Cheeky Suggestion

[Hawt]

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]

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]

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]

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]

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

[Talking Poker]

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]

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.