Quote:
Originally Posted by Shai Hulud
Assuming you can collect when he breaks the agreement it seems like a good investment. You get to make profits until the gambling addict / alcoholic with cyclical depression falls off the rails at which point you collect on any losses as well. The only scenario where you lose is if 6BM goes on a 20+ BI downswing and busts without breaking the agreement. Which given the thread history seems unlikely, since just about every time 6BM ran bad for a spell his solution was to drink and/or move up in stakes and/or play table games. Presumably any of these things violate the agreement.
So yeah I guess it might be a decent investment. Actually seems a bit predatory, though I'll admit I only know the basics of staking and perhaps these kind of conditions are standard with high risk players.
My day job is in risk consulting, so very used to implementing good strong controls in processes. Ie 6b has to come to the verifier for get chips to buyin/rebuy, he has to rack up in the presence of the verifier before cashing out and handing all of the cash to them. The whole point is that he can’t really get OOL with my money to degen it off at high stakes / pitgames. May seem “predatory” or too excessive to have these level of controls in place, but some players just need to be micromanaged to succeed before they’ve developed the discipline to go off on their own.
From his point of view, 6b can quit me if he thinks it’s such a bad deal for him. Let’s be real though, it’s hard to find someone to back you in his situation.
Beating 1/3 for $10 an hour may be worse than delivering pizza, but look at it as a personal long term investment to eventually allow yourself to beat the game for a lot more than that on your own. Not everything is about the short term $/hr