blonde poker forum

In a nutshell

I’m going to be playing the $24+$2 45 man sitngos on full tilt and am looking for a stake of $3,000 (115.4 buy-ins) to be sold in 10 slices of $300 each.
25% of the winnings and accumulated rakeback will be split up equally among the 10 slices so each slice gives 2.5% of my profits.

It looks like there are around six or seven slices available only. Apologies to everyone for the limited availability, especially those involved in the previous venture who don't happen to be awake and were expecting to make more money from it overall than they did.

On the assumption that 5am people is good people, and because there's no real fair way to do this without breaking the slices into smaller chunks (and I don't want to do that) It's first come first served.
Completely arbitary cap of 2 slices per person at this stage.


Previous stake

As detailed here in this thread.

http://blondepoker.com/forum/index.php?topic=45511.msg1179420#msg1179420

I was recently involved in a staking arrangement to play the $69+$6 45 man games with very mixed results.

(http://i264.photobucket.com/albums/ii177/tigmong/overall75s.jpg)

The stakers did see an overall profit even after we went bust, but it was very modest unless they had their slices bought back. Two people even lost money (and slices have been reserved for them in this venture by way of compensation. MC is the only man to have lost money overall staking me to play sitngos on FullTilt, and he's only out $200)

Details of other (and considerably more successful) staking ventures on FullTilt can be found in the proposal at the beginning of that thread.

http://blondepoker.com/forum/index.php?topic=45511.0



Selling the $26s

First two pretty pictures.

The first is my overall form in all sitngos on FullTilt

(http://i264.photobucket.com/albums/ii177/tigmong/26sstaking02.jpg)

The second is just the $26 45 mans

(http://i264.photobucket.com/albums/ii177/tigmong/26sstaking.jpg)

ROI of 27% after 2,668 games.


There is less of a risk of going broke in this arrangement for 3 reasons.

- The $26s are considerably easier than the $75s.
- The bankroll is slightly larger in terms of # of buyins this time. (115.4 rather than 100)
- The rake is proportionally less at the $26s

The first reason being the major one.




If we do go bust again

As illustrated in my last staking venture though, there is a small chance of going bust and if that happens then that's the risk and the monies will be lost without me officially owing you anything.

If I'm still playing poker though I'll try to be as fair as possible (in this instance I've chosen to reserve slices for the 2 people who lost money overall, MC and Longy, and raise their minimum buyback % for this venture)

I try to do things as fairly as I can, and I believe I offer stakers a +EV oppurtunity.

Do not stake me if you do not trust me to play the last buy-in (if we lose 114.4) with as much will to win as we do the first.
Do not stake me if you do not trust me to treat the funds with respect and not use the $3k as my personal overdraft facility.



Updates

Every Sunday stakers will get a brief note on how many games have been played, how much profit has been made, and my current best estimate of when the 300 game period will conclude.



Buyback

I’ll be looking to gradually buy back the slices one by one during the course of the next year or so. To make the investment worth your while, I offer the guarantee that your slice will not be bought back until the cumulative return on your investment has reached 50%.

If your slice is bought back, the $300 will be returned to you at the same time as the winnings for that period. A full list of the current ownership of the 10 slices will be displayed in your pm at the end of each period.



Withdrawl

At the end of each period of 300 games winning will be shipped and it will be assumed investors want to carry on to the next 300 games.

If you wish to withdraw your stake for any reason then just contact me and your investment will be returned to you at the conclusion of the current 300 game period along with the winnings for that period.

If we ran bad and lost money during that period, your investment returned will not be the full $300 (obv), rather the amount of the current bankroll divided by 10. (for instance if we’re down $500 you’ll get $250 back instead of $300)





Other relevant pieces of information.

Your return will include all winnings from games and all rakeback. It will not include other bonuses, including iron man point value, frequent player point value, leaderboard prizes or prizes from any promotional freerolls I may qualify for .

Except for any promotional freerolls I may qualify for, I don’t use the account to play any other games.

If I lose rakeback from using  frequent player points, I take the hit on that. Stakers will receive the winnings worked out as what the rakeback would have been if I didn’t use the points.

You will be informed  of any major changes to the arrangement in good time to give you the opportunity to withdraw your investment if you so choose.

I'll be looking to build to playing more than 8 tables, but very gradually, and not at all to begin with because of recent form. (Once I start winning again, I'll think about 9, 10 etc..)


When to begin

Ideally we can start tomorrow night if everyone is able to ship the money by then. Not essential though, but if you can't ship funds by noon on Thurday the right to the slice you reserve will pass to the next person on the list.
Details of where to ship will be sent by pm.

One slice sold by pm

5 or 6 left.

$300 slice please. FTP transfer ok I guess?

1 slice of tank pls

just a few qs

how come u have decided to play the 26s?
how long will 300 games roughly take to complette?
will you ever play the 11$ 45 seaters when games are slow?

I will take a slice please Tank, will ship on FT, lemme know if I made the cut in time  :)up

1 slice here please mate. GL.

I'll have one if any left

Hi mate, unlucky in the last one. I'll take whatever's left (if any). Cheers.

1. Combination of factors. I know I can comfortably beat the games, I have the potential to increase my hourly by making slow moves towards playing more tables, the 75s are getting slower to start and recent bad run. I'm a specialist who doesn't like chopping between game formats, so I stick with the 45 mans.

2. 1 week to 4 weeks depending on personal circumstances, typically somewhere in between. Things change but every Sunday I estimate when the current period will finish. Will expect things to be slightly faster now I'm playing the 26s. (was used to playing 4= x 75s in 11 hours, will probs manage 60+ 26s in the same time period, and that's before I start adding more tables.

3. Unlikely, I'll probably stick to the 26s.

Any left? I would like some if so.

redsimon, paulhouk, daveshoelace, evilpie, gatso + redbull

you all have a slice each. Will send pm with shipping details when I put down my phone and get out of bed to use a real computer.

Bongo just missed out, sorry. Also have someone by pm on reserve list.

Good luck with this, with been 1 reserve made sure you win some mad ones but save some for me please

fck

ursufhnsbtawvwqrfzsrfvawb yserhrfd

orly?

Stared at this thread for a while in the early hours of the morning. Knew I should have bought a piece for $300 and sold it on the next day for $350

shipppppppped

glglgllglglglglglgl

FYP

lol wp

idiofdiuhefhiug[

has this started?

Yeah we're off.

gl tank

Haven't sent Sunday update yet.
I'm out of town and on my phone for internets so it's difficult to send pms.
I get back tomorrow night and will ship the update then.

Oh hai der Marcin!! ::)

If you can't wait, I'm doing the money is about the strength of it.

Bertie to end in a few days, profit unlikely.

Had a wee while to think after a recent run of bad form and decided I'm getting out of the online poker thing.

Have come to the conclusion that it's too much of a distraction. I don't tend to do things by halves, I either go at them full pelt or leave them lying on the shelf gathering dust, it's just how I'm wired. I need to focus on my real career path of becoming a teacher, which at the moment involves finishing my studies.

From the financial perspective there's been good times for me (Feb this year I made about $13k, have to give 25% of that to backers, but it's still a nice monthly wage) and bad times (last two months I've made nothing)

Maybe the poor form's been a good thing if it's prompted me to re-evaluate things in this manner. I've thought for a while now that poker probably isn't the best thing in the world and that it's worth concentrating my efforts on other things, but always figured that after devoting so many years to poker that I was “priced in” and it would always be worth my while keeping it on in some kind of part time capacity.
For instance I might be able to grind 10 hours a week, and with the help of various bonuses take home an extra ~10k or so a year which on the surface looks quite toasty.

Kind of changed my mind on that now, after we're finished with this, I intend to give up all serious poker. Never say never but I can't see myself going back to online grindaments as there's too much danger it'll gradually take over my life. It's different for everyone but I know how I'm wired and I need to concentrate on real life career and my family.
 
I never really enjoyed playing the internet pokers, (maybe I would have been a better player if I did) so it's no great loss.

Will still play the odd comp in a casino for social reasons (such as a blonde bash... ldo) coz still going to stick about here.
I've made some friends here, not bothered that some turn out to be big time grimmers (and small time grimmers) child molestors and *****s. There's plenty more people on blonde that I know are straight up geezers (or the female equivalent of geezer) that I consider good friends (and more still who I stongly suspect are decent straight up geezers and whom  I consider good acquantinces.)
 


Current staking arrangement

It's gone pretty poorly and, after rakeback offsets things a little,  we're currently down just under 50 buy-ins from our starting roll of $3k.

This is a sharkscope graph of the 800 or so games that have been played. The rakeback is just under $450

(http://i264.photobucket.com/albums/ii177/tigmong/sscope23rd.jpg)

Screenshot of balance because that's trendy nowadays and one like to stay as down with the kidz as one can.

(http://i264.photobucket.com/albums/ii177/tigmong/balance23rd.jpg)

Since the screenshots and I had this post all ready, the blonde servers went down for a bit so I played a small session of 7 games in the meantime. Down 5 buy-ins from that session, so at time of posting we're currently down just over 50 buy-ins from the $3k... sigh.


When I started back with the pokers in 2008 I decided not to do any public updates before because of the whole getting it quietly principle. That's no longer as applicable for me (because I'm jacking it in anway innit) and the games aren't really as profitable as they used to be so there's less need to be so hush hush about things.

I'll might as well update here in public rather than send pms then, so I'll crack on with posting results after every session till we're done.




The plan is pretty simple, I'm just going to play on for the next couple of weeks till we get the roll back to $3k, then ship monies back (and if there's some copper in profit, it being unlikely I'll finish a session on exactly $3k, to ship their share of that too).
If any backer wants out at any time, just shoot us a message and I'll ship you whatever the current cash value of the slice is before the start of the next session. If no-one wants to buy it from you, I'll buy it myself.

Current value of slice : $162.27

So if anyone wants to accept the loss and just wants that money back now, contact me and I'll ship it before I start a session tomorrow night.

Two weeks from now it's likely that I'll be starting some sort of real life job starting (wheels are in motion on that front, already had a phone interview). If such a time hits when I have my first day at work and we're not at $3k yet, I'll probably be keen to just ship what we have and call it a day if that's ok with everyone.
Will try to grind hard so that isn't applicable, nice to finish with people not making a loss.

Once I'm all done with the pokers, I'm going to finish off that ICM for fuddy duddies thing that I've had gathering dust on the shelf for a while. It's much easier to take an evening off to do some writing when you're running good, sadly that's not been happening for a while. Soon running good or bad at cards won't be applicable, right now that feels like a liberating prospect.

Very best of luck with your future career exploits Tank.

C'mon the sevens!!!!!!!!

Good to see you at the weekend and best of fortune for the future I am sure you are doing the right thing. Even though you have trouble speaking I am sure that won't be too much of a hindrance as a teacher  :D

For what it's worth, you're pretty damn good.  Maybe results haven't been great recently but you were certainly a damn fine player at some point

Good luck in your future exploits; you seem pretty determined to give up the pokaz;

Dare I say it; after a long break.................................. you'll be back(in some volume at least)!!!!

gl tank!

gl with the next two weeks but don't obsess on getting even otherwise could end up chasing.

and deffo gl teaching/proper job, pokers only fun if its a pastime imho.

Sigh but I completely understand your reasons and wish you the best of luck with your future, at least you are sticking round here.

I have had some piece in Tank for the last 2 years and he has been an excellent stakee.

Great posts/staking plan/staking layout/icm tutorials.....


Good luck in anything you do, please stick around ze forums :)

+1

I think Simon may have been listening to us chatting at Aberdeen at the weekend - lol

Was good to catch up again and very best of luck Tank, don't be a stranger

Geo

Mbn to get away from the grind!

Respect your decision man, pls keep posting though...glglgl

 :respect: ;hattip; ;hattip; ;hattip;

2 slices for sale at $162.37 each

pros - slice acts as if you bought at $300 so value in so far as you're keeping  100% of the first $137.63 profit before I take a cut.

cons - not really a long term thing, not a lot of chance to bink much more than that.

First come first served, must be able to ship tonight. If no-one wants them I'll buy them myself.

I didn't realise until I can across Thomas that Scottish people could be so wise.

Stolen from the Camel.

Gl in your future endeavours Tank.

Thankyou for the kind words all.

5 more minutes, going... going...

Gone... to me

Maybe not such a bad thing for me to have a financial incentive to win in the next couple of weeks. I don't think it makes me try any more or less hard either way, I'd hope not anyway.

Just a short session on the cards tonight, hope to be in bed before 4am. Usually I push on through till 7am and help get Molly packed off to nursery and the wife off to work before I go to my bed.
Tomorrow she's not going because of a small bout of diarrhea (she's ok, just standard toddler variance) and the nursry like it when you keep them off the following day after symptoms stop in case it's a bug that goes round.

So up tomorrow at the same time as a normal person. Better get used to it I suppose. :)

I'll take a slice if I can ?

Ah go on then, coz I've not actually made the deposit yet.

I'll take one and you take one. Is FullTilt transfer ok for you?

Should be able to get it sorted; will do it now.I have no idea what the pro bit means but I do know your massively +ev and are due an upswing so lets gogogogo

Pretty bad run Tank although 800 odd games aint a massive sample as you know. What do you put it down too because i havent ran that great on em either, although still doin ok ish? tougher to beat?

Also i thought ur user was Rudyard on ftp ?

A guy that looks like me played that rudyard account. He's fresh off a 100 or so buy-in swong at the $75s.

In the hypothetical event of us being the same person, this run came right after that run, so total swing would be something in the region of 180 buy-ins. ( I agree that the run dycedog has had in and of itself is not of too much concern as it's only 800 games).

Games are definately tougher to beat. I've got a bit of data to back up this claim, as I spent a couple of evenings on sharkscope looking at trends with regs who've been active for at least 12 months and making crude spreadsheets, but nothing too scientifically rigorous.
I guesstimate ROIs are down 10% on last year.

It was the $75s I looked at in detail, but I imagine similar trends will be true at the $26s.

Games aren't unbeatable yet imo, but defo smaller margins.

Playing the last comp of the day, we're 3 handed and I need at least 2nd place to make profit on the day.

Hate these spots, you try not to nit up too much but easy shoves begin to look marginal.

fml, 3rd place.

16 games played today
-$70.4
-$61.76 after rakeback

Slices now worth $156.19

Getting a bad beat for the world (or 10k tournament chips) to go out in 10th can be a very tilty position in these things on FullTilt. The table background changes to final table colour but all the seats are empty. It's like giving you a flash of a party you're not going to.

Should have been a decent winning session today (albeit a low volume one) deep in so many comps but all I managed was a 3rd, 4th and 5th. Hope this is the last moany update.

Lol, yeah this is v.tilting

+1

Medium session today rather than a bigun as on Daddy duty again tomorrow morning.

32 on the cards, a nice healthy profit to see us back over $2k would be nice. Let's hope the only thing that tilts me is David Dimbelby and his friends on Question Time.

Forgot how hard it is to update when you lose.

I'm so steamed just now. It just doesn't seem to stop. Bad run followed by bad run followed by another bad run. It seems it doesn't matter how much I review my game or take a break or whatever, in the last few months the luck of the draw has just decided to shaft me again and again and again. Then a bit more and now it's just getting stupid.

Session started good, getting heads up with a small lead in one of the first comps I started.

We lost that

Then we lost everything else (30 blanks and a min cash)

I have no idea how I made a living from this game for 4 years. I might be quitting and whatever but I still feel terrible. I want to win. I know it's a game of variance and I thought I was good at handling that but right now I can't help just feeling sorry for myself, I feel like I'm so due a big winning few days it's unbelivable.

32 games played
-$508 from table
-$490.72 after rakeback

Current value of slices $107.18

The annoying thing is that the natural narrative if you're a spectator here is that I just don't care because I'm quitting poker and it's not my money. That bad results are bound to follow.

That pisses me off because I know I'm still trying as hard as ever. There's a monkey on my back and I want it to fk right off.

I want to win, I honestly don't see anything stopping that apart from this shitty variance. I just want to run good for a small while please. One week and we're all done. Let me leave the stage with a scrap of dignity please poker Gods.

Today is a new day. 24 cheeky games, no reason I can't bink back what I lost yededay and then some.

gl, your my fav xx

lolz xx

no money in poker, everyones solid.

Some moneyz today.

Would like more moneyz next time too plz. These moneyz are ok (tyty) but still got $1600 or so to go.

24 games today
+$358.8
+ $371.76 after rakeback

Slices now $144.36

Trying something a bit different today. A morning session instead of late night session.

Not too sure of how the volume goes so no idea how many I'll play.

Yeah, there's not really the volume at this time on a Sunday. Managed just 10 games while I watched the qualifying for todays Grand Prix. No point playing less than 4 games an hour.

+$150.40
+$155.80 after rakeback

Slices now $159.94

It was the old story of one step forward but two steps back last night.

45 games played
-$652
-$627.7 after rakeback

Current value of slice $97.17

I know it's all standard and what have you, to go up and down, but last night was the end for me. It feels like I've forgotten how to win.

I've had good run at the 45 mans, four months where we made over $5k and one month where we made over $10k. Although with a run of luck there's nothing to stop me making 80 buy-ins (to get the roll back to $3k) in a single day, (has happened before) with the way things are going it feels more likely that we'd busto.

The way to bow out I've decided is to draw a line under things now, and return the stakers the money that I've not yet lost. I had a go but it's a fail, stopping before it becomes a complete fail.

If I were continuing in MTTSNG poker (which I'm definately not) I'd be very tempted to move over to Pokerstars. The only reason to play on FullTilt was the >20% ROIs that were possible. It looks like (to my mind anyway) that this is no longer the case.

Anyway, will see about shipping the funds over now. Sorry it's $97.17 and not $300+, I just couldn't ever seem to win those 20k pots on the final table.

Sorry to see your staking end in this way tank. You were obviously very good at these games, as well as being an absolutely impeccable stakee - the sort of person I actually would have been happy to stake even if you lost the money. (Though your updates are much funnier when you're winning...) I suspect that a decent break would refresh your game sufficiently to make you a good winner again, but it sounds like your decision to pack it in and concentrate on more worthwhile things is a healthy one. Good luck with the real life stuff.

Monies received, gl with the future Tank

This thread makes me kind of sad,  i think reading about your first 4000 sng challenge really got me interested in poker, it was a superb read as was the second one.  You clearly know what you are doing and if some one like you is struggling what chance have peeps like me got :(


I hope you keep posting and i hope you change your mind at some point and come back refreshed and hammer the tables ( i so remember the the "comma" days posts).

Gl with your plans ( BTW, i am a teacher/lecturer.....  are you sure  :) )

Steve

Tank it's too hard to quit mate.

Glad you've called it a day mate. I was never going to ask for the stake back but I had a feeling you weren't enjoying it so well done for stopping.

I've only been playing these mttsng's for a short while but the frustration is unbelievable!!!

You don't mind the bad beats when you get a few binks to even it out but sometimes it seems like the whole world is on your shoulders.

GL with future plans and I'll be seeing you soon.

Monies received Tank, cheers. Totally understand your sentiments. A bad downswing can really dent your confidence.

All the best for the future and glad you're sticking around.

Money received btw. Thanks Tank.

This,hope you go back and play these at some point as that's not the way you deserved to go out,glglgl with the teaching