Quote:
Originally Posted by monikrazy
Ehh, didn't exactly flame you, just pointing out there are some red flags here.
Like Mlark said, its not clear that this arrangement would actually be financially beneficial to your friend, even if you are a winning player.
Otherwise he is risking $750 while you are sort-of freerolling him on the profits but none of the potential loss. And if you somehow aren't free-rolling him you are basically doing him a favor, despite the complexity of the terms.
We really don't know enough about you or your friends motivations and situation to get too specific on recommendations. Maybe your friend is an action junkie, doesn't care if its -ev bet and its not a meaningful amount of money - whatever that wouldn't be a big deal.
But the situation sounds and smells ill-advised, there are way too many poker players who have hurt the game's reputation through shady, scummy and irresponsible behaviors for us to write you a blank pass.
That's not to say you are being a bad actor or don't value your friend - but taking his $750 could still be a bad idea.
Oh and don't forget - that if your friend thinks running 750 up to 10k in a single session is realistic, he doesn't understand poker at all - its not an informed gamble.
Its ok to tell your friend: "Look i would be happy to have you to stake me regularly but it doesn't make sense for you to make this decision on a one-bullet sample size." And provide him with more information and/or options to make his decision.
If you are looking for a long-term backing relationship, its better to start with good communication. But also - it's generally not a great idea for someone who doesn't understand poker to back you, especially without seeing documented win rates and/or understanding variance.
This makes sense He’s not a close friend by any means. And he doesn’t expect 750 into 10000. Just wants to sort of (in his terms take a shot investing $750 in me)
Idk maybe he has watched rounders too much and thinks the ki ish deal w Mikey is a real thing.
I tried to tell him we would be better off with a real stake and making it long term. If he were interested l
So yes it’s a free roll for me. And I told him one bullet can easily be lost. He said it’s ok. He also said he wants to press the money if there are any winnings. Soni can take my cut. And his half just add to the bankroll and run it up. He just doesn’t want to invest more than $750
It’s def an interesting prop. Lol. That’s why I turned to asking other poker players