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SaulPaul
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09-27-2008, 12:34 AM
Post subject: Help me steak sum1 (lc)
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#1 (permalink)
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3-of-a-Kind
Join Date: Apr 2005
Posts: 73
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apologies in advance for shitty thread but your help is appreciated
Im considering staking a good friend to play either 100 or 200nl. he went 'pro' (read dropout of uni) on a $5k BR, since then he has had to drop down due to living expenses, bad run of cards, by quite a bit. Hes interested in a staking deal, where i fund him for the 200nl (or i prefer 100nl) he was at before he went pro for 50% of profits. my main question is...
in your opinion has mid stakes FR got significantly harder in the recent months? Noticeable different?
My mian concern is every1 at those stakes is: good ldo, but mainly takes the game fucking sersoiuly and does a shit load of studying (ie. the games are a lot tougher than he / me gives them credit for)/
fwiw, i honestly believe he was at least profitable at 200nl 5 months ago
k that was typed out drunk (deal was considered sober ldo), any other info missed out will happily be provided
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elipsesjeff
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Moderator
Join Date: Jul 2004
Location: Northern Virginia
Posts: 4,900
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frankly i wouldn't stake someone with such poor money management. This sounds like a losing proposition IMO.
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Check out my videos at Grinderschool.com
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badgers
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4-of-a-Kind
Join Date: Feb 2007
Location: Spewing
Posts: 3,372
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winning players rarely need to be staked.
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3k post - Return of the blog!
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DaHorror
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Full House
Join Date: Jun 2005
Posts: 616
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Think of it this way ... you will share in 50% of his winnings, and 100% of his losses.
You are also helping fund his laundry and toilet paper bills.
I would not invest in someone who's life plan was - drop out of a university to play poker professionally starting out with $5000 whether his name was Einstein or Forrest Gump. I wouldn't discourage him from giving it a go - but it doesn't sound like a solid 'investment'.
Now if you've got some money to blow, and this guy's a friend - then feel free - but consider it (privately) as a gift to your friend and if you get paid out of it - that's a bonus.
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nutsinho
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4-of-a-Kind
Join Date: Sep 2005
Location: flattin ur 4bets, makin u tilt
Posts: 3,280
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don't do it. if he isnt the type to fuck you over, just let him borrow money with a small % interest. this should be more +ev for both of you.
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My bankroll is the amount of money I would spend or lose before I got a job. It is calculated by adding my net worth to whatever I can borrow.
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Stacks
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4-of-a-Kind
Join Date: Jan 2008
Location: Im opedipus bitch, the original balla.
Posts: 2,608
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Quote:
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Originally Posted by badgers
winning players rarely need to be staked.
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This imo.
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bikes
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a hot damn mess
Administrator
Join Date: Nov 2007
Posts: 2,463
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Quote:
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Originally Posted by badgers
winning cash players rarely need to be staked.
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FYP
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SaulPaul
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3-of-a-Kind
Join Date: Apr 2005
Posts: 73
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fwiw, im gonna create an ccount with the money in, and he will transfer half the profits to his account say every week.
he needs staking cos he started off with only 30 buyins, and apparently went on a redic downswing (was saying that way before any mention of a steak fwiw)
altho hes an ex alcoholic. at the age of 23, and still drinks
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30 buyin downswing 
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SaulPaul
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3-of-a-Kind
Join Date: Apr 2005
Posts: 73
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he didnt lose 5k he had to drop down to be reasonable
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jyms
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Tilting Mod
Join Date: Feb 2006
Posts: 4,837
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If he couldn't make it with 100% of his profits, how the hell can he make it on 50%?
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wellrounded08
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Flush
Join Date: Jul 2008
Location: ...Good Question........Where am I?
Posts: 366
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Quote:
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Originally Posted by SaulPaul
altho hes an ex alcoholic. at the age of 23, and still drinks
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This is all I will comment on.
A) There is NO! such thing as an "ex" Alcoholic. Ever, no exceptions. Only Recovering Alcoholics.
B)If he has a drinking problem, he needs to get help. But, that's neither here nor there. But that could be the reason for the "downswing" you're talking about.
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aka_red
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Moderator
Join Date: Nov 2004
Location: house
Posts: 903
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op your a moron of your actually considering this.
staking in general is pretty stupid. get staked = begging for money. now think about the last time someone was begging
for money. i can't think of someone in my entire life ever
that was begging for money that i would ever even consider
giving money to. yeah, that's right fuck the red cross.
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[11:11] <+bikes> bitches love your face
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KoRnholio
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4-of-a-Kind
Join Date: Jul 2005
Posts: 2,165
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Dropping out of university to turn pro with a $5k roll? Pretty terrible life plan. Confirmed by the fact that he went broke.
Even the math says don't do it. 50% of -$5k (or $o profit) = you will be SOL if you stake him.
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Some days it feels like I've been standing forever, waiting for the bank teller to return so I can cash in all these Sklansky Bucks.
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wufwugy
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4-of-a-Kind
Join Date: May 2006
Posts: 1,660
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in order to correctly stake somebody who need to know what it takes to beat that stake and know that they have that
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xX zorrito Xx
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Flush
Join Date: Oct 2005
Location: Wellington, FL
Posts: 300
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how do you have a 30 buy-in swing?!!! smells like poor playing to me...
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SaulPaul
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3-of-a-Kind
Join Date: Apr 2005
Posts: 73
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Quote:
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in order to correctly stake somebody who need to know what it takes to beat that stake and know that they have that
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this is good advice, and probably what i wanted to hear
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