? i would assume that they put odds on her winning the event, and that they then calculated the percentages based upon that. |
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#5
11-24-04, 07:43 PM
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well the 2+2 post she said she sold 20% of herself which would of been like $40,000 to her friends and family... whats wrong with that? she is giving people she knows and loves a chance to win money and she will still be getting something regardless so its win-win really.
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#6
11-24-04, 07:48 PM
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Unless of course she lost, in which case it would hve been lose-lose.
I imagine she sold herself for a discount.... just a guess. |
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