Team Bad Beat

[Dubai]

What are peoples thoughts on this inovative venture?

Is this the biggest god send ever to the top tourny professionals? Personally I would say yes.

This cannot be a profitable venture imo, purely because why would GOOD players sign up to this and give a %s of themselves. Im suprised the top class players of the team such as Iwan Jones and Paul Jackson signed up to this because most of the "sponsored pros" are simply average internet "pros" imvho. Surely these players bankrolls are big enough to cover the cost of buyin into these tournys and if not surely they are good enough to win the entry fee in the weeks leading up to these tournys.

Obviosuly the Monte Carlo Millions is the exception here with a $25k entry fee being 4 times the size of the Epts and 8 times the size of the main events in UK festivals.

The problem is the only players applying to be part iof the team are going to be basically losing players who cant afford these big tourny buyins cause i cant see any reason why i big winnings player would give %s away. And seriosuly what rational businessman would take anyone seriously who basically is admitting to being a losing player by applying.

But in fairness if the "backer" has the money and the balls to start such a venture then Good Luck to him and all concerned because you have to admire his courage to invest such a large sum.


It should be an interesting discussion in the next few months after we see how these players get on.

(it must be odds on one of the players i called an average internet pro wins the MCM now )

 

[ariston]

If someone has the money to back players they should be allowed to do so at will. We have had this discussion on here before.
 Now if the man has a lot off money to back players with he could go out and get himself a gus hansen/devilfish type player who probably wouldn't stay loyal to him when on a good run. By backing smaller/newer pros who will stay loyal after a big win I think he is taking a risk but obviously a risk he can afford.
I myself have a very limited bankroll mainly because of chasing the big comps this year so would you class me as a bad player? You are a mate Dubaii and I am not having a go here so please dont think I am but not all players have bankrolls that match their talents.
I know the player you are talking about in dublin and we have talked about it- he froze up a bit and I am sure it wont happen again in that situation. You know I rate you and pommo very highly ( I actually think Pommo could be the best young player in the UK) so please don't take this the wrong way mate. Let the players lucky enough to be part of this venture make the most of it and if it works out the scheme may be extended to include other pros (my CV is on the way team badbeat )

[Dubai]

I agree with most of your points Russ. Just think the fact that u can apply to be part of the venture makes it even more ridiculous though.

Surely having an application link online is just absurd?

[Dubai]

You can win the Aussie Millions and keep 100% of ur winnings (well 90%). No need for backer then

[ariston]

didnt know you could apply dubaii, thought they invited the players. I think if I were to be involved I would rather be asked than send a begging type application though I must admit. I wonder how many of the 10 have applied and how many have been invited. When I win the aussie millions I wont need a backer obviously but if you had been backed for an event like that and given a chance by someone I think you would stay loyal to the person who gave you that chance.I think the person has a good idea and wish them every success with the venture.

[Dubai]

Come on Russ! The person is blowing money. I know it and you know it! Now i have nothing against blowing money, in fact i quite encourage it but surely he can have more fun with it It could be a good business venture but it appears rushed. My own views are that a) he wasnt selective enough because he has literally picked anyone that has won the ladbrokes $30 freezeout. and b) allowing u to apply online to be a member isnt exclusive enough. According to the site there is a number of criteria to be met, but basically it entails to having 2 profitable months online.

He is the Roman Abram of the poker world. But will team Bad Beat be the Chelsea?

[Royal Flush]

I was approached before it all kicked off, i was/still am with Blue Square so i didn't even consider it but i pened these thoughts at the time.

http://thenorsehorse.blogspot.com/2005/10/bad-beatnet.html

[Dubai]

To be honest it looks a great opportunity for up and coming players to get "free" shots at big tournys but why oh why are people who have big enough rolls signing up? As u and Brucey say "The price isnt right!!" And i agree Flushy. Why on earth is Connor Tate (Sealey) givgin away a % of himself? He drew $600k in the WSOP, and i know he done loads of % swap and had to pay people out but surely he rates his EV in these tournys higher than the current deal would suggest!

[julian]

hi dubai,
i think you are overestimating the average bankroll of a percieved 'successful' player.
play enough main events and the entry fees & ex's will gobble up a generous six figure bankroll in no time.
i suspect most of the top tournament players would be happy to get a free $25k entry even if it meant selling 50% of themselves - these days it's not just the money that can be won, potential exposure at these big events is almost as valuable.

[owner]

There's a comment on James' blog that I think sums this up nicely.  If it is a smaller buy in event (And I even include an EPT in that) then you may say that a top player shouldn't be giving away 50% of himself.  But that surely changes in a tournament like the MCM, where the player is efectively getting entry to a 500K freeroll.

[Sunday8pm]

Theres arguments for and against in my opinion.

Obviously i think its silly that a few of the supposed 'high rollers' are giving away a % of themselves. As Dubai said some of the guys in this bad beat team appear to have a lot of $$$ in the kitty, so i dont think it is necessary to be sponsored. If for example you get a result there, i think the result will be somewhat tarnished by the fact that you have to give 50% away.

On the other hand like owner said....it is in reality a $500k freeroll for team bad beat and i think id be more inclined to enter this tounrey on a sponsored 50/50 basis rather than use my own money. If i had a big stash then the likelyhood would be different.

[byronkincaid]

Don't get this. Isn't this just a clever affiliate scheme which has been promoted superbly by entering all these players into the MCM. From the bad beat site;

Join one or more of our affiliate sites. Yes! We will earn rakeback on this. This will help cover administration costs. If you are a member of a site already then simply choose one where you are not a member

After 2 profitable months (which we can verify), you will be moved from general member into the Trader Program

Right now BadBeat are soley doing "online sponsorship."

Show us a "winning online track record" and you will be considered.

My initial comments on another thread about this;

i've briefly looked at their site and I'm not sure that I can see much benefit for a winning player to sign up there. They are taking all your rake and after 2 months of that you may or may not get some money out of them for your bankroll. Will this be more than they've made out of you for being your affiliate for those 2 months? If it is then what's to stop people chip dumping to their friends and saying goodbye? Also why would a winning player want to give 30% of his wins away? This may be great for a beginner who wants the tuition that they are offering but I can't see a benefit for me to be honest. Happy to be proved wrong if anyone knows more about it. I don't think this is a new idea, I've seen a few posts on other forums about affiliates doing this sort of thing. 
 

But you guys seem to be saying they'll put you into major comps? Yeah great I'll play all the WPT's EPT's and the full WSOP then please . To play all the major tournaments costs over $500K a year, ie the 10 sponsered players could have a bad year and go through the whole $5 million. Seems to me they're trying to give the impression they'll put you into these comps when really their business is being an affiliate to internet sites.

Anyway poker players are meant to selfish bastards so lets work out if this would be good for me. OK lets say I pay £2K in rake a month and win £2K a month (yeah I know mickey mouse small time grinder ). I get 30% rake back atm so that's £600 a month so I'd lose that and bad beat would get that money for 2 months. If I have a good 2 months I get 1 month in their trader program where I get a mentor. So so far I've paid £1800 to get a mentor, now that could be a bargin if the mentor improves my game, thing is though I believe you can get lessons from Sklanksy for $500 an hour so they'd better be pretty good for £1800.

Now after my 3 months they may or may not offer me a sponsorship deal. I don't need the 100% bankroll as I must have a roll if I've played for the last 3 months, so that leaves the 70% deal. So not only are they now getting my £600 a month rake money they're also getting another £600 from my winnings leaving me £1200 a month worse off. Unless they want to give me a big old roll to play the bigger games? But I think they must worry about chip dumping and people running off with their money so they probably won't ber offering enough top do that.

Please tell me if I'm wrong here I'll be very happy not to have to win a seat to the WSOP this year if bad beat are gonna bankroll me...

[redsimon]

Don't get this. Isn't this just a clever affiliate scheme which has been promoted superbly by entering all these players into the MCM. From the bad beat site;

Join one or more of our affiliate sites. Yes! We will earn rakeback on this. This will help cover administration costs. If you are a member of a site already then simply choose one where you are not a member

After 2 profitable months (which we can verify), you will be moved from general member into the Trader Program

Right now BadBeat are soley doing "online sponsorship."

Show us a "winning online track record" and you will be considered.

My initial comments on another thread about this;

i've briefly looked at their site and I'm not sure that I can see much benefit for a winning player to sign up there. They are taking all your rake and after 2 months of that you may or may not get some money out of them for your bankroll. Will this be more than they've made out of you for being your affiliate for those 2 months? If it is then what's to stop people chip dumping to their friends and saying goodbye? Also why would a winning player want to give 30% of his wins away? This may be great for a beginner who wants the tuition that they are offering but I can't see a benefit for me to be honest. Happy to be proved wrong if anyone knows more about it. I don't think this is a new idea, I've seen a few posts on other forums about affiliates doing this sort of thing. 
 

But you guys seem to be saying they'll put you into major comps? Yeah great I'll play all the WPT's EPT's and the full WSOP then please . To play all the major tournaments costs over $500K a year, ie the 10 sponsered players could have a bad year and go through the whole $5 million. Seems to me they're trying to give the impression they'll put you into these comps when really their business is being an affiliate to internet sites.

Anyway poker players are meant to selfish bastards so lets work out if this would be good for me. OK lets say I pay £2K in rake a month and win £2K a month (yeah I know mickey mouse small time grinder ). I get 30% rake back atm so that's £600 a month so I'd lose that and bad beat would get that money for 2 months. If I have a good 2 months I get 1 month in their trader program where I get a mentor. So so far I've paid £1800 to get a mentor, now that could be a bargin if the mentor improves my game, thing is though I believe you can get lessons from Sklanksy for $500 an hour so they'd better be pretty good for £1800.

Now after my 3 months they may or may not offer me a sponsorship deal. I don't need the 100% bankroll as I must have a roll if I've played for the last 3 months, so that leaves the 70% deal. So not only are they now getting my £600 a month rake money they're also getting another £600 from my winnings leaving me £1200 a month worse off. Unless they want to give me a big old roll to play the bigger games? But I think they must worry about chip dumping and people running off with their money so they probably won't ber offering enough top do that.

Please tell me if I'm wrong here I'll be very happy not to have to win a seat to the WSOP this year if bad beat are gonna bankroll me...

  spotted the fundamental flaw in this whole scheme.

[Sunday8pm]

can i have the link to the bad beat website please,

thanks

ben