The Best In The Business

[Tal]

He was a bit of a baddie in Buffy, that one. Caleb?

[pleno1]

Yesterday was a random day.

I woke up very early and feeling great and decided to play the 2k ftops. After I busted ak v JJ I was really struggling with energy levels and really wanted to get to sleep ASAP for today and have a really good sleep. I got to bed at 3ish properly but then frustratingly woke again at 7.30. It's really annoying as I know I'm going to be tired later. Going to try and have as many things as possible to help me. Fruits, water, red bull, sports drinks etc. we have a masseuse coming around again and she will probably send me to sleep.

Huge huge day though. Playing the winamax 1k. The scoop man event, ftops man event recently and lots of other hsmtts.

Good luck if anybody is grinding.

[BorntoBubble]

When your getting tired have a massage then drink two pints of cold water. Normally wakes me right up!

[rfgqqabc]

Picken strengthens team Budapest? Heard it all now! What has he ever won?

Won the 55 Saturday H/L 6m for 3.2k. Lost @ 5/10 though for a marginal day either way.

[Doobs]

Picken strengthens team Budapest? Heard it all now! What has he ever won?

Won the 55 Saturday H/L 6m for 3.2k. Lost @ 5/10 though for a marginal day either way.

Congrats on the result Adam. Are you in Budapest full time now?

[BorntoBubble]

Picken strengthens team Budapest? Heard it all now! What has he ever won?

Won the 55 Saturday H/L 6m for 3.2k. Lost @ 5/10 though for a marginal day either way.

So what your saying is you didn't win

Good luck today bros!

[pleno1]

Yesterday was a pretty frustrating day. I ran pretty cold in almost every one of my big tournaments, wont bitch about any of the exit hands but in almost all the majors was very unlucky, but thats fine I knew a bad Sunday was coming. With one tournament left of the night, I cashed for just over 1.5k in the Sunday 530, but the guy I swapped with chopped it meaning we had a basically breakeven Sunday, which was very nice to wake up to.

I have thought a lot about investing, finance, property etc etc.

I decided that what I know best is poker, I have a lot of friends who know all MTT regs, their styles, if they are on heaters etc and decided Im going to start investing a lot of money into poker. Its what I know, Im extremely critical of others so Im not going to just go buy in every package, I will question a lot of packages privately and spend more time researching the people behind the packages and making sure the investments are plus ev. I am going to create a big google document and manage it properly, breaking it down into specific categories and then evaluating the roi every month, 3 months, 6 months and then I guess in 1 year. With poker, if I do it wisely, there is always that chance of a "big bink" which when the rois are reasonably small (way bigger than anything IRL I can invest in) means it is relatively high variance, but I should be ok. Im taking on a lot of smaller variance horses too hopefully in terms of cash game players that I can also use my expertise for and help increase that roi.

In before busto!

[pleno1]

Lol, one of the guys who won ftops main last night was the reason I played PLO5 10k last week.. This week could get messy!

[StuartHopkin]

Sure some people on here might disagree with me but I would strongly urge you to rethink your decision to invest in staking heavily.

You obviously know a lot more people that I do in the poker world but there seems to be a lot of issues and heartache when people have to walk away from staking people.
The variance of having a lot of stakees can obviously all fall at the wrong time and cause you huge issues.

I know you like to support the community and coach players and setting a side an amount to do this seems sensible.

However I think you should be putting the lions share of your investible money into something with less variables and more secure long term prospects.

I am sure there is every chance you could prove me wrong, and if anyone can it would be 'BITB' but I just wonder where all this is going long term for a lot of people.
Long term is what you want to be locking up when you don't really know where we poker will be in 5 years time.

Just two cents from a concerned thread lurker

[BorntoBubble]

Also it feels like an "all eggs in one basket".

If poker goes to the shit pan over the next 2/3 years then you have all your money invested in one industry rather than spreading it around.

Obvisouly the up side of that is if poker booms again then your eggs are in the right basket

[DaveShoelace]

I'm old and shit at poker.

Therefore, I also think you are mad to invest heavily into staking. By heavily I obv mean most of your new found wealth.

Before you even consider the variance and toughness of the games, what about all the hassles that comes with vetting horses, managing them on downswings, making sure they don't grim you, making sure they don't fuck off when they get heavily in makeup and go elsewhere, making sure they are not degens etc etc.

What if there is another Black Friday and all your stakee money is on a site? We will still probably look back on these days as the old west in terms of how poker was regulated.

I say this as a concerned buddy and fanboy, there is no doubt you are a shit hot player, but I sometimes fear you feel the need to prove your commitment to the game at the expense of your own well being. You'll hate yourself if in a few years from now you had lost a big chunk of it and, for example, couldn't get on the property market because of a poker related career gap on your CV or something. IMO you should use the big scores to do things to remind yourself how poker has been good to you - a holiday, a fancy car, a big deposit on a house. Something that no matter what happens at the tables, nobody can take away from you. Stop and smell the roses and all that.

Of course if you strongly disagree wanna stick me in EPT London?

[Longy]

I have no doubt in your ability to spot a profitable poker player etc. My concern would be similar to Barry's is how time consuming looking after a stable of horses is, when you are full time grinding yourself. As far as I am aware most of the staking success stories have been when people either take the staking as their full time gig, with a bit poker on the side or get someone to do the logistics for them.

[simonnatur]

diversify, diversify and then diversify some more....

[scotty77]

Yeah plus 1 to the no staking advice.  Certainly not all of your recent binks!  Use some of it on tangible stuff

[Rexas]

do it on hookers/drugs/crazy nights and degen sports bets and not on playing poker tournaments