Rankings profit by Raul Mestre
We leave with the last article Raul Mestre has left in his weblog. Raul It gives us his opinion on the rankings in live tournament earnings and little meaning that they believe are actually .
The truth is that the issue of earnings rankings is something I find particularly remarkable. Following a conversation during the FTOPS, I realized the importance that many people give to these rankings and therefore the fact that have significant value. Thinking about it, I went through my head the crazy idea of playing a NG of a lot of money every few hours “live”, so that in 2 months any player who would wish to profit leader.
Of course, no casino is supposed to allow such a thing. Who would want to organize live SNGs only to promote the rankings of the players involved and give them fame?
But the fact is that what happens in practice is almost exactly that. Since the tournament rankings can not (for reasons of practicality and image) include the costs of the inscriptions of the players, these rankings serve as little more than to show who plays many and / or a few tournaments. Someone who plays every tournament in the world, he spent 1 million per season, after 5 seasons will have a profit relatively close to 5 million (with the variance / edge / rake). This automatically means that this play would be one of international leaders at the level of earnings, and would (or could do, go) quite a story to make it a pro. Come on, that eventually the pros play tournaments largely because it is necessary for your image, and what they do is invest in it. Once you have millions in profits, your picture is worth money, go to tournaments still a cost and least important is your ROI . With 0 cost, easy to be viable to continue in the circuit. I guess this explains the amount of “stars” whose only concern is to sell the image properly, without worrying too much about whether their level of play is remotely close to that assumed. How important is the level of play for someone in this situation, and they can always say they have X million won tournaments when asked
The curious thing is that it occurred to me what would happen if you do the same with the cash. That is, if you add each jackpot won (or each session) without subtracting the boats (or sessions) negative, the figure would be quite chilling. I mean, it would be a number of 12 or 13 digits for any high stakes player. And with the tournament is exactly that!
In the end, all this comes because interested in creating an image of “professional” using the showcase of live tournaments.Must be the best way to create an image, using numbers that are not directly false impressions that sell personal and Poker in a way attractive to the public who do not know.
Changing the subject, as I am with sensitive issues that touch one again some time about the situation in Spain and specifically on the mortgages. Those who will remember that leísteis mortgaged thought was a lousy idea for the person in a typical economic situation. On this issue, the current situation in the country makes me think things. The famous housing crisis has had an origin in defaults on mortgages.
Looking at it more comprehensively, it happens that it is the banks that buy the houses, and therefore the price fixing. Since 90% (well, probably more) of the houses in the country are purchased through mortgage, the price of a home is directly linked to the mortgage that a bank may grant to a worker without the cost of late payment will makes them less money (this is the line we have now passed, and from there throughout the freezing of the sector which will be solved when the price of houses conforming mortgages that now can / want to give the banks without causing so many defaults losing money).
But, because we have come to this? There is no doubt that conducted scientific analysis can take into account many factors. But in the end there is an obvious thing: It has come to this because the default rates increased. Considering that nobody buys a house pretending that seized him, this should make you think because you have gotten here. From my point of view, this is because it takes into account the cost of flexibility. That is, what he was talking in the other article: A mortgage with a typical salary puts a person in a situation where, for any failure, his life implodes. And this has happened very often (enough to cause this crisis).
In the end, the banks set a price for the housing market is the most you can pay for something with a typical salary. This should be a warning sign if you still think about buying a house. The price of what you buy depends only on how much you think you can pay the bank over your life. It has to do with the value of the property itself, just with what the bank thinks you can pay for something throughout your life. To me the idea I find it quite disturbing, since for many people will be the purchase of their lives .
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