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Author Topic: Staking Questions  (Read 3249 times)
pokercade
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« Reply #15 on: March 21, 2012, 01:38:26 PM »

Hey thanks for that Simon

Yes i stopped playing hold em online a while ago as i played omaha / hilo more often i do not have massive volume cause i only play part time as have to work and sort the family out. Also what is ABI and why do i want to keep it low.

I will try answer ure other questions.

(1) I self excluded myself from all my account as i wanted to prepare for the birth of my second child.
(2) I would be wanting to play omaha hi/lo and omaha cash and tourneys i have no idea how much stake i would need.
(3) From the stake i would be looking to get some bankroll management experience and basically someone to report to i do not intend this to be a source of income as i work and that is what i would live on.
(4) I would have zero references.
(5) In three months time i would hope there would be a nice bankroll for me to play poker and possibly playing at good level.
(6) This is the bit that i would think would dissapoint a backer i work monday to friday and with a 2 1/2 and a new born i would not be wanting to put in massive volume basically a few hours an evening then some time at weekends. I would be quite happy to go along with most thing a backer wished to be honest.

I am quite happy for backers to look at any hand historys they wished.
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AndrewT
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« Reply #16 on: March 21, 2012, 01:47:01 PM »

ABI = Average Buy In.
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Simon Galloway
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« Reply #17 on: March 21, 2012, 02:19:30 PM »

OK round 2:

1) drop the self-excluded phrase (imo) sounds like problem gambling terminology.  Paternity is perfectly noble.
2) If you are wanting to play cash, be expected to be asked to show tracking software results to support it.  If you don't have this, drop the cash element from the stake request.
3) This isn't an uncommon reason for wanting a stake, no probs there.  Plenty others have poor BRM or otherwise just need the structure that a stake gives that they are unable to keep in place for themselves.
4) Really?  Do you know any poker players IRL?  Local casino?  Forum member with high visibility?  No refs will usually be a problem.
5)  Usually ambition is a bad thing here!  "I want to play all the majors" is usually just someone that can't wait to play high enough to go broke (with someone else's money)  Someone that jsut wants to make a couple of hundred each week with minimal risk to help with bills etc may lack ambition, but is a backer's dream.
6)  This is where honesty really is the best policy.  If you talk yourself into some ultra-high volume agreement with a large stake and then get nowhere near it,it will unsurprisingly not please the backer.  If however you are realistic about playing low volume (and therefore only need a low stake) then I don't see a problem at all.  Playing extra volume (more than you want to) in a mis-guided attempt to please a backer does not usually end well - for anyone involved.

THE ABI bit, bit difficult to make solid suggestions based on limited sample size, but there is a suggestion that just playing <$5R or <$20 F.O. would be a good way to get back into it - you can always shot-take a bit higher in good weeks.  Imagine the following 2 requests:

a) "errr... dunno really... just want some money wiv to gamble innit.  play cash, tournys, whatever I fancy."
b) "I'd like a $500 stake to play PLO(Cool mtts on Stars.  Screen name is Pokercade.  I have a full time job, so I don't rely on poker for income, but nor can I play high volume.  I would commit to playing 40+ mtts per week with a limit of $5R or $20F.O."

Bit extreme, but I think you can see that route b) is more likely to get somewhere.  At that point, the final negotiation would be the terms.  50/50 profit share (including fpps/stellars/other bonuses) after makeup would be standard.  Depending how badly you want the stake and/or how badly the backer wants to back you, you may be able to negotiate in a certain area if you so desire.
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pokercade
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« Reply #18 on: March 21, 2012, 04:34:50 PM »

Ok ty again firstly.
In reply

(1) I used the self exclude as just seemed logical way to take a 6 month break.
(2) I have never used tracker software before but would not be adverse to using it if thats what a backer wanted.
(3) This is correct i dont have to have bankroll management when i use my own cash as i have nobody to report to and the money i do use is not needed for bills etc.
(4) I am new to this forum so know no one here i have posted on and off on another forum but have never met anyone so would not ask them to vouch for me i have only played at my local casino maybe 5 times in a live tourney so would not know anyone there to vouch (i did win 2 of these tourneys) i dont know if g casinos track info.

If you google my user name it does come up with who i am and what town i stay in and i doubt it would take no more than asking 10 poeple in the town to find me.

(5) As i said i dont have any set ideas as to what i want from any deal but i am just wondering if it would help me with BRM.
(6) I am being up front in no way am i expecting or wanting this to be any high volume deal playing for a living or that i work so but extra money would be a bonus obviosly.

(a) and (b) I may have come across a bit vague in what i am wanting out of this as i am not really sure i figured backers would know and possibly guide me as to what is usual and what is not or is there are any people who have been staked could possibly say how it works and what they get out of it.
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Simon Galloway
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« Reply #19 on: March 21, 2012, 05:57:22 PM »

I've given you a good flavour of what a backer would be looking to do ~ and under what terms.  If you don't have evidence of your cash play, forget about it, no-one will touch you for a cash stake, grnteed.  The tournys you might be able to work something, but the reference bit would be a stumbling block for many.

By far the best idea would be to play small buyin PLO and PLO8 mtts on your own coin, set yourself limits/targets and get into the habit of treating it seriously.  If you still have BRM issues and just can't help yourself degening the profits, at least by that time you will have a solid graph with greater volume for the games you want to be staked in?
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pokercade
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« Reply #20 on: March 21, 2012, 06:52:53 PM »

Simon i did think having no references would be a hurdle but not much i can really do about that. You have been very helpfull and it is much appreciated hopefully a few others will post or pass me some more wisdom.
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