when does the makeup gravy train stop?

[outragous76]

hardly wonga Deano, that's interest free.

1k borrowed..2k paid back?

its to do with the fact that if you weren't in make up and you won 2k, you would only see 1k of it, its like drawing down on future winnings

[Honeybadger]

hardly wonga Deano, that's interest free.

1k borrowed..2k paid back?

This is not in any way unfair on the horses, and is not charging them a vig or anything like that. As Guy says, imagine a horse wins 2k when not in makeup and cashes it out - he will only get 1k of this, the other 1k goes to the backer. So it is exactly the same deal.

[kinboshi]

The old axiom 'you don't know how good a horse you have until they are 200 buyins in makeup' rings true. 

It's one we should all live by.

[the sicilian]

hardly wonga Deano, that's interest free.

1k borrowed..2k paid back?

its to do with the fact that if you weren't in make up and you won 2k, you would only see 1k of it, its like drawing down on future winnings

yup got you now...

[Longy]

Highest makeup brags, once got to $192k, anyone beat that?

Thelipofund has admitted to being 200k+in the hole earlier in the year, he is down to 5 figs now.

http://forumserver.twoplustwo.com/174/poker-goals-challenges/welcome-grind-my-very-own-pgc-thread-1305705/

Is his 2p2 blog pretty eye opening his work ethic is ridiculous

[Marky147]

Highest makeup brags, once got to $192k, anyone beat that?

Thelipofund has admitted to being 200k+in the hole earlier in the year, he is down to 5 figs now.

http://forumserver.twoplustwo.com/174/poker-goals-challenges/welcome-grind-my-very-own-pgc-thread-1305705/

Is his 2p2 blog pretty eye opening his work ethic is ridiculous

Was a really good read, spent most of this afternoon reading it from start to finish. Given how much he plays, he seems a very well balanced guy and definitely rooting for him to get out of it with FTOPS coming up!

Also, with regards to the thread subject, I noticed the latest member as of earlier today was 'sheets' and the email listed was some form of 'haber@'

[rfgqqabc]

Highest makeup brags, once got to $192k, anyone beat that?

Thelipofund has admitted to being 200k+in the hole earlier in the year, he is down to 5 figs now.

http://forumserver.twoplustwo.com/174/poker-goals-challenges/welcome-grind-my-very-own-pgc-thread-1305705/

Is his 2p2 blog pretty eye opening his work ethic is ridiculous

Was a really good read, spent most of this afternoon reading it from start to finish. Given how much he plays, he seems a very well balanced guy and definitely rooting for him to get out of it with FTOPS coming up!

Also, with regards to the thread subject, I noticed the latest member as of earlier today was 'sheets' and the email listed was some form of 'haber@'

Yeah i saw the sheets signup too, probably put off when he saw the 300 post count for staking.

[Rupert]

Highest makeup brags, once got to $192k, anyone beat that?

Thelipofund has admitted to being 200k+in the hole earlier in the year, he is down to 5 figs now.

http://forumserver.twoplustwo.com/174/poker-goals-challenges/welcome-grind-my-very-own-pgc-thread-1305705/

Is his 2p2 blog pretty eye opening his work ethic is ridiculous

Was a really good read, spent most of this afternoon reading it from start to finish. Given how much he plays, he seems a very well balanced guy and definitely rooting for him to get out of it with FTOPS coming up!

Also, with regards to the thread subject, I noticed the latest member as of earlier today was 'sheets' and the email listed was some form of 'haber@'

Yeah i saw the sheets signup too, probably put off when he saw the 300 post count for staking.

[18/07/2013 16:27:36] Eric Haber: finally opened a blondepoker account....didnt realize it was so big
[18/07/2013 16:27:50] Eric Haber: had to answer these f ing british trivia questions
[18/07/2013 16:27:59] Eric Haber: before my registration was processed
[18/07/2013 16:28:38] Eric Haber: Who makes the Astra, Corsa, Agila, Insignia and Adam cars? :  What colour are Royal Mail pillar boxes?: What number does the Prime Minister live at?:
[18/07/2013 16:28:42] Eric Haber: damn thk god for google
[18/07/2013 16:28:46] Eric Haber: lol

[tikay]

!

[Marky147]

Highest makeup brags, once got to $192k, anyone beat that?

Thelipofund has admitted to being 200k+in the hole earlier in the year, he is down to 5 figs now.

http://forumserver.twoplustwo.com/174/poker-goals-challenges/welcome-grind-my-very-own-pgc-thread-1305705/

Is his 2p2 blog pretty eye opening his work ethic is ridiculous

Was a really good read, spent most of this afternoon reading it from start to finish. Given how much he plays, he seems a very well balanced guy and definitely rooting for him to get out of it with FTOPS coming up!

Also, with regards to the thread subject, I noticed the latest member as of earlier today was 'sheets' and the email listed was some form of 'haber@'

Yeah i saw the sheets signup too, probably put off when he saw the 300 post count for staking.

[18/07/2013 16:27:36] Eric Haber: finally opened a blondepoker account....didnt realize it was so big
[18/07/2013 16:27:50] Eric Haber: had to answer these f ing british trivia questions
[18/07/2013 16:27:59] Eric Haber: before my registration was processed
[18/07/2013 16:28:38] Eric Haber: Who makes the Astra, Corsa, Agila, Insignia and Adam cars? :  What colour are Royal Mail pillar boxes?: What number does the Prime Minister live at?:
[18/07/2013 16:28:42] Eric Haber: damn thk god for google
[18/07/2013 16:28:46] Eric Haber: lol

[outragous76]

Zomg, sheets is my hero! Please start posting on blonde!

[kinboshi]

Highest makeup brags, once got to $192k, anyone beat that?

Thelipofund has admitted to being 200k+in the hole earlier in the year, he is down to 5 figs now.

http://forumserver.twoplustwo.com/174/poker-goals-challenges/welcome-grind-my-very-own-pgc-thread-1305705/

Is his 2p2 blog pretty eye opening his work ethic is ridiculous

Was a really good read, spent most of this afternoon reading it from start to finish. Given how much he plays, he seems a very well balanced guy and definitely rooting for him to get out of it with FTOPS coming up!

Also, with regards to the thread subject, I noticed the latest member as of earlier today was 'sheets' and the email listed was some form of 'haber@'

Yeah i saw the sheets signup too, probably put off when he saw the 300 post count for staking.

[18/07/2013 16:27:36] Eric Haber: finally opened a blondepoker account....didnt realize it was so big
[18/07/2013 16:27:50] Eric Haber: had to answer these f ing british trivia questions
[18/07/2013 16:27:59] Eric Haber: before my registration was processed
[18/07/2013 16:28:38] Eric Haber: Who makes the Astra, Corsa, Agila, Insignia and Adam cars? :  What colour are Royal Mail pillar boxes?: What number does the Prime Minister live at?:
[18/07/2013 16:28:42] Eric Haber: damn thk god for google
[18/07/2013 16:28:46] Eric Haber: lol

Hehe, I added those questions.  They're to stop Russian and East Asian spammers and spamming bots.  Figured that any genuine non-Brit would be able to Google for the right answers.

[lucky_scrote]

I could write all day about backing. I've been backed and I've backed other players.

People are getting a lot more savvy these days so there seems to be less and less staking deals floating about than there used to be.

It's totally up to the backer to get it right and there are a lot of factors to include. Firstly, you need to know the person fairly well especially if he is playing live and he is handling money. I can promise you that there are a larger percentage of people that will steal money when they are busto than you think. I've known what I thought were some fantastic gentleman only to find out later down the line when they are busto and in lots of MU they are lining their pockets with your staking money. In my experience, the best way to avoid this is to have known the person for a longer amount of time as people who have been around on the circuit for a long time are generally people that would not risk tarnishing their reputation. Hey, you can also check google too. There are a few threads on 2+2 just type "Daniel carter scammer" or whatever into google and if hits come up, bingo! It's not rocket science. Request all usernames from all online poker sites and run the same google check. Hopefully this wouldn't be necessary if you have known the person for a long time.

I think the biggest reason for losing players being backed is the backer not realising how bloody hard poker is, especially when someone is under it so they feel that they can back any muppets beating low stakes online to go and crush the wsop in vegas.

Volume volume volume. Oh look Joe Bloggs is beating the stars high stakes schedule in the last 3 months. 2000 games played, ABI $100 and an ROI of 50%, he is crushing the game where do I sign up?!?! It's taking time but people are starting to understand how vile variance is (see here http://blondepoker.com/forum/index.php?topic=60759.0).

Finally and this one should be obvious but it's amazing what you see and that is bankroll management. I don't think I need to explain that one.

[kinboshi]

I could write all day about backing. I've been backed and I've backed other players.

People are getting a lot more savvy these days so there seems to be less and less staking deals floating about than there used to be.

It's totally up to the backer to get it right and there are a lot of factors to include. Firstly, you need to know the person fairly well especially if he is playing live and he is handling money. I can promise you that there are a larger percentage of people that will steal money when they are busto than you think. I've known what I thought were some fantastic gentleman only to find out later down the line when they are busto and in lots of MU they are lining their pockets with your staking money. In my experience, the best way to avoid this is to have known the person for a longer amount of time as people who have been around on the circuit for a long time are generally people that would not risk tarnishing their reputation. Hey, you can also check google too. There are a few threads on 2+2 just type "Daniel carter scammer" or whatever into google and if hits come up, bingo! It's not rocket science. Request all usernames from all online poker sites and run the same google check. Hopefully this wouldn't be necessary if you have known the person for a long time.

I think the biggest reason for losing players being backed is the backer not realising how bloody hard poker is, especially when someone is under it so they feel that they can back any muppets beating low stakes online to go and crush the wsop in vegas.

Volume volume volume. Oh look Joe Bloggs is beating the stars high stakes schedule in the last 3 months. 2000 games played, ABI $100 and an ROI of 50%, he is crushing the game where do I sign up?!?! It's taking time but people are starting to understand how vile variance is (see here http://blondepoker.com/forum/index.php?topic=60759.0).

Finally and this one should be obvious but it's amazing what you see and that is bankroll management. I don't think I need to explain that one.

Give it a few days, and this thread will appear in Google for the search "daniel carter scammer"

[pleno1]

Lollllllll