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Message: [QUOTE="IADaveMark, post: 6405777, member: 490208"] The entire point of markup is that it has nothing to do with the risk/reward of backing someone. It is straight up pocketed by the person being backed. The justification for it is often "you are getting the privilege of railing me, sweating with me, and the entertainment that provides." But we could get that for free, right? Simply by watching and rooting for someone? A lesser-used justification for markup is the non-buy-in expenses like travel, etc. Is Phil really worried about paying for getting to WSOP or having dinner there? If you simply use the one $50k event... let's say Phil sells 20% of his action. So 10k, right? But with the markup, he is pocketing $3k even if he faceplants on the first hand by shoving with 72o. Not bad for 2 minutes of sitting at the table. [/QUOTE]