BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board
 
GTB Performance
Post Reply
 
Thread Tools Search this Thread
      05-07-2011, 05:41 PM   #1
Quick6EF
Lieutenant
22

 
Quick6EF's Avatar
 
Drives: E92 Space Gray
Join Date: Apr 2010
Location: Boston


Posts: 488
iTrader: (0)

Staking my buddy money for live poker. Need info

Im on my phone fwiw...



So theres no more online poker; my friend's entire income comes purely from online games.

He is going to play live tables, but because a lot of his liquid cah is held up right now, he's looking for investors.

Maybe looking to stake 2500. [b]Any idea what % return i should be expecting?
__________________
Appreciate 0
      05-07-2011, 05:44 PM   #2
Quick6EF
Lieutenant
22

 
Quick6EF's Avatar
 
Drives: E92 Space Gray
Join Date: Apr 2010
Location: Boston


Posts: 488
iTrader: (0)

Nws














__________________
Appreciate 0
      05-07-2011, 05:47 PM   #3
Kroy
Brigadier General
United_States
38

 
Kroy's Avatar
 
Drives: E90
Join Date: Jul 2009
Location: Los Angeles, CA


Posts: 3,035
iTrader: (1)

those are some harry arms....
Appreciate 0
      05-07-2011, 05:51 PM   #4
Quick6EF
Lieutenant
22

 
Quick6EF's Avatar
 
Drives: E92 Space Gray
Join Date: Apr 2010
Location: Boston


Posts: 488
iTrader: (0)

Quote:
Originally Posted by Kroy View Post
those are some harry arms....
harry


Ps anyone going to Tough Mudder? I'm on my way up to VT with some buddies.
__________________
Appreciate 0
      05-07-2011, 05:59 PM   #5
Alpine3
Lieutenant Colonel
No_Country
38

 
Alpine3's Avatar
 
Drives: E92 328i
Join Date: Sep 2009
Location: EastCoast


Posts: 1,656
iTrader: (2)

pm me your paypal, I have an extra 2,500 laying around..as long as you promise to pay me back
__________________
E9X Picture Game: 8 points: (High visibility jacket; Strip Club; Pizzeria; Sobriety Test; E9x dressed for Halloween, Billiards, Oil Change, Orange Cone)
Appreciate 0
      05-07-2011, 06:24 PM   #6
JayKay335i
Banned
Egypt
74

 
Drives: ///M323 DCT
Join Date: Apr 2009
Location: North Dakota; its best DUHHHHHH


Posts: 5,047
iTrader: (1)

-110%
Appreciate 0
      05-07-2011, 06:25 PM   #7
Kroy
Brigadier General
United_States
38

 
Kroy's Avatar
 
Drives: E90
Join Date: Jul 2009
Location: Los Angeles, CA


Posts: 3,035
iTrader: (1)

Quote:
Originally Posted by Quick6EF View Post
harry


Ps anyone going to Tough Mudder? I'm on my way up to VT with some buddies.


but i could have just said pun intended and it's a man lol.
Appreciate 0
      05-07-2011, 06:33 PM   #8
nnnnnnnnnnnnnnnnnnnnnn
Lieutenant
United_States
19

 
Drives: 1
Join Date: Jan 2008
Location: 2


Posts: 469
iTrader: (0)

Quote:
Originally Posted by Quick6EF View Post
Im on my phone fwiw...



So theres no more online poker; my friend's entire income comes purely from online games.

He is going to play live tables, but because a lot of his liquid cah is held up right now, he's looking for investors.

Maybe looking to stake 2500. [b]Any idea what % return i should be expecting?
Give him $2500, charge 30% interest if he loses it or 75% of profits until you are paid in full plus 10%. And have it all in writing if you ever want your money back.
Appreciate 0
      05-07-2011, 06:35 PM   #9
JayKay335i
Banned
Egypt
74

 
Drives: ///M323 DCT
Join Date: Apr 2009
Location: North Dakota; its best DUHHHHHH


Posts: 5,047
iTrader: (1)

Quote:
Originally Posted by ferrari355fi View Post
Give him $2500, charge 30% interest if he loses it or 75% of profits until you are paid in full plus 10%. And have it all in writing if you ever want your money back.
But if he does he'll have to be prepared to viciously beat him if unpaid.
Appreciate 0
      05-07-2011, 06:37 PM   #10
nnnnnnnnnnnnnnnnnnnnnn
Lieutenant
United_States
19

 
Drives: 1
Join Date: Jan 2008
Location: 2


Posts: 469
iTrader: (0)

Quote:
Originally Posted by JayKay335i View Post
But if he does he'll have to be prepared to viciously beat him if unpaid.
I'm sure he will have the motivation once he doesn't have that $2500 anymore.
Appreciate 0
      05-07-2011, 07:54 PM   #11
richardbb85
Major
24

 
Drives: e92 m3
Join Date: Apr 2010
Location: annandale, va


Posts: 1,466
iTrader: (0)

playing online is wayyyyyyy different than playing live poker, don't invest in your friend
__________________
2011 E92 Space Grey/black + Tech + Premi + Heated Seats
Appreciate 0
      05-07-2011, 08:29 PM   #12
gun6slinger9
Second Lieutenant
8

 
Drives: 335xi Coupe
Join Date: Feb 2010
Location: Calgary Canada


Posts: 265
iTrader: (0)

If he's like 90% of the online players that I've seen, your money is as good as gone. The majority of online players cant play live games well enough to make a profit. Unless you are sure he has the ability to pay you back when his assets are available I would suggest you not lend to him.
Appreciate 0
      05-07-2011, 10:41 PM   #13
Comet
Troll Harder
Lebanon
70

 
Comet's Avatar
 
Drives: 997 GT3, 997 4 GTS, X6M
Join Date: May 2007
Location: Montreal, Beirut


Posts: 596
iTrader: (0)

Garage List
I think he should wait for his liquid cash to free up
if he is so sure of himself, I'm sure he can free up 2,500$.. it isn't a lot of money...
and if he is so good, then he should be able to turn 200$ into that 2,500$

just my thought
__________________
Appreciate 0
      05-08-2011, 04:43 AM   #14
double_j
Private First Class
1

 
Drives: 2008 JB/B E90 M3
Join Date: Nov 2009
Location: Northeast USA


Posts: 129
iTrader: (0)

On line is much different than live. You will lose your stake and be prepared to be asked for a reload. If you're going to mix friends and money, accept the fact that you're basically giving the cash away and make it a gift.

There's no market for this so there really is no norm. Charge whatever you need to feel good about giving him 2500. If it's too high and he doesn't like it, he can just say no and find somebody else.
Appreciate 0
      05-09-2011, 12:37 AM   #15
1cleanm3
Brigadier General
Armenia
131

 
1cleanm3's Avatar
 
Drives: ///E92M3*RR Sport*Prius
Join Date: Feb 2008
Location: the 818


Posts: 3,606
iTrader: (7)

if this is your best friend who you look at like a brother give him money.

However any other friend which is 1% less then less, do not waste your time. It will cause drama, I promise you.
__________________
HRE + CHALLENGE + KW V3 + GINTANI + ARKYM + YOKOHAMA AD08
Appreciate 0
      05-09-2011, 01:03 AM   #16
KGB7
Crazy Russian Bastard
United_States
12

 
KGB7's Avatar
 
Drives: 01 740i sport
Join Date: Apr 2011
Location: Siberian Prison


Posts: 824
iTrader: (0)

Quote:
Originally Posted by Comet View Post
I think he should wait for his liquid cash to free up
if he is so sure of himself, I'm sure he can free up 2,500$.. it isn't a lot of money...
and if he is so good, then he should be able to turn 200$ into that 2,500$

just my thought
+1
__________________
B
M
W
Appreciate 0
      05-09-2011, 11:10 AM   #17
Joekerr
Second Lieutenant
27

 
Drives: 2008 BMW 335i
Join Date: Jan 2008
Location: Toronto, ON


Posts: 310
iTrader: (0)

Echoing what everyone else has said - playing live is SO much different than online. It will be gone faster than he knows what's happened.

Don't do this.
Appreciate 0
      05-11-2011, 01:27 AM   #18
chuanlee
Registered
0

 
Drives: 328xi
Join Date: Apr 2010
Location: ...


Posts: 3
iTrader: (0)

Don't transition to live poker. Tell him to get his series 7, 55, 63, 87 etc and then transition to a trading desk... especially if his APM is high as a result of certain "other games." He could make 300 times more on rediplus than he ever did on fulltilt if his fundamental understanding of risk/reward is strong enough to earn a living playing poker.
Appreciate 0
      05-12-2011, 03:05 PM   #19
karliejai
Da Kid
Hong Kong
53

 
karliejai's Avatar
 
Drives: JetBlack e90 335i
Join Date: Mar 2007
Location: Livingston, NJ


Posts: 4,577
iTrader: (4)

Send a message via AIM to karliejai
if hes really good, how can he not have $2500 sitting around ESPECIALLY he gambles as a living?!?!?

so let me ask you, would you really stake him?

but i would prolly charge a 20% on top, so he pays you $3000 back in maybe 3 - 6 months?
__________________


MODS: OEM Front Splitter | ACS Roof Spoiler | OEM Trunk Spoiler | Matt Black Front Grill | Black Shadowline Window Trim | Painted Front Lower Rod | Blacklines | JDM Yellow Fogs | Custom Silver CF Headlights with LUX 4.0 | Eisenhaus Sports Exhaust
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 08:41 PM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST