You need to be logged in to your Sky Poker account above to post discussions and comments.
You might need to refresh your page afterwards.
Options
** JACKPOT SYNDICATE ** APRIL 2018 OFFICIAL THREAD **
StayOrGo
Member Posts: 12,127
APRIL 2018 SHARE ALLOCATIONS AS OF 30/04/18
APRIL 2018 LEDGER AS OF 30/04/18
APRIL 2018 ROLLOVERS AND MONTHLY SUMMARY AS OF 30/04/18
Comments
Screen shots sent to Dollie and Snuffer.
Cheers,
G
I have received the screenshot of the betting account and can confirm there is £1,364.45 in the account after the successful attempt at Wolverhampton (1/4/18) and the unsuccessful attempt at Wolverhampton (2/4/18).
We have £4,111.00 in the kitty which is equal to £12.42 per share.
As you know, I am no longer receiving the standing order payments from the syndicate, so we have three choices regarding dividend which I will put to a vote:
CHOICE A: Do not declare a dividend and continue with the funds we have, so we can potentially continue for a while without further subscriptions.
CHOICE B: Declare a £5 dividend and continue with the remaining funds in the kitty which would be £2,456.00
CHOICE C: Declare a £10 dividend and continue with the remaining funds in the kitty which would be £801.00
Please post your vote on here, bearing in mind that if/when the funds are gone, the syndicate will come to an end.
Many thanks.
G
MY vote would be £10 DIVIDEND or indeed £12.42 DIVIDEND but will happily accept the majority vote.
WELL DONE TEAM
* only if Graham wants to continue with it all. If not, 2nd choice is B.
I am happy to continue. My main concern was that we were not being successful, and it was a lot of effort/sacrifice for something that wasn't going well. It just got a bit demoralising, near miss after near miss, but this "could" be the lift we needed.
Does anyone object if I DON'T declare a dividend?
If we are successful again, within the next 5 attempts or so, then a dividend will definitely be declared.
Also, it's not just my time, we have to consider others too, particularly Roger who has the most time consuming job.
Roger, are you OK to continue?
Please note, if we do continue, I will still need everyone to cancel their existing standing orders and we will just see what we can do/where we can go with the existing balance.
I will still try and keep it to a £400 average stake per attempt, so we potentially have 10 attempts with the existing balance.
I guess doing this, we at least know that we have a few decent shots at it, for no further financial cost to anyone.
However I do recognise that some people may want a return.
Cheers,
G
Please post here, today or tomorrow if you would like to cash out. No problem either way, but it will need to be clear who's in and who's out before the next attempt.
This way, people at least have a choice.
Cheers,
G
My comment was to give Graham the option to close now if he wished.
I also have no problem with anyone cashing in their share.
Thanks Graham and Team for all your effurts,
Jackpot attempts 74 Jackpot wins 10
Average return £2,418 (4 times above, 6 times below)
Average stake £433 (17.9% x average return)
Based on averages 14 wins would have meant break even
5/6 winners on 36 occasions out of 74 (48.6%) and this includes 21 out of last 32 since Xmas (65.6%)
With 5/6 winners on 36 occasions it is reasonable to expect to hit 6 winners perhaps 50% of the time, ie 18 times, which would probably calculate to a £7k or £8k profit instead of a £7.4k loss.
In terms of dividend, I support option A as long as Graham is happy to continue. The above statistics suggest to me that we have been VERY unlucky so far, and if the luck turns slightly more in our favour then maybe with a £4k+ fund we can do quite well in the next 5 to 10 attempts.