Prose from a Poshboy

[WotRTheChances]

Oh and Tom High.

Douche!

[George2Loose]

Wow Mbn! Sure u used those chips to notch up yet another dtd flag

[cambridgealex]

Wow Mbn! Sure u used those chips to notch up yet another dtd flag

No, it was more useless rungood as yet again I ran bad later on when it counts. #whenwillitend

[George2Loose]

Why do bad things always happen to good people?

Genuinely though, and you'll think I'm bring insincere, good luck in Latvia.

[skolsuper]

Assuming you are going to be putting a horse in hundreds of tournaments, then you will see barely any difference in variance over those hundreds of tournaments if you put another horse in the same tournaments.    

There is going to be barely any difference in ROI too.  Take a tournament with 200 players in that you expect to get 2 x your buy in back on average.  The average expectation of the rest of teh field will be something like 0.9 x buy in because of entry fees.  If we believe you are still playing in 2007 (or in France, or on sky poker) and are all 2.0 x buy in players.  Adding in another 2.0 player would mean your expectation had dropped by 1.1/200 or from 2.0 to 1.995 [1.1 is the difference between a 2.0 player and a 0.9 Mr average].  If you put 4 horses in the effect would be to reduce your ROI to 1.985.  This would reduce your expected return from the tournament by less than 1%.  Assuming your horses are 2.0 players, then your overall return from this tournament should more than compensate from this small drop.  And this is before you even consider soft playing and colluding!

Of course this 1% difference won't be consistent over all tournaments, you could play 5 and see no effect and then consider you have been robbed of 10% ROI in the next.  Of course the upset over the big drop in ROI should be compensated by the fact you and your horse must have binked pretty huge for that to happen.

OK maybe at 1 in 50 the effect is so small as to not be worth caring about, if your players are all +100% ROI. But to say it isn't worth considering at all is absurd, clearly at some point there will be an effect, otherwise you could stake everyone in the tournament.

You're supposed to drop them before you go bankrupt. If you go bankrupt from staking then you have no-one to blame but yourself, same as if you go bankrupt from playing. If you say you're going to drop a horse and they decide to accept a lower max buyin out of the goodness of their heart/because they can't find another backer then fair enough.

In your view.  It seems very black and white.  I go through life assuming that things can and will change and though I have every intention to employ person A to do job X for the forseeable, things can and do change.  If I ran a staking operation, I would be very clear that if things change, I reserve the right to change max buy ins, games they are staked for etc.  If we are succesful, they will go up, if we aren't, they go down.  

I am not sure why you think dropping people is the right thing to do, but dropping their limits by 20% is somehow morally repugnant.  

If you let a horse run up makeup at one level then expect him to grind it out at a lower level if he doesn't win straight away, the risk you're taking is less and the reward to the horse is lower. It's unbalanced and unfair imo. I don't see how dropping horses is any different to sacking 30 of the employees in your business example, unless you're suggesting the business keep on all 50 employees and cut their wages by 60%.

[cambridgealex]

Why do bad things always happen to good people?

Genuinely though, and you'll think I'm bring insincere, good luck in Latvia.

IKR.

Cheers mate.

[StuartHopkin]

Riga  is awesome.

Most unsafe shooting venues ever seen
Awesome bar in some hotel on the 30th floor. Amazing views.
Round of each in the basement of the hotel
Ridiculous go go dancers in all the bars

Don't play toooo much poker mate, it's a fun place.

Gl

[skolsuper]

I have one massive issue with staking (this is a little irrelevant to your point Alex I just fancied sharing )

Lets say I stake you and in week one you lose £10k, you're in £10k MU. Next week you win £25k, I get my £10k back and we get £7,500 each - LOVELY.

Next week you lose £10k, you're in £10k MU. Now, I'm down £2,500 and you're +£7,500 from the deal lets give MU 50% value my equity is +£2,500 but you're still +£7,500 actual cash.

I realise if they are never going to quit in MU it's irrelevant but I really think it's bad as a stnd practice. I used to stake someone for HU cash games online, he started out with a £5k float, the first time we chopped up profits was when the float was at £15k, we got £2,500 each and the float stayed at £10k. Then we chopped up every 2 weeks and after a few winning weeks I upped him to 60/40 and the day we ended the staking deal of the £10k float he got £3,000 of it. I remember I gave him the option once of not chopping till the float was at £15k and moving up to 65/35, but we decided not to. As a result of all this, I was never behind at any point on the staking deal (this was quite lucky prolly). I think it should work something like this staking (having said that I'm staking someone atm and I'm not doing this)

If you have any kind of clawback method for previous profits, the horse wouldn't be able to spend those profits and would have to keep them on reserve in case they lost, kind of like a bankroll, i.e. they are effectively to some extent staking themselves.

In your example, the guy made £10k profit and only got £2.5k for himself. Presumably you didn't set out at the start that it was 75/25 in your favour, so if you set out originally to stake him on a 50/50 deal then £2.5k of that £10k float is his that he is using to pay 25% of his own buyins, yet you were still taking your full 50% of profits. The fair chop, if you set out to stake him 50/50, was 62.5/37.5, and £2500 of the float was his if the deal ended. If you'd gone ahead with leaving another £5k winnings in the float, then £5625 of the £15k would have been his money and he would be paying 37.5% of his own buyins, meaning you should chop profits on the remaining 62.5% and therefore split the whole lot 68.75/31.25 in his favour.

[jgcblack]

I suppose a great deal of trust is needed to back someone, I played the £500 at dtd where a young lad joined very late as he had been given a paid entry by someone - a couple of hands in he loses a quarter of his stack on a bluff and no more than 15 mins gone he is out.He just shrugged and headed to the bar - £500 from his own pocket I would say no way would he have made his moves.

Disagree 100%!!! They play to win aswell . That's their job n is trying to win comp.
Shouldn't have stake them if u know they r useless like **** *****!!! Lol

like who???

[smashedagain]

I suppose a great deal of trust is needed to back someone, I played the £500 at dtd where a young lad joined very late as he had been given a paid entry by someone - a couple of hands in he loses a quarter of his stack on a bluff and no more than 15 mins gone he is out.He just shrugged and headed to the bar - £500 from his own pocket I would say no way would he have made his moves.

Disagree 100%!!! They play to win aswell . That's their job n is trying to win comp.
Shouldn't have stake them if u know they r useless like **** *****!!! Lol

like who???

lol..... John black actually fits

[jgcblack]

I suppose a great deal of trust is needed to back someone, I played the £500 at dtd where a young lad joined very late as he had been given a paid entry by someone - a couple of hands in he loses a quarter of his stack on a bluff and no more than 15 mins gone he is out.He just shrugged and headed to the bar - £500 from his own pocket I would say no way would he have made his moves.

Disagree 100%!!! They play to win aswell . That's their job n is trying to win comp.
Shouldn't have stake them if u know they r useless like **** *****!!! Lol

like who???

lol..... John black actually fits

[smashedagain]

Hope it ain't you. Thought you two had buried the hatchet

[jgcblack]

Hope it ain't you. Thought you two had buried the hatchet

as far as I'm concerned there isn't one to bury...

We exchanged pleasantries the other day when I was up for the dtd150.


Probably nothing.

[Fenix35]

Oooh enjoy Latvia, sounds fun! I'm already looking forward to Mitch's holiday video :p

[kinboshi]

Oooh enjoy Latvia, sounds fun! I'm already looking forward to Mitch's holiday video :p

Need another MTV Cribs video imo.