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I had another piece of a player, Jordan Cristos, who final tabled event 89 at the wsop for >186,000$...

 

Jordan_Cristos__2019WSOP_EV89_DAY2_HOCHS

 

That four cashes total this year for the wsop as a backer.

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What I got yesterday,met Joe and we made a trade and I bought some extra gear he was not using.I listed my reel to reel on the forum and he contacted me and I was driving to NC on Friday and he told me about his Aric Audio Southern BB2 amp,so I loaded up the reel to reel and we worked out a deal.The amp sounds great and he is now  enjoying the reel to reel.I am really surprised at the sound of the el84 tubes,I did change the 12ax7’s for 12au7’sand that really helped the sound.

F1D3ADE1-943F-4302-84F3-ADC75D3E5F9C.jpeg

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On the way to pick up a new pair of REL 212 SE this morning


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I finally got a new audio rack after my last one ended up warping to crap (which was expensive).  I wanted something simple and it seems to get something simple, it was cheap (particle board).  The adjustable shelves were rated at 25 lbs, but I strengthened one of them to put 40 lbs worth of mono block amps.  Eventually, when my extra garage is built, I'll have a table saw and build my own rack.

Don' mind he TV on the ground, I am redoing the fire place and mantel. 

 

48342345257_a00f48a737_k.jpg

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811b457f35be2915d67b5dd2a1fa4970.jpg

On the way to pick up a new pair of REL 212 SE this morning


Sent from my iPhone using Tapatalk

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21 hours ago, Schu said:

I had another piece of a player, Jordan Cristos, who final tabled event 89 at the wsop for >186,000$...

 

Jordan_Cristos__2019WSOP_EV89_DAY2_HOCHS

 

That four cashes total this year for the wsop as a backer.

 

So I think I understand the concept.. what does that mean for you when you stake these players and they do well? You get your stake back, or stake + a percentage? This isn't really something I even knew existed, so it has my interest piqued.

 

You're gambling on a gambler's ability to gamble?

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59 minutes ago, Thaddeus Smith said:

 

So I think I understand the concept.. what does that mean for you when you stake these players and they do well? You get your stake back, or stake + a percentage? This isn't really something I even knew existed, so it has my interest piqued.

 

You're gambling on a gambler's ability to gamble?

@Thaddeus Smith Thanks for asking this, I had/have no idea what @Schu is talking about.

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1 hour ago, Thaddeus Smith said:

You're gambling on a gambler's ability to gamble?

The basics...

 

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A friend helping a family friend called and I ended up with something vintage. I'll know more later on.

 

http://www.vintage-speaker-review.com/2014/01/fisher-xp-7-speaker-review-and-price.html

 

IMG-20190722-152830.jpg

 

Provenance from what I was told is backed up by the shipping labels and the declared value when shipped from NYC in 1969. Belonged to a another friend that had passed, these had been boxed up since 1981. 

 

IMG-20190722-154332.jpg

 

Dusted them off, the grilles have a metallic gold threading through them.

 

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On 7/22/2019 at 4:05 PM, JohnJ said:

 I'll know more later on.

Well, they sound awful to me. Decent bass, not any spaciousness, missing mids and treble.... wait, I'm accustomed to the horn loaded Klipsch sound.

 

Couldn't imagine any company putting something so anemic out in the late 60s when PWK was selling Khorns for a decade or more already.

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26 minutes ago, JohnJ said:

missing mids and treble

anything blowed up?

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No @babadono just weak sound from those double mids and tweeters.

Mind you...Heresy IIs for thirty years that I upgraded to Forte IIIs with a pretty good sub. Think I might be spoiled by the stereo rigs I've had since then!!

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1 minute ago, JohnJ said:

No @babadono just weak sound from those double mids and tweeters.

Mind you...Heresy IIs for thirty years that I upgraded to Forte IIIs with a pretty good sub. Think I might be spoiled by the stereo rigs I've had since then!!

Roger.

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Low power anyone? Have been cleaning and playing with this new to me 12 watt per channel classic. Pioneer SX-424

6a7241ac18576c75f684029dbffdc951.jpg

 

 

 

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I love the look of this statue,  i did not get it today per say but did get it very recently

 

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On 7/22/2019 at 6:52 AM, A1UC said:

On the way to pick up a new pair of REL 212 SE this morning 

 

Congrats on the Nice pair of new RELs I read the very impressive spec sheet. I use a older pair of REL Stentor II in my setup. 

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Got Subs Unpacked


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10 minutes ago, A1UC said:

f3bae8d7c842733041b2d20ed4ccbcb7.jpg

Got Subs Unpacked


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Very nice, I can only imagine what it sounds like. Those bass drivers look identical to the drivers in the Palladium sub.

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Very nice, I can only imagine what it sounds like. Those bass drivers look identical to the drivers in the Palladium sub I never got them hooked up , I’m waiting on some other I need .

bdc19f5a7e8e3c8d45c5013770ed9b4a.jpg



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On 7/22/2019 at 11:07 AM, Thaddeus Smith said:

 

So I think I understand the concept.. what does that mean for you when you stake these players and they do well? You get your stake back, or stake + a percentage? This isn't really something I even knew existed, so it has my interest piqued.

 

You're gambling on a gambler's ability to gamble?

If a player cashes, you get your investment back plus the profit in dollars equal to the percentage you initially invested... minus any mark up and tax withheld. Better players cost more to invest in than lower level players. Mark up usually runs from 0 to as much as 2... most players running around 1.2 to 1.3

 

For example... if it costs a player $1000 to enter a tournament. That player puts up a percentage of himself, say 80%, and investors buy the percentage they want. If I buy $100 worth, I own 10% of the player... if that player cashes for $100,000, my payout would be $10,000 the other investors would split the rest of the staked 70% and the player himself pockets 20%.

 

That is a simplified example as the buy in can range from $500 to $1,000,000... and the corresponding winnings scale to the size of the buy in or the size of the field that plays. A million dollar buy in might only have 20-50 players but a $500 Buy in tournament might have 10,000 players.

 

Now... the reason we do this is... it spreads risk out and helps to reduce the effects of variance by keeping your monies spread out among more potentials than if you put all your money on one player... namely yourself.

 

Personally I sponsored 12 'campaigns' this year during the WSOP... I had four cashes. This means I was running at 33% win rate... which is running like god... way above expectation. On those four wins, my average ROI (return on investment) is over 35x... 350%

 

Post Script: I understand the view that playing poker is 'Gambling',  the reality is... this is a skill based game. While it is certainly possible for a recreational player to beat a highly skilled player, it is impossible for that recreational player to consistently beat that skilled player. One thing that makes poker great is this element of chance... this keeps rec players coming back for the chance to compete.

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