hey whats up my name is billy, sorry to keep bothering you if i am, i'm new to this site and really trying to pursue a poker career. Just wanted to ask you a quick question. If not yourself, do you know anyone else that stakes live cash players? I'm kind of unsure about how to try and be backed for live games, and wondering how I can show or prove that it'd be surely profitable for the backer themselves.

Burn out would have to be one of the main reason's people leave backing, no such thing as a day off or a holiday when you got a bunch of guys to look after.

Over the course of the years how many times have you almost just packed it in and went on to something else? Do you see yourself Staking in 3-5 years?

And imho you can't successfully run a big stable and grind yourself because in the end either your standard of game play will suffer or the business will.

live cash backing is so tough. i wouldnt do it (as a backer) for pretty much anyone. i stake a friend back home for it, but would trust him to be ethical/honest in any situation. finding a live backer for cash will be tough

I am unsure of how many times i have wanted to quit staking over the few years. i dont think i have ever got to the point where i just was fed up with it and wanted to quit/was serious about quitting. Its tough dealing with scumbags on a day to day basis. being somewhat nice to people who owe me 5 figures is pretty trying at times. (talking about people who have scammed me, not people in MU obv).


I am unsure what my long term goals are in terms of staking. I just want to make as much money as i can and to grow the business as much as i can. I suppose a goal i have always had would be able to buy a house in cash some day, so i guess once that happens, will go from there. i have always been somewhat interested in real estate and maybe owning a bunch of stuff and renting it out or buying/selling stuff would be something i can do down the road. I also have thought about running a restaurant, but its kinda hard to just get in a position to do that. staking has taught me a lot about how a business should run, and am hoping one day i can translate that over into a real world situation.

I will be in the staking game for as long as i feel i can make decent money at it. Its taken a while for the business to get where its at for me and elio, and now is when we will really start to make some good money on it all.

Its weird, a conversation that has come up some lately between me and a few friends is that you cant make "real" money from poker. It doesnt really matter if you are the best player in the world or run the best stable. you just cant make enough money to be set for life/retire early. I need to find a business at some point where i can make some 'real" money.

I agree 100% there and im seeing this as my stepping stone back into the real world and a look into future business having taking the skill sets that you get from some aspects of the staking industry that is outside just the handing over $ for a % of there profits. Im guessing your like me and put in 90-110 hours a week into your business (you might have the luxury of doing a little less these days having done the hard slog already) so the work load required would be a breeze.

Having said that Its a pretty chilled day watching others player cards over looking the beaches of Cabo I hear.

[x]sixfiggadays
[ ]feels he’s making real money

I have to disagree with your last comments......it all depends on the person I guess ...there are many people in the world who have made more than enough to retire young and live of there winnings

But as we all know many go onto to burn money and lose it in the poker world,what makes some of these guys tends to break them

How different is the staking world now compared to your first 12 months of backing?

Given $1,000 now ,only staking SNG grinders and low stakes MTTers on your own ,how long do you think it would take you to make $100k from backing players?

How old are you now?

It took me 4 months but teaching Semesa post blackfriday helped. With 2/180 ROI's dropping by around 40% of what use to be pretty easy to teach id put the o/u on 5 months for Zima and I highly doubt there would be anyone outside of him that could do it quicker in todays market with out it simply being a run good.

No way ,shocked if he agrees with you

$1,000 ,lol..........no mtt scores just low stakes SNG guys and low stakes MTTers

How many horses do you think you can take on with $1,000 ,lol.......I don't believe you/anyone could do that in 4 months

You would not be able to take on more than 2 people for the first few weeks ....then after that it would only be 3-4 people etc etc ......then we are close to 4-5 months already

Where do I apply ?

With $1000 you would start off with 2 (which of course you would hand pick to be a kid like a Semesa etc that has talent and just needs to be coached) and invest a lot of time in them early and there splits pay for the others to come into the game. When you have that time to invest into a players game there advancement is going to be a lot greater than the standard entry level player. You follow that up by finding some people that will make bank for you in SNG's and your on the way.

I believe the first player that added MTT's for me was Rowniwn, and well we all know how that turned out (sun) and I think with Zima being the 2nd best judge of talent in this game imo he wouldn't have much problem doing it with in a 5 month window and after the first 100k the 2nd would follow with in 5/6 weeks.

lol, yeah. i suppose looking back at my comments they seem a bit dumb, but people dont realize how much MU we have, how much scamming goes on, how much we re-invest. After our recent big scores, its not like i got 100k cashout. i actually cashed out exactly 0 from all that.

having a hard time explaining...but meh

well, if i was from the UK i would have a ton more money than i do now. the tax man really kills a lot of profits for US people. i dont really spend to much money on stuff, but i think you are missing the point of what i am saying. I wanna be able to just travel the world/chill/not worry about money at all. for me, that would take me having like 10m+. doubt i can make that from poker staking.

The first 12 months of backing were pretty ridic. Pageh656 and I were one of the few people in the MP and got pretty much all the applications. obv everything was softer then and a lot less variance. we were also staking for mtt sngs, so was less variance overall. it was def a lot better time to be staking than now. so many backers dilute the MP with their idiotic deals/short sightedness. Like, if all backers would just look at the long term, staking would be a lot better.

Kinda hard to say how long it would take to make 100k. i am sure i could do it again, but would be a lot tougher cause all these mtt sng guys get ridic deals now that are ******ed for backers to give out.

i am 26


I think a decent advantage i have over a lot of people now is that i have been around the MP so much and have pretty good name recognition. think that helps a lot.

mtt sngs arent a fun grind though. need bigger sweats

lolwat

i have a thread in the MP

That kinda was my point.........you said for "people" to retire, i'm sure some could do what you want to do with 500k........and some may need 100 million etc etc

But as I said it could be done for sure

Hard for any backer to look at this game for the long term now,due to the way online poker has gone recently...........just as i'm writing this here I got a email reply from Pokerstars about MORE recent transfer shut downs in the world ...........they made it clear in the email that we can expect more soon,some without no warnings

So looking at this for the short term and making as much money as you can is not that bad imo........in saying that it would be great if the staking world can stay like this for the next 10-20 years,but imo it is getting worst and not showing any signs of getting any better in the near future

How is it hard to plan for the long term? Since Black Friday we have been warned about any changes in legislation and have the ability to not be caught out like the Staking world was when it hit.

I guess what has changed is that Staking is no longer just something you can do on the side and is now an all or nothing operation and I think players are becoming more aware when they pick there backer and look for what is going to grow there game the most so its not some naive little business where a few sicko's can hand out some money to other sicko's but you know while the rest catch up or drop those that can do it the right way will still make a very decent return on there investment.

Player transfers stopping will be a bigger problem then you think,loads of countries have gone down already......plenty more will be soon !

There will be more fees through stuff like paypal money bookers etc...some will have no option to use the above options.......those who can use them options will have limits that can't be raised for months ....etc etc

I have been looking into it fully ,it's going to be another tough one for backers trust me

Some of the email I got from Pokerstars today........... (as I have a good few guys in Finland that have had there transfers blocked with no warning at all)

"You must note that deals made between players are their own
responsibility. It is also important to mention that changes in
licenses and polices can take place without previous notice and
such changes can affect certain features available in the client
to players."

retiring on 500k would be ridic. think you are way underestimating what you need to retire. I enjoy nice stuff/nice food. i am sure i could live in a cardboard box for the next 40 years, but doubt i wanna do that.


the real problem with the staking world is all the short sighted backers offering awful deals. if all backers just looked at backing as a long term thing, it would be a lot better.


I have no doubt the transferring thing will be a problem, but i think its one I will be able to work around. Always good to have contacts at places like MB to help with limits etc

I'm older than you,family and close friends is all you need with 500k-1 million,trust me.(the interest is not to bad either)

It can be done and can be just as nice life as the guy will 50 million cruising around the world,many older people will tell you it is a lot better

agree to disagree

True

I don't know if you got children Demetri but they dont come cheap and if you add in an investment property per child as well as your own there is no way in hell you are going to be happy with just million. $5,000,000 I could see a case for as you could living off for the rest of your days but all $500k gets you is a nice 2 br place in down town London.

Look at the bigger picture and what is needed in life Demetri not a quick short term gain.

LOL at needing 5 million to be happy ............I have a family I live in London,trust me you don't need anything near what you are saying to be "HAPPY"

If you have a good family around you ,with good friends ,health in tact you don't need that much money to find true happiness..........

Of course the young guys here and by the sounds of it you,will LOL at that,but in years to come you will work it out........for those who don't ,it will be a sad life in the long run

Who said any thing about being happy? The best joy I have had in life was the times I spent as a stay at home father watching my kid grow and chatting to randoms from all over the world in omg, wasn't making a $ but didn't care.

We don't stake to be happy the same way we don't play 30 tables of poker for joy we do it for the money and at the end of the day you wouldn't put in 17-18 hours a day 7 days a week into staking if there was not a very decent financial reward for it. Personally Im not like Zima I don't see myself being in the game for longer than another year by which time im sure the game would have done another 360 degree spin. Staking will see a good reward for a very select few and for others it will not be a venture worth doing no matter how good of a player they are.

"no way in hell you are going to be happy with just million"