The Best In The Business

[celtic]

Happy New Year Pads,

All the best with the new house and moving back to England.

[booder]

Happy New Year Pads,

All the best with the new house and moving back to England.

[pleno1]

Started a blog. Goal? To make $5m in 2017 and update our progress/updates/setbacks and provide free quality content http://forumserver.twoplustwo.com/174/poker-goals-amp-challenges/5m-profit-2017-best-business-1646916/

Will keep posting here for personal stuff ofc

[Woodsey]

$5mill? 

Good luck, I hope you do it, hard work and dedication deserves success....

[pleno1]

$5mill? 

Good luck, I hope you do it, hard work and dedication deserves success....

This year was a little over $4.5m but we probably ran a little bit over expectation.

[Woodsey]

$5mill? 

Good luck, I hope you do it, hard work and dedication deserves success....

This year was a little over $4.5m but we probably ran a little bit over expectation.

Ok we, I thought you were talking about you personally 

[EvilPie]

$5mill? 

Good luck, I hope you do it, hard work and dedication deserves success....

This year was a little over $4.5m but we probably ran a little bit over expectation.

How are you planning to achieve this? Is it by growth of the stable or just running even more over expectation?

A link in your sig would be useful to get to the thread occasionally as I'm not a 2+2 user. I'll be very interested to follow this as I love the whole concept of staking as a business rather than as a bit of a spin and you clearly run it professionally.

How many are in the stable now? I seem to remember a goal of 130 a while back or have I just dreamt that?

[Magic817]

$5mill? 

Good luck, I hope you do it, hard work and dedication deserves success....

This year was a little over $4.5m but we probably ran a little bit over expectation.

How are you planning to achieve this? Is it by growth of the stable or just running even more over expectation?

A link in your sig would be useful to get to the thread occasionally as I'm not a 2+2 user. I'll be very interested to follow this as I love the whole concept of staking as a business rather than as a bit of a spin and you clearly run it professionally.

How many are in the stable now? I seem to remember a goal of 130 a while back or have I just dreamt that?

Is it just horses to get to the $5m and is it live as well as online?

[pleno1]

Hey.

Just horses yeah.

We currently have 70ish guys, we should get to 100 at the end of the year, I'd like a little more though. We could easily have 250-300 profitable guys but our business model only allows us to take a certain kind of guy.

Regarding how we will get to the goal, this time last year there was only me and the other owners coaching. We have 10 of probably the best 20 players in the world coaching our guys day in day out now so naturally they should improve. Our players let's say played on average $x abi at y roi, both of these should improve.

As we do things more professionally/run things more efficiently it will leave less error on our side. We didn't use to analyse thjngs her well 1 year ago, now we have a full time guy analyzing everything for us so that everything we do is optimal.

My goal is to build the brand massively this year and then we will start shorting people in tournaments or letting people buy action of anybody in the world.

2018 WSOP main event for example we want amateurs to buy % of Negreanu/Hellmuth or whoever else. In any high roller we will short every reg in the fields, give better price to investors tHan the mark up they sell at etc. there's some other stuff I want to do too, first of all we have to have a good brand and a successful history of making money and improving our business processes day in day out.

We will use the thread to update boring parts of what makes a successful company. Meetings we have, tough decisions we have to make, how we move people up/down stakes etc

I'm sure we do this better than anybody else but I'm also sure we are far far far far far far far x100 from perfect.

[EvilPie]

If you're making good money as you are then there's a lot to be said about maintaining your current size rather than push to get bigger.

Do you think there would be diminishing returns as you got bigger? I assume you've taken the pick of the available players so you'd be getting profitable guys but necessarily as profitable as the ones you already have?

More players mean more coaching so there's that cost to bear between you.

Also at a certain point you're all presumably just playing against each other and feeding the rake machine? The more players you have the closer you get to that point. Got to leave a few players out there to play against and win money off....

[Marky147]

Started a blog. Goal? To make $5m in 2017 and update our progress/updates/setbacks and provide free quality content http://forumserver.twoplustwo.com/174/poker-goals-amp-challenges/5m-profit-2017-best-business-1646916/

Will keep posting here for personal stuff ofc

I think that might be my first ever 2p2 thread subscription

Best of luck with it all, will follow with interest!

[arbboy]

If you're making good money as you are then there's a lot to be said about maintaining your current size rather than push to get bigger.

Do you think there would be diminishing returns as you got bigger? I assume you've taken the pick of the available players so you'd be getting profitable guys but necessarily as profitable as the ones you already have?

More players mean more coaching so there's that cost to bear between you.

Also at a certain point you're all presumably just playing against each other and feeding the rake machine? The more players you have the closer you get to that point. Got to leave a few players out there to play against and win money off....

As an aside to Matt's points how many of the 70 do you budget to leave the programme and go it alone given they are all big winners?

[pleno1]

If you're making good money as you are then there's a lot to be said about maintaining your current size rather than push to get bigger.

Do you think there would be diminishing returns as you got bigger? I assume you've taken the pick of the available players so you'd be getting profitable guys but necessarily as profitable as the ones you already have?

More players mean more coaching so there's that cost to bear between you.

Also at a certain point you're all presumably just playing against each other and feeding the rake machine? The more players you have the closer you get to that point. Got to leave a few players out there to play against and win money off....

As an aside to Matt's points how many of the 70 do you budget to leave the programme and go it alone given they are all big winners?

Regarding getting more players. I'm sure there are 50-100 guys that are currently staked and making 100k/year, makes me sick/sad that we aren't staking them I'm sure we can help them in some way to both increase their happiness and their ev. Once you get to 130+ you have too many guys playing in the same games and decreasing each others ev, would be good for us to have 200 guys all winning at 15% roi than 130 guys winning at 20% roi, but we try to make favourable conditions for all players.
 
Regarding people leaving, people have generally not done well after leaving us, having a support group is the most important thing in poker, if they go alone they will quickly fall behind the curve because out 13 coaches are all making sure they implement things 1-6 months before the competition and staying ahead thus being able to make higher rois.

We will lose probably 5 good horses throughout the year and another 5-10 weaker horses i imagine.

We ran some stat that players playing for us rather than for themselves over the data we have they make on average 62% more playing for us.

Often a guy will come in the stable, playing high stakes previously with abi of $100+, we look at everything, evaluate everything and tell him that right now is current ability is that of a $30-40 abi guy, if he puts in the effort he can get back to $130 abi but this time with 3x better roi. In this time over the first couple months if he doesn't show huge desire and commitment we will just have to get rid of him as it will be impossible for him to succeed. The easiest people to coach are the guys with no egos, and generally they aren't the guys who have previously played way too high.

[arbboy]

If you're making good money as you are then there's a lot to be said about maintaining your current size rather than push to get bigger.

Do you think there would be diminishing returns as you got bigger? I assume you've taken the pick of the available players so you'd be getting profitable guys but necessarily as profitable as the ones you already have?

More players mean more coaching so there's that cost to bear between you.

Also at a certain point you're all presumably just playing against each other and feeding the rake machine? The more players you have the closer you get to that point. Got to leave a few players out there to play against and win money off....

As an aside to Matt's points how many of the 70 do you budget to leave the programme and go it alone given they are all big winners?

Regarding getting more players. I'm sure there are 50-100 guys that are currently staked and making 100k/year, makes me sick/sad that we aren't staking them I'm sure we can help them in some way to both increase their happiness and their ev. Once you get to 130+ you have too many guys playing in the same games and decreasing each others ev, would be good for us to have 200 guys all winning at 15% roi than 130 guys winning at 20% roi, but we try to make favourable conditions for all players.
 
Regarding people leaving, people have generally not done well after leaving us, having a support group is the most important thing in poker, if they go alone they will quickly fall behind the curve because out 13 coaches are all making sure they implement things 1-6 months before the competition and staying ahead thus being able to make higher rois.

We will lose probably 5 good horses throughout the year and another 5-10 weaker horses i imagine.

We ran some stat that players playing for us rather than for themselves over the data we have they make on average 62% more playing for us.

Often a guy will come in the stable, playing high stakes previously with abi of $100+, we look at everything, evaluate everything and tell him that right now is current ability is that of a $30-40 abi guy, if he puts in the effort he can get back to $130 abi but this time with 3x better roi. In this time over the first couple months if he doesn't show huge desire and commitment we will just have to get rid of him as it will be impossible for him to succeed. The easiest people to coach are the guys with no egos, and generally they aren't the guys who have previously played way too high.

Sure i get that totally.  That's why i never applied!!!   

[pleno1]

2016 review in full. Long year!

https://www.bitb-staking.com/2017/01/03/pads1161-2016-summary/