"I need help rant", stake

sorry for the post being so chaotic and ranty

hopefully enough people will read this wall of text that maybe some rich bastard out of those enough people are willing to help out and work with me for a while.

Ive also asked Ket to post some comments about his side of the whole thing in the comments

peace

oh and also, i forgot



also nr2

maybe its wrong to be a featured blogger and "useing" it as publishing it for more attention on the frontpage, im cool with mods removeing the post from the frontpage if i did something wrong.

I don't have enough money online to stake someone for those stakes but in case anyone else feels like a joint venture I can probably buy a decent sized piece of it.

Lycka till

how much of a roll would you need to start this off?

If a single investor is not found consider doing what player999 did with the SCOOP/WCOOP stakes that he got.
Its a bit more complicated but it gets shit done i think.

On October 24 2012 08:44 spets1 wrote: how much of a roll would you need to start this off?

exacly.

And how does this work? Let's just say *A* would stake you 5.000$, and after maybe 1 month of grind that 5k$ would be 25.000$ (just an example)..
And then what? *A* gets 5k$ back and 50% of profit?

i rather talk that over via skype with guys that has the type of money to back a multitableing "longterm" mid/HS stake, but it would just be a regular stake, shoot in some money, maybe 20k to start with, if it goes bad in the start then negotiate how much we want to invest keeping up playing 5/10 maybe send 10k more if it starts off bad, if it starts off good then maybe the initial 20k is enough to keep going, or what ever the first transfer is.

but pretty much some1 to bank for me to 6-12 table up to 5/10 and then have % of the winnings (hopefully) be able to put in decent volume until we reach our goal, if its a volume goal or profitgoal or what ever we would decide

for example i did a stake with daut before, and that started with him sending 15 or 20k i dont remember wich as a startroll, and he didnt have to send more then that after it because i went on a 17k heater right away, and we had a goal to make xxx$ profit, and then i played xxx k hands until we reached that profit goal we set before starting the stake, we did 60/40 my favour, so i sent him back the initial 15-20k that he sent me + 40% of the xxx$ winnings that i made. and i kept 60% of the profits.

Why dont you just get a loan?

personally, if i were in your spot, id get a loan from a friend.

id recommend go ask sauce tho, he's staking ppl as he has said in his most recent blog post on leggo.

On October 24 2012 08:52 HaiVan wrote: If a single investor is not found consider doing what player999 did with the SCOOP/WCOOP stakes that he got. Its a bit more complicated but it gets shit done i think.

I'm up for something like that assuming the majority of the investors are people with good reputation and/or people I know/have reason to believe are solid.

On October 24 2012 09:59 MARSHALL28 wrote: personally, if i were in your spot, id get a loan from a friend. id recommend go ask sauce tho, he's staking ppl as he has said in his most recent blog post on leggo.

+1 on this.

On October 24 2012 07:56 DustySwedeDude wrote: I don't have enough money online to stake someone for those stakes but in case anyone else feels like a joint venture I can probably buy a decent sized piece of it.

i staked longple at the end of 2011/beginning of 2012. i would sometimes watch his sessions and at first i was kinda blown away by his NL skill. he was the closest thing I had seen to how my good friend genius28 played NL back in the day. he played really tough and creative, fought very hard to win pots but was also capable of making laydowns that most regs wouldnt. ive seen a lot of very good NL players, but he has perhaps the highest ceiling in NL of all the people ive watched/been friends with.

as a horse he did have some big swings. i know he went from being up 15k to down 15k to up 30k at the end with smaller swings in between. this was due to a few things. the first is that when you play like he does variance is natural: bigger bluffs and bigger calldowns leads to more swings. and the second is that his style requires huge precision since mistakes are magnified and if he was ever slightly off he would lose a little more in those sessions. the third was due to some game selection issues, he did like to battle in tough lineups, deep tables with antes and occasionally some HU. however, despite these swings he crushed the games under the stake. i believe he made 30k in roughly 150k hands of mostly 2/4-5/10 in under 2 months.

but he was overall a great horse. he never played above 5/10 without getting the go ahead first, kept me updated how he was doing all the time with graphs and balances, let me watch him play and grinded very hard. longple has a similar characteristic to others ive staked in that when hes on his own he takes crazy shots and goes off the deep end, but on someone elses money will be disciplined. i think being staked would be a mutually beneficial relationship to anyone who takes him up.

two pieces of advice: just avoid HU and try to get a minimum profit before quitting. the second is very important for both sides. longple is the kind of player who can go on his own with 10k, play his A+ game and run it up to 200k. so the backer could be in a position where 80% of the time longple wins 10k and 20% of the time he goes on a downswing and the backer might want to quit before the upswing like what happened with ket. this really limits the upside to the backer. and it is hurtful to longple too. he needs to grind up a roll and become a disciplined person on his own. the first step to doing that is to be overrolled before he reenters the world of playing for himself. i would suggest setting this mark at 60k overall. so if you had a 50/50 deal then 30k going to each side before he can go on his own sounds like a very good idea.

im in the usa right now and im sure longple wants to get set up quick and the amount he can play and make in the time before i will be back outside the USA is pretty staggering. ive always said a good cash game horse makes the very best horse, its just very rare to find them and most horses that you might look into for cash would be bad investments. my guidelines for a cash horse basically describe someone like longple: a great player who goes crazy on his own but is trustworthy and a huge winner in stakes up to 10/20.

if nobody takes him up on this before i get back to canada then i would try and be a part of an investing team with longple, but i think its better for him to get set up quicker. GL!

yea you shoould pm sauce, I remember him offering a stake few weeks ago in his blog

if you cant get someone in a couple of days, def figure out all the details (with a big bankroll) and put it out there for everyone here to buy pieces like I do

u guys <3

how many times did you go at nl5k+ and went broke?

Times like these where I wish I had the money to invest in something that'll actually make money

Also, I've mostly lurked here, but I can vouch for longple being a stand up dude. He's helped me loads with reviewing some hands, general tips and ideas!

On October 24 2012 10:28 pinbaLL wrote: Show nested quote + On October 24 2012 07:56 DustySwedeDude wrote: I don't have enough money online to stake someone for those stakes but in case anyone else feels like a joint venture I can probably buy a decent sized piece of it.

Hey!! Someone was asking about you yesterday, and here you are, wow!!