Busto to Robusto
Well, I finally went busto, by initial deposit of $100 lasted a good ol' 8 months.
I know Jeff & Graham this is probably against the forum rules, or posted in the wrong area. But as a long time member of CPF, will you let this post slide under your radar.
I am here to ask for $100.00USD for 10% stake for 5 months.
Here is the scenerio:
1) With a $100USD stake
I will be 3-4 tabling $0.05/$0.10 $3.00 Cap Games, I only sit at these tables with $5.00 to start - I know its cap, but its easier for me to do the math.
2) I will create a sub forum on my progress, giving nightly summary of my session, ie. key hands, profits, etc.
3) I receive rakeback every Friday from on FTP - RaketheRake.
4) Every friday, I will ship you 10% of my profits (which includes rakeback)
for example: Starting Stake $100.00
Period Ending First upcoming Friday my balance is now $110.00
$5 Rackback = $115 Total (Including Rackback + Initial Capital)
Subtract initial capital = $15.00
Your stakeback on Friday = $1.50 (10% Stake + Rakeback)
This is just an example, if the amount is less then $1.00 this will carry over to the following Friday.
If I do not make a weekly profit - You will get 10% of my weekly rackback.
Which means you should be getting monies every Friday, regardless of Win/Lose
If I start the next week with under my initial capital, the formula will start with that #
Jeff & Graham, I hope you guys can vouch for me - as I am a long time forum member.
If you have any questions, please do not hesitate to leave comments or questions.
My FTP name is LovisPoker
I know Jeff & Graham this is probably against the forum rules, or posted in the wrong area. But as a long time member of CPF, will you let this post slide under your radar.
I am here to ask for $100.00USD for 10% stake for 5 months.
Here is the scenerio:
1) With a $100USD stake
I will be 3-4 tabling $0.05/$0.10 $3.00 Cap Games, I only sit at these tables with $5.00 to start - I know its cap, but its easier for me to do the math.
2) I will create a sub forum on my progress, giving nightly summary of my session, ie. key hands, profits, etc.
3) I receive rakeback every Friday from on FTP - RaketheRake.
4) Every friday, I will ship you 10% of my profits (which includes rakeback)
for example: Starting Stake $100.00
Period Ending First upcoming Friday my balance is now $110.00
$5 Rackback = $115 Total (Including Rackback + Initial Capital)
Subtract initial capital = $15.00
Your stakeback on Friday = $1.50 (10% Stake + Rakeback)
This is just an example, if the amount is less then $1.00 this will carry over to the following Friday.
If I do not make a weekly profit - You will get 10% of my weekly rackback.
Which means you should be getting monies every Friday, regardless of Win/Lose
If I start the next week with under my initial capital, the formula will start with that #
Jeff & Graham, I hope you guys can vouch for me - as I am a long time forum member.
If you have any questions, please do not hesitate to leave comments or questions.
My FTP name is LovisPoker
Comments
No comment on the staking.
Where would you playing this on? P* or FTP?
Also, I have been grinding this for the past 3 months....my formula did have substance at first, then I started playing some DON's that took me to busto.
But with pure disipline + stake + goal = $monies
Especially on a public forum such as CPF with a spotlight on my ass every session, will enable me to play much better...imo
You would need to divide up the profits each Friday (or generally after a set period) and then start fresh.
You also need to address how to deal with investor losses from week to week and will need to ship the investors back their initial funds at the end.
I've been staking players for a couple of years now and actually showing a profit
I would be playing strictly 0.05/0.10 NLH 6 Max. Cap games on FTP
10% for 5 months seems fair, for $100USD investment.
Especially since the investor gets a piece of my rackback win or lose weekly.
Let's not forget - even after the initial capital is given back under the 5 month contract, I would still be giving up profits of 10% to fulfill the 5 month contract.
If I fail to make a profit during a week - the investor would get 10% of my weekly rackback.
This is easily tracked through RacktheRack.
I would then continue with what I have - as my new starting capital.
ie. Week 1 I lose 10 dollars, my new start would be 90.00 and profits + rake would start from this point forward.
That said, the first rule of a potential stakee is to sell yourself, and at no point have you stated why this is a good investment.
Why should I invest my money into your skill?
What successes have you had?
Yes, but if you lose it all in the 1st week 10% of nothing for the other 4 months and 3 weeks is still nothing.
forgot to mention that
$5 min on FTP
You've admitted you lost your last roll entirely. You are playing short stack on limits you won't be rolled for. And you're not making the payback over the period profitable for anyone.
Have you considered stakeback? Where as soon as you earn back your investors original investment, he gets that back immediately, and then a 50/50 split of any/all profit. That would be a much more attractive deal to make, however you still need to show you're a winning player. Supplying OPR or Sharkscope stats is a good way to do this. Do you know what your OPR is at the moment?
Essentially the same thing as any biz that needs investors.
for those that play for a living it reduces variance, which is a good thing when you have to pay bills with your profits.
No need for BR management. You can play the games that you are +ev in without having to be properly rolled.
But you are correct 50/50 is std
10% stake (including rakeback) is way under market value. Say you turn it into $1000, I would receive $200 + 10% rakeback. You would receive $800 + 90% rakeback?
Sorry thats a bad investment (not dissing your poker skill).
Yeh, I understand that, but for a lousy $100.? Now if he was asking for 50 or 100g's.. different story...
You can OPR or SHARKSCOPE me:
FTP: LovisPoker
Keep in mind this is cash games only, not tournaments
Now we know who makes all the money around here
lol, not from poker, that's for sure!
Think positive people.
really even after staking me your in profit? lol
yup. Had 1 $10 investment ship me back $290 in profit in July. Most are much smaller but man that one was funnnnnn
Some bet on sports/horses, I bet on players essentially.
oh wait i just started selling me, i should start a thread since i got to withdraw the roll, you know that stupid holiday christmas coming,sigh.
enough of my rant
good luck op:)
My humble suggestions....
You need to give reasons why people should invest in you...
For example:
My database shows you're made about 4bb/100 over the last 4000 hands... at the cap/.05/.10 Short handed game... put that in your staking proposal...
You also need to offer a much better deal to your stakers ... 10% is insultingly low. 70-85% would get some bites.
You might try asking for microstakes.. get 10 people to drop $10 ....
Also you need to say how many games you will play per day.... Try to shoot for at least 1000... that should average 40BB=$4/day.+RB
Just some suggestions.
PS, I'll vouch that this player is a longtime poster ...
Edit: It looks like I can be fooled by name changes....
This is just a microstake:
$100USD for 70% equity for 5 months
As mentioned before, I will be playing strictly 5c/10c Cap games on FT
My stats for this type of game is:
4/bb over the last 4,000 hands
I will play 1200 games / day
I am willing to hear counter offers, or even stakeback aswell.
Please let me know, I would love to get this thing started Nov. 1st