Cheeky Suggestion

[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.

[Talking Poker]

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]

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!