Poker Investing Question
BigKahuna
Banned
So I have a friend she plays a lot of poker tournaments, etc.
She has never played in the WSOP event in Vegas but thinks she is ready to this year.
So if I put up the 10k , what is my cut ?
Is there a set arrangement or does everyone make their own arrangement ?
Just curious, she wants me to offer a percentage but I have no clue what to ask for.
thanks,
She has never played in the WSOP event in Vegas but thinks she is ready to this year.
So if I put up the 10k , what is my cut ?
Is there a set arrangement or does everyone make their own arrangement ?
Just curious, she wants me to offer a percentage but I have no clue what to ask for.
thanks,
Comments
On a 1 time freeroll with no makeup you would be crazy to give her any more then 10% (and I would assume this would be lighting money on fire as well)
I say that because you didn't mention what type of tournaments she plays. To many people to many races the skill factor gets less and less when your competing against 1000's. you should take a shot you seem to play well according to your stories and what's most impressive with your last story you learned something and I'm sure you won't make that mistake. I play but my limitations are a 2/5 NL anything higher above my class.
Fucking epic. Good shit, OT.
he made a little over 3mm
Don't really know to much about the rumors about who's broke and who's not but I'll tell you one thing a lot of the bigger names play Craps and Baccarat for very Large Money. So if you told me he was broke I would believe it. I don't think Helmute has put a dime for the big one in years at least that's what I'm told from very reliable sources.
I came to post this and you fucking nailed it. Great job old man.
But as anyone who took econ 101 will know there are plenty of economic theories that would allow for you to spend that 10k in order to get some.
Good luck in what ever you do.
How did okie do?
Unfortunately okie had to pull out right before the tourney. We had a signed notarized contract and it was legit. Hopefully he will enter again because I would like to try to back him again this year.
but to put a full 10k is questionable, anything more then 0.5% of your roll on a one-time tournament purchase is not wise
lol, I wanna see her equity when she realizes the levels are 120min and not 20. I think he is doing it for fun and not the $, post the pic BK
Excellent post, I myself am an example of this. I will generally bankroll myself 100% in tournaments 1k and under, 2k and up will generally post up 50% of my own and sell each remaining 10% for 7%. Ex. 5k buy-in, I post up 50% and the remaining 50% is sold for a 35% share, therefore I am playing for 65%...50% true equity, and 15% sweat equity. It's worked out very well for the parties in the group that have partaken. Now for someone new that has no prior history with you I would pull their player profile up and see how many cashes they at least have on record and get an idea of how many tournaments they play a month/year etc. In any case, I would not recommend putting up the entire entry, JMO but I definitely would want them to have some "skin in the game" as I believe it makes a big difference. Also, you need to have a mutual understanding ahead of time if they get down to a chop situation, ie., no chop or chop only if top three spots etc. if it's a seasoned player I would let them make the discretionary call based on each specific situation ie., player skill level remaining, blinds structure, etc. Again, this is just one way that I do it and it has worked well for me....as Goats said, I'm far from broke but it is a way to leverage the amount of tournaments played while at the same time being able to handle the variance that comes with the territory. One other thing I forgot to mention, I won't play if there isn't a decent overlay and I very rarely will go more than a single bullet unless it is an extremely good overlay and the blind levels/times are still low relative to starting stack. Just some food for thought BK if you're serious about putting that player in, hope it helps. Btw, I'm in for seeing that picture as well
Excellent read. Now I realize I got you and BK mixed up in post 8.
Thanks, will definitely try and make it next Tues., will set that part of the afternoon aside and leave my office early....might try and petition for the bar at the book in Venetian if possible lol. Btw, that is exactly one week from the advisory panel meeting on MNKD, it's getting pretty close. See ya soon -R
Coops and Buy The Hook backed me but my back was in too much pain
We will do it again
WSOP main event is a f---- grind; mentally, but much more physically
BK, tons of good players
Tons
Would love To back you again. Just let me know. Have fun this week in Vegas!
The young lady seems like a great lady with her shit together and her and I have become good friends over the past few years, by good friends I mean she is a bartender at my favorite watering hole and I see her every Thursday where me and the fella's change envelopes. She is no fool she knows what we are all doing there every Thursday but not sure she knows the amounts.
Anyway , she has talked about Poker for a long time, I rarely paid attention until the topic turned to the Main event a couple months ago, she said something to the effect I want to go play it this year If I get an investor/sponsor. So the topic has been getting kicked around for the past few weeks, I doubt I will pony up the 10k now that I have heard the views of pro's, but I might kick in 2,500 or 5k. But the more I think about it, the more it sounds like a pitcher in A minors wanting to pitch against the Angels thinking he can win. I guess it could happen, but most likely not.
I don't want to lend her the money as that would make my Thursdays awkward and I don't want that either, I would just like to help her out somewhat and be done with it I think.
Thanks guys really appreciate all the input.
p.s. I will work on the pix Thursday.
But seriously she knows the amounts in the envelope that's why the conversation took place and I know she brought up the WSOP.
I'm getting good in poker to. Just wanted you to know that but I play only cash games.
All in good fun looking forward to meeting you.
OT is grilling
Cash game at his house
Oh Baby!!!