LT3 - 60s 6m hypers 10k games [SOLD OUT]

Originally posted by lessthanthreee
Is there anyone confirmed for block 2 who would be UNHAPPY with this change for next block:

$12k stoploss, 12k games, $2k res for LT3 (10k for backers)

The only real change for backers is dilution of your piece. There is still some room in the backers % to buy more if you want a bigger piece.

@Dublimax : You were the only person who said they did not want the stoploss increase to $15k. If you are OK with $12k, I think this might be a good compromise for everyone.

sounds good to me ♠_thumbsup:

Originally posted by lessthanthreee
Is there anyone confirmed for block 2 who would be UNHAPPY with this change for next block:

$12k stoploss, 12k games, $2k res for LT3 (10k for backers)

sounds like a great compromise to me! Im all up for it

Agree

Sounds good to me

Agree, if my 3% still available

Agree if it will be still 50% in 60 and 50% in 100

Hey Guys,

$12k is much better and I am fine with it but I do insist on slightly larger amount, $15k where LT3 will have $2k.

Let me explain my rational.

The EV for a stake of 12k games 50/50 60s/100s at 2.5%/1% roi is $15000. ( I am not 100% sure that 2.5% is the actual roi of lt3 for 60s but it should be close)

Therefore if we do this stake for unlimited times we expect lt3 to have a $15000 profit for each block on average if he has an unlimited bankroll.

However if he has a limited bankroll he might hit the stop-loss limit and the block will end which means we can't realise the EV of the stake.

As a result as his bankroll for the stake increases there is a decreased probability of hitting the stop loss limit and therefore we increase the probability of realising the EV of the stake

For example we could do the same stake with $1k bankroll where we would risk/invest less money but most likely lt3 will hit stop loss limit due to swings

I am suggesting 15k since avg buy-in is $80 and thus LT3 will have close to 200 buy-ins for the stake which will be enough cope with variance

In addition, the current stake is close to 12k profit and if we assume that it ends at +$12k then all existing backers will have a 200% profit for their investment.

As a result, someone who invested $600 (10%) will now have $1800. He can withdraw his initial investment of $600 and invest the rest ($1200) in the new stake which will be represent ~8% of the stake. In essence an existing backer will be free rolling the new stake But with a bigger bankroll, there is a smaller chance of lt3 busting the bankroll due to swings

In conclusion, if we increase the stake to $15k we will be investing a larger amount where the expected return is at least 100% and the risk of losing our investment is significantly smaller

Sorry for being a pain in the ass but I want to make this a win-win situation for everyone involved.

ill let you guys talk it out for a few more days. i think i have said enough so far.

@ Maritsula:

The stop loss is completely irrelevant to expected return as long as the backers have the priority over other people for the next block (which is the case here).

We could give LT3 $5k, $10k or $100k that it wouldn't change anything apart from diluting backers' %.

If he hits the stop loss all we have to do is end the stake and start a new one. The $12k lost would be lost even if he has $100k bankroll.

The reason why we give him enough and not $5k is only from a logistic point of view to avoid shipping money all the time and for LT3's ease of mind so he doesn't have to look at the cashier and play his best.

By keeping the stake smaller ($12k instead of $15k) we allow backers to invest less at once and also to decide if they want to continue if LT3 has hit the stop loss while we allow LT3 to have a comfortable BR to play with.

I see no reasons to go any further than $12k for this stake.

For me 12k games and 12k stoploss is fine, don't really want to go over that number for either though

Thanks for your comments

I said i have no problem with $12k but I would prefer slightly larger for the reasons I have explained.

Thus if you guys prefer $12K then we could do that

As discussed in skype, going on vacation for a week. Book 3% action for next block.

So is it over?

It comes to the end. SS shows that he needs to play ~500games or a little bit less.

300 games left. taking a day off tomorrow to watch LoL world championship. will finish sat ET.

heater continues. im +$16k

Obviously, I'm very happy with the results.
Congratulations all.

Uploaded with ImageShack.us

name // % // % in $ // share of profit // sent

bradomurder // %4 // $240 // 659.24 // sent on stars
phgrinder // %1 // $60 // 164.81 // sent on stars
variancekiller // %7.5 // $450 // 1236.075 // sent on stars
biogas // %5 // $300 // 824.05 // sent on stars
aboesing // %1 // $60 // 164.81 // sent on stars
unris // %5 // $300 // 824.05 // updated
Dublimax // %5 // $300 // 824.05 // sent on stars
Killerius // %5 // $300 // 824.05 // sent on stars
NIVEKii // %1 // $60 // 164.81 // sent on stars
maritsula // %25 // $1500 // 4120.25 // sent on stars
Wertoph // %5 // $300 // 824.05 // sent on stars
Yoshimitsu77 // %5 // $300 // 824.05 // sent on stars
wiarygodny // %10 // $600 // 1648.1 // waiting on MB transfer
pucilpet // %10 // $600 // 1648.1 // sent on mb
Ragney // %2.5 // $150 // 412.025 // sent on stars
voidmind // %5 // $300 // 824.05 // sent on stars
Tim64 // %3 // $180 // 494.43 // sent on stars

If you are a backer for the next block I have kept your new stake rolling forward and send you the difference. If you are not a backer for next block i am sending profit + your principle.

Plz reply in here or PM/skype me if there are any issues.

thnx everyone.

** Hit my 10k daily transfer limit. I will transfer the rest in 24hrs or sooner if stars increases my limit (emailed them).

new thread

LT3 - 60s/100s Hypers Round 2! [SOLD OUT]

Money received.
Gratz on the fantastic results!
GL for next block

Originally posted by Dublimax
Money received.
Gratz on the fantastic results!
GL for next block

+1. Sick achievement!

received. What a great play.