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verneer's Poker Blog

December 21, 2008

Contemplating a stake for Full Ring in 2009

So I've been running a bunch of numbers recently as far as what I will need to do for 2009. For one, I want to get a lot more volume at the low stakes full ring. I will be playing a lot of tables (16 - 24) and a lot of hours each day. Right now I'm comfortably rolled for 100NL but have been seriously thinking about playing some 200NL. I don't have enough on Stars to play that given the number of tables I want to play, and thus for the first time in my life I've started debating getting a partial stake in my play.

Right now I have in mind a stake of $6K. Payouts would go as follows:

1. First 2K goes to the backer.
2. After that every 2K we split 50/50 until the backer makes back $6K.
3. Daily stop-loss of 3 BI's.
4. If I lose a total 10 BI's (2K) then I think we should call it quits.
5. The backer can pull out completely at any time he or she chooses.
6. If I play 100NL then that does not count towards the backing total.

Having been involved in numerous stakes in my play so I will keep my backer informed about everything going on. So basically it's risking 2.4K in order to win $6K.

There are a couple of reasons why I've debated doing this. First of all, you get 33% more VPPs on Stars at 200NL than you do at 100NL. Secondly, I want to reduce the individual variance of playing a level higher. This is the key I think.

If you are interested and would like to see some stats from my 100NL full ring play, please contact me directly (I do not want to publish them on this blog) and feel free to amend any of the details above. I've put the rules together in a way that I thought would be most fair given my experience with backing, etc. I plan to post my general plan for 2009 a bit later on ...

Addition: I'm also considering doing a partial stake from a few people, with the same rules above (payouts in %) but that would be more work. It might be better since that reduces everyone's individual risk that's involved and makes the amount easier to gather. If that's the case I might re-do some of the details.

Entry Tags:

Dec 21, 08 16:59:21

IM me

AceCR9

Dec 22, 08 01:04:43

pm me, I would be down for a partial stake, dunno if I can afford 6k atm

llama88

Dec 22, 08 02:03:53

gl verneer. <3

durk86

Dec 22, 08 10:35:05

Email me or pm me please i would do the whole stake

2eazy

Dec 22, 08 18:05:55

Stake

I might be able to provide a stake. PM me.

Alien

Dec 22, 08 19:02:06

I would be down to stake you, feel free to contact me if you haven't already found enough people.

SixPeppers

Dec 22, 08 19:02:07

I would be down to stake you, feel free to contact me if you haven't already found enough people.

SixPeppers

Dec 22, 08 22:36:00

warning unsolicited advice to follow :)

if you are beating 100NLH just grind up the role and start mixing in 200NLH games. there is no reason to give away 1/2 you profits at 200NLH as the extra VPPs are not worth anywhere close to 50% of your winnings at 200NLH even if it means a few more months playing 100NLH.

if you do get backed no reason to give first 2K away as that is not fair to you. just do a 50/50 deal with make up for a set period of time

GL whatever you do

ken aces

Dec 23, 08 02:45:25

looks like you already got quite a few offers but PM me if you're still looking

andr3w321

Dec 23, 08 10:54:19

why do you need a stake? i don't understand why you're so allergic to some risk? 200nl is not much harder than 100nl. it's time to start moving up, bro.

citizenwind

Dec 23, 08 14:29:48

Alvin - reduction of variance. Achoo.

verneer

Dec 24, 08 04:46:08

i WOULD DO IT IF STILL GOOD PM ME

HOLLAS

LesW

Dec 24, 08 15:08:53

But dealing with variance is part of being a poker player...

bazuko

Dec 24, 08 22:52:00