so what classes did you decide to take?

GLGL Tyler, remember you from Team Mori days, glad to see you back on the scene! Hit me up on Skype (theginger45_pokerstars these days) if you wanna catch up.

buying souls.

awww yup I remember you a bit, I think you came in the group right towards my end. I think I was around but not necessarily staked when you played.

Just saw this thread, i'm a little slow. Didn't read the whole thing but re: BRM. The biggest, and IMPO the only rule really as a backer, is never go bust. If you go bust as a backer that's a lot of MU which has value that goes bye bye. Being extremely nitty is much better than being slightly aggressive with your BRM for your horses.

A lot goes into what games they are playing, skill level, spread of buy-ins, volume, etc, but in general, I'd want ~100 ABI's absolute minimum per horse in my stable.

IE if I have someone grinding $3r and $8 180s, and another guy grinding $7 9 mans. I'd want $1000 on hand for the 180 grinder and another $700 for the 9 man grinder. Combined that's $1700, shouldn't need to leave more than $300-500 in each of their accounts depending on their daily volume. Being that you can't instantly reload them since you don't have a stars account, probably need to leave more in their accounts which means you will need to be more conservative with your BRM.

Honestly, I don't think $1000 for a 180 grinder is even close to enough. Typical BRM for that is closer to 300 from everything I've heard. What makes you think 100 is enough for one 180 grinder?

The idea behind it is that you have several players playing at once which reduces your overall variance while increasing it. What I meant though, was whatever you were keeping in their accounts with an additional 100 BI's in reserve. So $1700 ready to dump in while the two of them have ~$1000 combined in their accounts. Put it this way, if I was grinding 180s on my own, I'd probably use ~300 BI BRM you can be more aggressive than that if you have a significant number of other horses grinding though.

I suck at explaining myself, lol. Brain too fried from grinding atm.

I think I get what you're saying, and its definetly something I was thinking about bringing up in this thread because I'm not exactly sure what the answer is. With multiple players, you're going to run through variance quicker obviously. But you also have the potential of both of them going on down swings at the same time which would obviously be awful. As has been stated, you lose equity in yourself if you go broke and lose all of that makeup.

Another thing to note with BRM is that you only get 1/2 of the winnings, and yet you take the brunt of the downswing.

Which leaves me very confused. Is it necessary to have 600 buyins for two 180 grinders? Or can you get away with less simply because if you have two winners then variance is the same regardless of its one player playing the games or two?

Right now I feel like we are over staked while we learn what's actually needed.

I doubt I made any sense either but thats the best I can do to explain.

I would have thought that initially it would be preferable to have enough to cover the worst. It is always better to be prepared for the worst run because then you will never have to worry about any of this.

It is basically echoing what has been said before. It is 100% better to have too much in reserve than it is to be spread thin, especially as you are new to the game.

I would also think that your BRM per player could be more aggressive with the more players you have, rather than when you have relatively few players.

IE if you have 20 guys grinding $2 180's, I sincerely doubt that you'd need 300 BI's for each of them or $12,000 total. I'd probably be comfortable with a $3000-5000 roll if that was the case. I think that's what I was trying to say in the first place but it doesn't really apply until you have a larger player pool.

In the mean time, I would, as I said before, remain extremely conservative. Keep 100-200 BI's per player in reserve, as well as whatever is in their accounts (which in general terms, depending on ease of reloading, shouldn't need to be more than 2-3 sessions worth of buy-ins).

sub'd should be interesting to follow this... never really backed anyone yet just a couple friends for a short period of time but it is def something i'm interested in doing more seriously sometime in the future so hoping I might learn a few things following this glgl

Ok I think we're basically agreeing here then. That's one of the reason that I wanted to expand and add a partner. Now, instead of having 2 grinders, I (we)can probably have 5-6. 2.5-3 players>2 players.

It just limits variance in the sense that the chance of them all going on a downswing at the same time is small.

A 3r abi is between 11-13 depending on the style of reg and the average grinder playing 20 tables and with what currently "standard" swings facing a 180 reg these days $1000 is a good starting roll for there days play but thats about it.

Spreading out your swings between horses can be done but it greatly increase risk of ruin and will lead to nothing but stress once you have a few guys getting decent make up.

daily graph



Uploaded with ImageShack.us

interesting thread man. ive been thinking about getting into backing a bit myself but am probably going to wait until I have more to invest. I am also from the US so I am interested in your thoughts about having to send money through paypal or other means. Are you worried about this as an increased risk as opposed to being able to send and receive directly on the sites? How do you handle moving money around when you get portions of profit and things like that. Do you have a horse cashout his share and yours and then send yours on paypal. It seems like a huge hassle and potentially could get expensive if there are fees to deal with. gl on having continued success and building that backing roll.

Tyler

$3r's also have significantly less variance than it's non-rebuy counterparts. I agree ABI is likely around $12, however, his horse is also playing $8 180s which I'm assuming are loading more often than the $3r's which lowers his ABI to about $10. I haven't played on Stars since BF so I guess I could be way off in assuming that the $3r 180s are still significantly softer than the $8s/$15s. Pre-BF a lot of regs didn't like to mix the two formats as $3r's played so much deeper (larger edge but require more focus deep).

I still think $1,500 is fine although clearly want to have extra in reserve.

Personally, being the BR bit I am, I would probably treat every horse as if I was the one grinding and have the BR required to play the games online at all times without having to re-deposit. For me in $8 180s and 3r 180s that'd be roughly a $5,000 roll. But once again, I'm a total BR nit.

well considering at one stage I had 30 regs in em at one stage and spend most of my days studying rois and swings i like to think i have an ok understanding of the common variance for a good reg these Days, this aint like pre bf when you could check in and check out with an easy win. Hell a 70 buy in down swing in a session is pretty common atm

Cool peak behind the curtain, subscribing!

It shouldn't be too much of a problem ATM because of my new staking partner. That should alleviate much of the potential problems with transferring of funds.

horses only played 28 games today but made about $185. Happy with profit, hoping we can add more players soon so we get more daily volume.

If anyone knows someone looking for a stake, feel free to shoot them our way

Good luck with this, been staking quite a bit myself and you make me wanna do it again!

its (obviously) so much different than grinding...definetley rewarding imo, both financially and in other senses.


Up about $200 so far today, and also added a 3.50/45 man player as well. The ball is rolling

Note how all three are in the black today

added a fourth player today to play PLO/PLO8 SnGs.

I have a little bit of familiarity with this player, though. For those of you who played for mement/Ronnie, henri's decided to join Team Teeej. More confident than I was a day or two ago when we weren't really getting many solid applicants.

Nice, Henri's the man. Hope you guys turn this into something big. Always good to hear about Team Mori studs