blonde poker forum

Stake Proposal

Here is my proposal; I’m looking to be staked to play approximately 600 $50+$5 regular speed 9 man sit n go tournaments on Full  (http://blondepoker.com/index.php?q=node/12206)Tilt (http://blondepoker.com/index.php?q=node/12206) over the course of 30 days.

In this post, I hope to convey that this represents an excellent opportunity for people to make some money. I am very confident that I will provide a return of between 38% and 88% on your investment.

If you are interested, please contact me via pm.


The Mechanics.

I am looking for a total stake of $3,000. The reason this is so high is that I do not wish to play tournaments whilst inadequately bankrolled. I wish to offer all investors an almost certain chance of making a return and keeping their money safe.

Having said that, $3,000 is quite a lot to spend on one horse, so I am breaking this cake down into ten slices of $300 each. Ten different people to stake me $300.

Or indeed any combination really
You can buy 4 x $300 slices for $1,200, or bandy together with a buddy to buy one $300 slice. You can even stake the entire $3,000 yourself if you wish.

I intend to put in an average of 20 tournaments a day. (approximately 5 hours playing time)
You can keep track of me via sharkscope. I shall also be sending a daily pm or e-mail to all stakers with an update on my progress.

Rakeback is to be included in the amount earned and included with the profit when calculating your return.
FullTilt points will not be, but they're not worth much anyway.

The initial staking period will be for 30 days. After this time, the initial stake plus 50% of all profits will be returned to the stakers. (For example, if 10 people stake $300 each and I make $2,200 at the tables and earn $800 in rakeback after 30 days, $450 would be returned to each of the stakers.)
Please note, after purchasing a slice, you will not be able to get this money until the conclusion of the 30 day staking period.



Projections

I think I will be able to manage to play 600 tournaments.

The highest sharkscope stat I saw from the sample of 100 players I took playing the $50+$5 normal speed games at FullTilt were as follows.

580 games, ROI 18%*, $5,720 
410 games, ROI 21%*, $4,675

*This is the stat for just the regular $50+$5 tournaments specifically. The overall ROI for these players when taking into account all other games was 12% and 8% respectively.

I see this as an approximation of the upper limit of what could happen if things go very very well.


Realistically though, I am expecting anything in the region of 5% to 15% ROI for these 600 games.

Approximately profit then of $1,500 to $4,500. When added to the $800 rakeback, this represents anything between a 38% and 88% return on your investment.

Of course, it could all go horribly wrong and we’d lose the $3,000 55 buy-in bankroll. I’d estimate there’s only a very small chance of this happening though, perhaps less than 2%.
In the next section, you’ll see some of the procedures I am going to be implementing to lessen this risk of ruin to a minimum.


Focus

My focus will be on making money and playing better poker rather than how many games I can play simultaneously.

I will play no more than four tournaments at one time. These tournaments will be played in batches of four, rather than continuously keeping four tables open. This will allow me to take a breather and have a quick walk between batches to clear my head and prepare for the next set.

I will not be reading anything (such as this forum) while I play, I will not be watching any TV, or even listening to music.

I am going to spend an average of 90 minutes every day away from the tables working at reviewing my pokertracker, replaying tournaments and making notes on opponents.

I will spend a few days before the commencement of the 30 day period playing low limit games on Fulltilt to familiarize myself with the structure there.


My Poker History

I have tried to include the good and the bad in this brief round-up of my online poker career. I hope to show that I do have the ability to win consistantly. I also hope to convince you that I have learned from mistakes.

With over 3 years of playing full time. I have enjoyed regular success with a steady diet of the following...

$30+$3 3-table sit n gos on PartyPoker. 2004/2005
Multiple winner of weekly leader board and resultant heads up clash of the titans $1,000 game.

$55+$5 turbo 1-table sit n gos on Pokerstars. 2005/2006
Supernova VIP status achieved in 2006. Multiple final tables in the weekly Supernova freeroll.

$50+$5 1-table tournaments played on the Tribeca network in 2006/2007.
$50+$5 1-table tournaments on ipoker 2007.


I should mention that I been broke twice while playing full-time poker. Now follows a description of both these occasions, and brief interpretation as to the possible reasons behind them.

Mid 2004 : playing $15/$30 limit poker on Party.
I think it was a combination of a lot of holes in my game. Essential skills such as patience/discipline and knowledge were lacking.

Mid 2006 : playing  a combination of STTs, MTTs and cash games on Tribeca and Pokerstars.
Not earning enough to cover expenses. Living too lavish a lifestyle and not controlling expenses.


I left full time poker in 2007 as my person circumstances prompted me to get a proper job. My remaining bankroll covered expenses as I went about finding suitable employment.

I have been bust once while playing part-time poker.

Late 2007 : playing $55+$5 turbo 1-table tournaments on Pokerstars.
Not playing with a big enough bankroll. Also. Very possible that I wasn’t playing well enough to beat the games. Not giving them 100% of my concentration may also have been an issue.

I should probably also mention...

I got my butt kicked in a prop bet against Dale where we competed to see who could play the most turbo 1-table tournaments on Pokerstars in one month.

Current form.

I have played very little poker thus far in 2008. In the last week, I have deposited on Pokerstars to grind out their deposit bonus.  I have played just over 100 of the $15+$1 turbo 1-table tournaments but have made rather slow progress. (+$100 after 120 games; 6% ROI)



Thankyou

Thankyou for taking the time to read this proposal. I hope you see why I think I can make investors between 38% and 88% profit in just 30 days. Please consider buying a slice or two.

I welcome any questions from those genuinely interested, either on this thread or via pm. For reasons of privacy I may reply to some questions via pm rather than on the thread.

Im interested, but 50+5's even reg speed are going to be tough, fwiw sngs have got alot alot tougher in recent times as im sure you are aware.

I remember at the time of the prop bet with Dale that you admitted to using no ICM tools or having studied ICM in any depth, is this still the case now.

Great Proposal, put me down for $300

Excellent memory you have there.

I did take some time out after losing that bet to study ICM. For the most part, it involved me using some software that trains you by repetition.

Can't remember the name of the one I used (new pc since then) but I can search for it tomorrow if you wish. Dale recommended it to me either on the forum or via pm, so it'll be in the archives somewhere. (I may also wake up at 7am in a cold sweat having suddenly remebered what it was called.)

Ship it...9 slices left

Thanks for your reply.

As for ICM mate, i would recommend just taking the sngwiz (www.sngwiz.com) 30 day free trial. It does everything you can possibly imagine is needed icm wise.

Stick me down for $300, as well. I know a +ev opportunity when i see one, just i like to be nosey.

Fwiw this proposal should be used as a template for ppl wanting to be staked on blonde.

Good luck with this tank.

Thankyou longy....down to 8 slices now.

The proposal took some time to put together, so now I'm going to bed.
Will be back tomorrow to answer any more questions.

great proposal. Will u accept a bank transfer, bit low on tilt yo!

best of luck with this m8!!

whats in it for you tank?

$3k to relocate and start a fresh  50% obv

I'll take 5 slices please!

I will take 1 slice please Tank.
GL.

You still got a slice left? I'm up for it if so

Also, will you be playing in the SNG madness thing this weekend? Because that could be some added valoo I assume you are splittingt 50/50

Blatant I'm Loaded Brag post IMHO

I heard that flushy is pretty good at picking his horses! :D

If there are any slices left then put me down for one please tank.

Wooo, the Tank is back!

Stick me down for a slice if there's any left please.

Good luck Tank

good luck with this Thomas.

If there is still room i will have 1 slice but thats all cause im on a diet lol

Good luck with this. Unfortunately I've missed out but would've had a slice if it was available.

Obviously people are confident in you because you've sold out very quickly.

You've put together a very good proposal that inspires confidence. Nice to see it done properly as a business proposal with attainable realistic figures.

It's also good that you've highlighted the fact that you've busted a couple of times. Honesty pays.

Good luck again  :)up

I'll second the very well put together business proposal

It seems everyone wants that last stake (which I shalll point out I asked for first lol) - Id be up for splitting the last slice with someone else so we get a $150 chunk each?

If any room, put me down for $300.

Think there will be too much demand for all of us now, maybe we should all stake Amatay to get out of bed instead

TBh with so many looking to have a piece, Tank could step up a level if there is enough

I would also have staked the tank.

I think i posted next mate so i'd be willing to chop the last slice with you for sure. Maybe Tank will limit Flushy to less than 5 slices, not that he should but he may do.

Blatant "I've just won shed loads and am feeling flush" post imo.

;D

Good luck with this tanky, hope your going to start a daily progress thread as we all loved reading your other STT posts.

What happenned with the pub? Your missus doesn't mind that your going to be playing poker full time again?

wots ur username on tilt? would have been interested if any slices left

am i in tank? i was one of the 1st to reply.

Slices are to be distributed on a first come first served basis.

Here is the order in which people noted an interest.

Rookie
Longy
action man
User by pm request
Royal Flush (5xslices)
jakally


If there are any changes, priority will be given to the following people for one slice each.

Eck
DaveShoelace
dino1980
Silo Graham
Singhee
Evil Pie
Sherrif Fatman
bongo 
edit : AgentChip109




Some further details.

The 30 day period is to commence on Thursday 14th August and run until Friday 12th September.

Stakers funds are to be in place at least 4 days prior to the 14th August or the slice will go to one of the reserves.
Either by Full  (http://blondepoker.com/index.php?q=node/12206)Tilt (http://blondepoker.com/index.php?q=node/12206) transfer or other agreed upon means such as bank transfer. I will contact you soon with details.
The reason for the four days is to allow time to contact the reserves in the event of someone changing their mind, so that everything is set up and good to go on Day 1.


Thankyou again to all interested parties. Check your pm boxes and I'll drop some info in there soon.

good luck mate :)up

Yes, and a bank transfer will be good. I'll send you a pm soon. (Lot of admin this, I'm glad I didn't try to punt 100 $30 slices)

You didn't mention how much you were in for, so I assumed it was one slice.

TheTank's Staking Post<<<<<Dunk 619's Staking Thread.

In all srsness tho, VGL mate.

lol, cheers Horneris.

Thankyou everyone else too.

Of course we all know luck is irrelevant in the long run, but I'll sure as shit take some over just 600 tournies if it's being dished out.

Because of the wording of the OP and Flushy's timing, I will not insist that he forfeits his right to purchase five of the slices.

He might choose to himself. Other people may be willing to come to an arrangement too. So long as it's mutual between all relevant parties, it's fine by me.

flushy should re-sell slices @ $400 imo.

gl tank.

Lol if anyone wants my slice for $450, pm me.












This is a j/k btw.

That would be genius though ... selling on a slice at a profit before any action ftw imo ... if demand >>> supply then SELL SELL SELL !!

All is not lost for those who have just missed out.

Assuming all goes well in the first 30 days. I will be doing something similar in the following 30 days.
The only difference will be that I will not be playing as much. (360 tournaments instead of 600)

Those who have already have a stake will have the option to take just the profit and let the initial $300 roll over to the next month. Some may choose not to, and in this case the reserve list will get priority to come in on the deal.

I'd of staked you for the lot a 2 months ago. GL thomas.

More questions to answer on this thread and the reserve list I want to send pms to, but I have to push off now as I'm busy tonight.

Will come back to the above later tonight, sorry if I've not gotten to your question yet.

Fk my life I'd have had a part of this as well! 

Best of luck Thomas. 

gl man- as for all the stakers- money for old rope is the term that springs to mind- defo +Ev IMO

keep us updated like you done with your other challenges

gl tank, run good

GL tank

guess im too late

great presentation btw

welcome back to the game and looking forward to future posts

p.s. being a nosey bugger,Is the missus ok with this?

lol

Only just seen, would've been interested in staking, especially with tank only 4 tabling.
Adding to what longy said Thomas, get some practice in first, standard is getting tougher, at lower levels as the top sng'ers are dropping down looking for value.

That's certainly good advice.

I'll be doing a lot of work in between now and the starting line to make sure I'm as ready as I can be to play with other people's money.

It'll be starting later than that, so that won't applicable for this run.It is a good question though.

I have thought about it and I think the package that I have put together is fair, including the rakeback and all.

Hypothetically then, any money from other bonuses (such as raffles from futute SNG madness weekends) will not be included. Just the profit from the tournaments and the rakeback.

gl 4 tomorrow :)

Cheers.

+1

Best of luck Mr Tank, I would have had a slice but didn't want to bok you.

Good luck Tank, good to have you back ;)

All the best with this Tank (and stakers)

Just wondering why you've chosen FT? Is it purely down to rakeback or is there evidence that these games are softer than other sites?

Gl tank.  Cant wait for the updates!

fs woulda taken it all imo

600 x 55 is 3000?

he expects to win one of his 1st 50 tournies

Not going to do an update thread for this. Sorry if anyone got that impression.

Fair enough, good luck to you mate :)

best of luck tank

GL, i look forward to reading the updates.

will there be updates?

yes i believe Tank will be updating on a regular basis

any moment now

I love updates pob lwc Tomos

I've been looking forward to these updates, when they start?

yup, any minute now..

I can't wait for the updates!!

One of the best parts of a blonde thread is the updates, and Thomas really gives good update. It will be worth the wait, as long as it isn't too long.

bit confused.  where are the updates Tank promised yesterday?

he'll be perfecting them before posting them up

any moment now

he ussually posts in the early morning..round about 08:30'ish

 ;popcorn;

8:30ish... damn did I miss the updates?

yeah, they were beautifull..some of the best stuff he's ever written. He said he'll post again tomorrow.

cant someone who sharkscope him and put the graphs on here?

But then that would spoil the surprise of the forthcoming updates.

indeed.

also not keen on posting graphs up here keeping an eye on one particular player without him saying it's OK.

Sigh i really wish, I knew what was going on!

I think Tank is excluded from Sharkscope.

I miss the updates too.

updates at noon ?

Tank Update incoming......

.

Updates taking a while to come through!!!!!!

Has no-one given you the password to the secret part of the forum where Tank is updating?

PM Kev for details, he deals with all the passwords.

lol made me chuckle.

Shh that's one of the secret parts of the forum, you'll be telling him about the handshake next!

*rolls up trouser leg, exposes left breast*

spoke to him a few minutes ago he says the next update should in about 5 years and 30minutes

did i miss the updates?

By about 4 hours, never mind they are still available for viewing on the other board, if you have access.

can somebody update me with the passwords please?

It's the usual Inner Circle one, the one you were issued with when initiated.

I think we could do with updating the updates password as i'm concerned that people who have no right to access theses updates will hack the password unless we update it.

I think you're right. I've heard kev just gives it to anyone who asks, he doesn't cart who it is anymore

Kev has been slipping for some time now.  I recommend we update the hierarchy

get tank to do it, he's good at updating stuff

Isn't anyone doing a diary on the updates cos I'll just catch up there?

snoopy could write an article on them and then spam the rail forum with them?

dont we get the blonde update letter anymore? it should be in that.

Looking forward to these updates. Updates FTW.

 :)up  Nice updates Thomas, wp btw

im happy the updates have already made it into best of blonde.

keep up the good work tank

i know whats going on because i have a slice!   can't say too much tho

Nice level!

Todays update lacks depth and detail I feel.

more norkage in next update please

Good though aren't they! Much better than those free updates he used to do. Get what you pay for I guess...

i feel that the latest update is the best yet

long let them continue

If you dont start doing proper updates god will kill a kitten

Love the hero call with K high.

Great call although having AA cracked twice in 3 hands is a bummer

Wow I can't believe the other guy won that pot when you had the best hand.. FT's software compromised FACT!

Great updates Tank, keep em coming mate.

Hows this going Tank?  Presumably it is still going?

check the update thread ldo

Tanks update thread is HERE (http://www.youtube.com/watch?v=Yu_moia-oVI)

sneeky!

bastard split with our dough weeks ago, blew the lot on a creative writing course, fucking degenarate imo  ;nemesis;

Creative writing course is wank, teaches you to write for ladies magazines.

English degree ftw

ZOMG! Chip Rich IS the new Rick Astley!

I don't know, they've certainly added another dimension to your updates.

i saw his sharkscope he is om a massive upswing infact i think he has a superuser account

From Silo’s excellent, "mini ship-it" thread...


The phrase came from around about the time of 2006.
 
Not sure if I coined it or nicked it from somebody else, but I certainly used it fairly often. Perhaps it added a bit of spice, and made the reporting of results from grinding single table poker tournaments sound a little less dull.

It made the grind feel a little less dull for me too. Perhaps to too great an extent.

When I was on the last game of that 24 hour session in April of that year, where I needed a cash for a comma, I was more nervous than I was when I’ve been near the bubbles of big satellites, or on the final tables of MTTs.

Nowadays I don't usually check my results till end of session to avoid exactly this sort of scenario, it can change your play to the detriment of your EV. You're liable to start playing scared to try and lock in a profit, or a certain amount of profit.
It’s one of many changes, great and small, that I’ve made to my game over the last six months. Ironically, now that I’m a full time student and only a part time poker player, my approach to the game is far more ‘professional’ than it ever was when I was playing professionally.

Rules are still occasionally broken though, the little ones anyway. I was naughty and checked how I was doing while I was still playing the last 3 tables of my session on Wednesday night.

I was up around $1,100 according to sharkscope. A comma!  :D
Sharkscope would not yet have accounted for the the buy-ins in those last three games though, if I donked out of them all out of the money, my profit for the day would only be around $950. Not a comma!  :(

I donked out of the first two in 4th and 5th place, so again, I was down to the last game of the session needing a cash for a comma.
This brought back memories of that night in 2006, hence me mentioning it here, pardon the nostalgia.

After a long and tense bubble struggle on the last tournament, the other three players and I were all evenly stacked as I open pushed KQo from the small blind. The big blind was a regular who thought for a time and eventually called. He had me covered by like 60 chips.

My heart just sank. I had been nit-rolled by AKo.

I'd had a pretty shitty couple of months, experiencing a 1,500 game breakeven stretch, watching my overall ROI sink from a healthy double figured amount (which I was kinda proud of after all the work I’d done on my game)  to the relatively mediocre 7%.

I wanted the comma pretty bad, I would still be down $250 or something in January, but it would be something to get a little chuffed about. $950 is useful, don’t get me wrong, but I wouldn’t feel like a winner that night if I choked on the comma after coming so close.




Now don’t you fret readers. These are donk and go’s we’re talking about here, so of course I binked the Queen and sent down, sent him down to bubble town while I was living it up in comma central.

So there it is... that’s a comma day.




The expression never really filled a lexical gap in online poker lingo, not too surprising, as for the serious player, winning $1,000+  in a day is really not too big a deal.

For low/mid stakes grinders who put in a low/mid amount of volume (such as myself:) ) it's still a rare enough occasion to be a minor cause for celebration.

Having said that, occasionally someone playing a small-ish MTT will mention how they have “locked in a comma” as they ladder up the final table payout structure and have guaranteed themselves a four figured payday.
This always makes me smile. Big shout out to comma hunters everywhere, grab ‘em while they’re hot!

It’s not my first comma day since the start of this staking venture, but it’s certainly my first of 2009. Followed it up with a decent sesh tonight, and it looks like I’ll be able to return another month of profit. (albeit a lean one) to all my backers.






I know I said I wasn’t going to update. I haven’t even responded to the “banter” on here in the hope that the “where’s the updates tank” gags would get old as soon as possible, and the thread would die.

I think updating  or blogging, for me personally, is –EV for the following reasons.

• I have really enjoyed writing these things in the past, putting some effort into trying to make them as fun to read as possible. This will bring about the occasional –EV situation like in above. (ended up finishing 2nd in that last game. I probably could have played the heads up better, perhaps made a couple of errors while too busy booyahkashaying, and pelvic thrusting)
  
  
• Can also lead to the odd hugely –EV situation. (such as accepting a volume prop bet with someone because “it’ll make  a good thread either way”) ::)
• It's an indulgence. Writing these things take time, and while I don't consider that time wasted, I do get plenty out of it, it doesn't really help me improve my game. I prefer now to spend that same time talking and writing about strategy instead.
  
  
• I need to keep my ego in check,  I think that in the past ego been one of my biggest leaks. It stops you from wanting to learn new things. The act of blogging my results, and the reception these writings have recieved, perhaps encouraged me to place undue significance on my own thoughts and actions, ergo, not condusive for keeping aforementioned ego in check.
  
  
• It can encourage the odd person here and there to try playing the same games (GTFO and let a fish sit down tyvm.) If you're chirping too much, especially if you're placing emphasis on the dramatic and fleshing things out to be more exciting than they perhaps truly are, I guess you can't complain about this, you bring it on yourself.
  
  
• Personal reasons.

So isn't this a pretty long post for someone who's not updating?

As I mentioned above, the little rules we set ourselves occasionally get broken. Maybe I’ll be naughty and update again some day, then again, maybe not.

Lol @ it forcing you into -ev prop bets.

Wp on the comma, it is a bit of a holy grail of us small/mid stake sng grinders. Oh and of course i have a financial interest in your results which helps.

Slightly toungue in cheek that, but there's an element of truth I suppose in so far as

blogging = larger ego = predisposition to do stupid shit

what I found for me anyway, more power to the elbows of everyone else who keeps blog.

Superb post tank, hope you can regain the double figure ROI status asap!

worst update yet IMO..the other ones were much better.

sigh wish i'd never asked now lol

but seriously m8 gr8 post superbly written  ;tightend; as always and easy to understand what you are saying  :)up

bring back 4400 or something in a week or it was 400 in a year or a month or something, cant remember what exactly they were but were fucking great reads, reading that post reminds me of what great threads they were.

if this is your latest idea for a tv show I'm sorry to say it's already been done

no that was Beverly Hills 90210 ... 4400 is still available i think ;)

http://en.wikipedia.org/wiki/The_4400

Blimey, you guys know far more about obscure sci fi tell shows than is healthy :D

hardly obscure kev, sark always goes on about it being his fave US tv show, you should read his posts more

Truth be told, I am a sci-fi phobe ... Have never seen a star wars film, never seen a star trek film, only ever seen a handfull of tv shows.


I did used to watch logans run though, cos the women used to wear short skirts and shiny leggings :)

If they're wearing leggings, surely that negates the whole plus point of short skirts?

they didnt always wear them together :)

shit kev even i have heard of the 4400  and i am having to buy boc sets of dvd to watch programs i should of watched first time

trying to get a set of prisoner of cell block h but cant find it for love nor money

don't know if you've got £1,135 spare but here goes:

http://www.amazon.co.uk/Prisoner-Cell-Block-Largest-Earth/dp/B0012BU7TK (http://www.amazon.co.uk/Prisoner-Cell-Block-Largest-Earth/dp/B0012BU7TK)

Ironside - I have a complete copy of PCH, bought it for the Mrs a couple of years ago.
It is a TV copy but all episodes are watchable and most perfect - will take an age to copy, but I a sure I can sort something out for you if you keen.
(And yes she watched all 640 odd hours)

VHS or DVD?

i like having complete series to watch when i am playing online doesnt matter what it is but 640 should keep me intrested for 2 months

DVD mate

nice read tank, gl with this. ur updates are like the only staking thread updates that have been fun to read (apart from fergus, which was gold).