Cheeky Suggestion

jimmym · #1 12-02-05, 09:36 PM

We all know that TP is playing some really good online poker at pressent and I fancy him to win another big one soon, for some reason it works like this , when you are playing well the cards tend to come your way.

I suggest TP plays this weekends big PS tourny 15323030, I love this tourny and have played in it twice making the $ on both occasions, my problem is pushing on once in the money. Someone mentioned the Farmer and Fox situation and currently I am in that Farmer frame of mind.

But TP is not, he is really playing well and going for that 1st place all the time. It would be great if he entered this tourny and gave us the oppertunity to back him, it would cost 10 of us £22 to back him and pay his entry, If he losses , so what its only $22 but I feel he could final table or eveen win it at this pressent time.

I suggest this with an offer of 50percent of any winnings to him and 5percent to each of his 10 backers. What do you all think?? and more important what do you think TP?

Hawt · #2 12-02-05, 09:44 PM

Nevermind I found it the 500k guaranteed right? 200+15? It sounds like a good idea, but TP seems to have a large enough bankroll that he could just buy into this if he wanted too. The WSOP one was 200+15 as well, I think he is at the level that he probably doesn't need a backer for one of these tourneys.

I'm not TP though so it would be interesting to hear his thoughts, not like I have anymore to put towards it even if I wanted too though.

Though from his point of view, its either a $200 +$15 500k tourny or a 250k free roll

Talking Poker · #3 12-03-05, 10:13 PM

I don't need the backing in tourneys of this size, no.... but that's not to say I wouldn't do it. I've sold 10% of myself to Penguin before, and I've bought 10% of Chip before....

Not only can backing be a good investment, but it's also fun...

Good thing this forum was down and no one backed me today. CLOSE, but no Bahamas. Or Australia.

Bah!

Hawt · #4 12-03-05, 10:27 PM

When you sell someone part of your action, is that like them backing you, but in a cash game rather than a tournament?

Talking Poker · #5 12-04-05, 12:41 AM

I've never sold any of my self in a cash game, nor will I. Tourneys only.

Here's an example for you: I publically sold shares of myself when I was in Aruba a couple of months ago, right here on this forum. There weren't many takers, but there were a few.

I may or may not do the same for the WSOP next summer. Right now, I'm leaning against it, but when the time comes, who knows? I probably will, but no more than 10 or 20% total.

JDMcNugent7 · #6 12-04-05, 12:50 AM

Just wondering, why wouldnt u ever sell part of urself in a cash game ?

Talking Poker · #7 12-04-05, 03:06 AM

I dunno. Never really thought about it.

If someone wanted to BACK me for a cash game, I guess I'd do it. I mean, no risk to me, right? Like if you gave me $5000 and wanted me to play 30/60 (6 max, of course) with it until I entier doubled it or lost it, I'd do it. That's only 80some BBs, which is NOT a proper bankroll, so there is a chance I would bust with it, but I'd say it's probably a 20% chance I'd bust and an 80% chance I'd double it.

So, if the deal was that I don't lose anything if I bust and I get to keep half the profits if I double it, I'd be risking nothing with a shot to earn $2500. Seems like a great deal on the surface, but if my 80/20 guesses were correct, I think that means my EV on the $5000 would be: .8 * 5,000 + .2 * - 5000 = $3000. And since $3000 is > $2500, that means I shouldn't use a backer and should back myself.

Right? Did I do that right?

Of course, that's all dependent on my 80/20 numbers being correct, and those could be way off, I guess. If we change them to 60/40, my EV becomes just $1000 which is much less than the $2500 from the backing, so I should use the backer.

I realize this has nothing to do with the original question any more, but as I started typing, it just kept on coming out. Sorry about that. Interesting to think about though.

JDMcNugent7 · #8 12-04-05, 03:20 AM

very interesting to think about - and i totally see ur point - with those 80/20 numbers i think everyone would certainly want to back u.

Talking Poker · #9 12-04-05, 03:26 AM

Because I'd only have 83ish BBs to work with, those numbers are probably off. It's probably more like 60/40. But give me $3000 and make me play $5/$10 (300 BB), and I think the actual numbers would be more like 90/10.

At least.

Hence me not being in a real big hurry to finsd a cash game backer.

Talking Poker · #10 12-04-05, 03:29 AM

Reviewing my detailed 5/10 and 10/20 (mixed) 6 max records.... I have NEVER had a $3000 downswing. I've had a couple that approached $2000, but never once had I dropped $3000 before winning it all back and turning a profit.

That's pretty sweet!

JDMcNugent7 · #11 12-04-05, 03:35 AM

Seems like u would be making a freakin KILLING with those kind of numbers (and im not saying ur not - i dont have a very good idea as to the amount of $ u make)

u must absolutely never tilt tho - those are some impressive numbers

Talking Poker · #12 12-04-05, 12:39 PM

Oh, I tilt... believe me, I tilt (see 2k downswings above).

If I played poker full time, and stuck to 6 max cash games, I think I could earn a pretty decent chunk of change. But I'm a very busy man (which is odd, considering I don't "go" to work), and I end up not playing all THAT much poker.

I'm on my way out now, but you might be able to talk me into posting some BB/100 numbers later, if you really want to have fun with some math.