The Best In The Business

[Simon Galloway]

Several years before you, and admittedly with a massively different landscape back then, but when I grew to those kinds of numbers diseconomies of scale were an incredibly difficult hurdle.  Having someone 'look at it' is far from being sure it is going to be 'optimal.'  I put in lots of scalable design/process/fwd thinking and while my business background gave me a significant advantage over other stables being run by poker players with no business acumen, the reality is that you still have to regularly deal with poker players making sub-optimal decisions in their lives, poker sites making sub-optimal decisions for staking and Governments/economies making exogenous decisions that inadvertently hurt staking.

Having some world beaters amongst the ranks is a great edge, and very possible a USP in the staking world today.  So you have a very decent shot at it, BoL.

[pleno1]

We probably look at the things a little differently though. For example our guy can study millions and millions of playing data and see a lot of patterns of things that for some reason make a lot of money in game, whether that me the guy with 67% turn probe vs 63% turn probe make an extra 0.5bb on average. He can then bring it to us, ask why, look at other things around it. Once you do this for 100 different kinds of small stats, the three founders are all top 10 mtt players and can develop an overall game plan the whole stable should be playing. Once we do this, others start to imitate, but by the time they do it our guys are already playing the next strategy that we've developed thats a slight adaption to the old one.

The problem with stables previously is they're either really good players and not willing to put in the effort or they are non poker players who don't "get it". Third thing is obviously important is having guys smart enough and willing enough to work hard on their game and adapt consistently. Adapt or die I guess.

Our business model is simply to try and stay 1 step ahead of the curve and build a model that we can roll out. Its similar to trading or stocks etc I guess, come up with something that competitors aren't doing well, then roll it out on your floor and make sure the smart guys in the city want to work for you and not the guys in the office next door. The toughest thing out of this all is finding the magic formula to what actually makes money (the strategy)

[Karabiner]

How much of that five milly will come from your footie bets and is Tony Bloom in danger of being eclipsed?

Best of luck in the new home.

[Simon Galloway]

We definitely look at it a bit differently  I'm not saying you won't (continue to) succeed and I genuinely wish you all the best in it.  Tweaking stats ofc is looking at the micro aspects ~ all very important as without beating the game, it all turns to custard very quickly anyway.  The macro level are where the major roadblocks can come in, legislative changes, affiliate changes, taxation, to name a few.  That's not to say they aren't able to be overcome, just that I don't want it badly enough to put the work in to do it in 2017.  There are potentially numerous single points of failure lurking out there and I'd be impressed/amazed if anyone has taken contingency management to the level where such risks are managed/mitigated.  If you have all that, then the future is rosy.  To some extent, it won't ever matter as long as players can continue to beat the shit out of the games, you can have loads of sub-optimal streams and not even realise/care as long as you are backing up the truck.

[teddybloat]

you said in the thread that all your players send their hands to your data analyst, and : "For example our guy can study millions and millions of playing data and see a lot of patterns of things that for some reason make a lot of money in game"

isnt this a little close to datamining? is pooling HHs within a stable allowed by stars? its not something i would be posting on 2+2 tbh. people get a little hysterical over there.

[Doobs]

you said in the thread that all your players send their hands to your data analyst, and : "For example our guy can study millions and millions of playing data and see a lot of patterns of things that for some reason make a lot of money in game"

isnt this a little close to datamining? is pooling HHs within a stable allowed by stars? its not something i would be posting on 2+2 tbh. people get a little hysterical over there.

It looks to be against the terms and conditions.  It might be ok if names were lost?

You'd probably be breaking the data protection act also?

[POWWWWWWWW]

you said in the thread that all your players send their hands to your data analyst, and : "For example our guy can study millions and millions of playing data and see a lot of patterns of things that for some reason make a lot of money in game"

isnt this a little close to datamining? is pooling HHs within a stable allowed by stars? its not something i would be posting on 2+2 tbh. people get a little hysterical over there.

Not even for the 2+2 posters but the fact Stars reps lurk most threads and I don't think they would hesitate to ban and confiscate money from 100 winning regs given their current strategy/shadiness.

[pleno1]

Yeah we were looking at which way to do things and unfortunately terms of service don't allow us to do what would be gto. We play by the rules and still works fine.

[pleno1]

These books were basically all recommended from Fedor/Prat. I think both guys are probably more philosophical than I and naturally smarter than I. Books that they can relate to, I, as a mere mortal probably cannot. They will likely grasp things that I just can't quite get my head around. I will try to review each one that I read here and put 1-10 points that I take from it after I read, or be honest and say how many pages I read before giving up. Hopefully people itt are similar to I than the geniuses like Holz and Buddiga and I can give a little insight to what I learn here.

   The Four Agreements: Practical Guide to Personal Freedom (Toltec Wisdom)
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£8.39
   The Magic of Thinking Big
Sold by Amazon EU S.a.r.L.
£6.99
   Superforecasting: The Art and Science of Prediction
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£6.29
   Algorithms To Live By: The Computer Science of Human Decisions
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£13.60
   Daily Rituals
Sold by Amazon EU S.a.r.L.
£8.99
   The 7 Habits of Highly Effective People
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£11.89
   The Art of Happiness: A Handbook for Living
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£9.89
   The 4-Hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich
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£9.09
   Elon Musk: How the Billionaire CEO of SpaceX and Tesla is Shaping our Future
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£6.99
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   The Founder's Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a Startup (The Kauffman Foundation Series on Innovation and Entrepreneurs
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£11.96
   Losing My Virginity
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£8.39
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£10.49
   Antifragile: Things that Gain from Disorder
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£8.79
   God's Debris: A Thought Experiment
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£13.76
   A Guide to the Good Life: The Ancient Art of Stoic Joy
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£9.09
   Tao Te Ching
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£5.95
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£23.77
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[Woodsey]

Shouldn't laugh but 'learn to drive' 

[MANTIS01]

Losing My Virginity...

[pleno1]

Losing My Virginity...

Richard Branson autobiography.

[Tal]

Losing My Virginity...

Richard Branson autobiography.

He knows that. Just being silly.

Do you ever read fiction? I like reading nonfiction too, but just doing that would be like only watching documentaries and the news on tv.

PM sent btw.

[Gazza]

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

Thread deleted?

[Ragz]

What an incredible year, I'd settle for a 20th of that at the moment. Can you say how many hours you played online and when screening the applicants for the stable what sort of hours do you expect from them? Presumably the willingness to play 12-14hrs on any week day and maybe longer Sundays ?