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05-07-2011, 05:41 PM | #1 |
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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?
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05-07-2011, 05:51 PM | #4 |
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harry
Ps anyone going to Tough Mudder? I'm on my way up to VT with some buddies.
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05-07-2011, 05:59 PM | #5 |
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pm me your paypal, I have an extra 2,500 laying around..as long as you promise to pay me back
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05-07-2011, 06:25 PM | #7 |
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05-07-2011, 06:33 PM | #8 | |
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Quote:
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05-07-2011, 06:35 PM | #9 |
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05-07-2011, 06:37 PM | #10 |
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05-07-2011, 07:54 PM | #11 |
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playing online is wayyyyyyy different than playing live poker, don't invest in your friend
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05-07-2011, 08:29 PM | #12 |
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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.
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05-07-2011, 10:41 PM | #13 |
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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
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05-08-2011, 04:43 AM | #14 |
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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. |
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05-09-2011, 12:37 AM | #15 |
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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. |
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05-09-2011, 01:03 AM | #16 |
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+1
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05-11-2011, 01:27 AM | #18 |
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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.
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05-12-2011, 03:05 PM | #19 |
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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?
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