Going to go ahead and get this posted up now to try and gauge interest. I wanted to do something a little different this summer in this marketplace if anyone is looking for an alternative sweat that shies away from the tournaments and plays to my experience in live cash games. I think this could be a fun vehicle for prospective investors as it provides a daily sweat/rail for the duration of the series. It’s based roughly on similar packages I had seen in the past though tweaked and dare I say refined a bit. May get a little long winded as I am trying to cover all bases on the proposition in this post.

My name is Ryan Leadem aka Wheydacheese, I have been on these forums for some time posting updates in a LvL thread here:https://forumserver.twoplustwo.com/1...vegas-1457865/ as well as selling and buying action on this particular sub-forum. I have played live cash games in Vegas as a primary source of income for over a decade now and prior to that played mostly online. I play primarily 1-2/1-3 nlh as well as 2-5 nlh, 4-8, 8-16, and 15-30 O8, and 1-2 plo. If the low stakes bear some explanation I can only say I am not particularly motivated by money (for money’s sake) and have always been comfortable just paying life expenses, that in conjunction with a risk adverse nature and a penchant for travel/foodie lifestyle in leu of bankroll contribution has led to me having put in little effort into progressing in stakes to date. I have also been actively working on masters degree, doing research in 2 labs, and have had several clinical jobs over the last 2 years so poker had taken a side seat in that regard. All that said I would assume I am in the top 5% in the games I play pretty easily just based on historical win rates etc and my fundamentals should be sound/advantageous in most stakes live nlh games. I have also heavily invested in training site/video review, hand review, and range review over the last several months (probably more off table work in the last 4-6 months than in the last 3-4 years) to prep for the coming summer.

Historical Live NLH Data

1-2nlh aprox ~8000+ hours ~$27/hr

1-3nlh aprox ~2400 hours ~$32/hr

2-5nlh < 500 hrs ~$17/hr (I don’t feel this is very reflective as I have genuinely run badly for stretches in this limited sample as well as having failed to make some initial adjustments)

5-10nlh (have played literally only 2 sessions ever at shorter than 6 hrs each, both winning though to not have results on hand)

Current YTD 2019 (volume low bc school and spent some time out of country traveling)





The Package

For this package I am going to be taking shots at larger games than I usually play by aggressively game selecting taking advantage of the much wider/softer availability during the WSOP. The primary focus will be attractive 5-10 nlh games substituting deeper 2-5 nlh games when necessary (if no appealing 5-10 to be found etc) and occasional low stakes plo when good games present themselves. This is most def an ambitious ‘shot taking’ venture in that I am wiling to put $10k into it which represents a very sizable % of my working bankroll and thus making me heavily invested in a productive outcome.

I am looking to sell 50% of my cash game action for $10k matching my $10k at no markup for a combined $20k shot roll of which net profits/losses (and initial investments) will be split on a simple 50-50 ratio at the conclusion of the predetermined package period. This would give us roughly 13 buyins at a $1500 avg buy in which I believe would be adequate to overcome a high degree of short term variance. The minimal I would need to sell and match to launch on this would be $7500 giving us a combined $15k or around 10 buy ins of $1500 which should still be sufficient for the purposes intended.

Pieces will therefore be sold at face value 1% = $100 5% = $500 10% = $1000 etc. no min.

If package goes it will fire on first day of WSOP (May 28th) and conclude on final day (July 16th)

Outlook

The goal of this package is to play 2-5+ live cash games up to the $5-10 level over the duration of the WSOP series here in Las Vegas. A tentative goal of 40 hrs/week will be assumed though with commute time/game selection 35 is likely more realistic. While I cannot account for short term variance and I have a lack of personal experience at this level during WSOP, I think a soft target/hypothetical of $50-70 hr is reasonable as a baseline with high potential upside/ceiling.

Accountability

Staking live cash is by its nature a more convoluted process than online (where direct monitoring can be possible) or tournaments where receipts can be verified. To be as transparent as possible in this package I will be posting live on Twitter the location and starting time of each session played as well as rebuys/hands of significance/stack size updates/session results. Will also run a rail thread in here with results at the conclusion of each day. While I will not publicly post table #s I will provide that info to investors via private message and I would encourage investors to check in as desired in person/via agent to monitor accuracy of reporting if desired. I can also assure any potential investors my mental game is essentially bulletproof (I don’t tilt baby! ) and I have no life leaks (pit games, alcohol, drugs etc).

Da Fine Print

*a moderate ROR (risk of ruin) is assumed in this package due to the unpredictable nature of short term variance

*I do not nor do I claim to have any significant sample of experience in these games though I am confident in having a profitable edge

*investors will be paid out initial investment +/- exactly 50% of net profits or losses at the conclusion of WSOP

*the minimal game size played will be 2-5nlh/1-2 plo with the max size game 5-10nlh. If we go on godmode heater larger shots possible with full consensus of investors only.

*I have no plans to play any tournaments this summer, in the case that I do it will be out of pocket but investors in this package will freeroll 1/2 their prospective %s as compensation for time infringement.

*payment for package must be received 48 hours prior to May 28th start date and may be in the form of PayPal, Venmo, CashAp, $ in person Las Vegas.

*profits from this package will not be subject to taxes of any kind.

That’s all I can think of for the time being. Once again would need to sell around $7500 to make this feasible. If it doesn’t go I’ll likely be in my usual games and the capped 2-5 so hope to see everyone around. Thanks for your consideration.








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Have enjoyed reading your thread. Worth a sweat. In for 5%.

Sounds good. In for 3%.

5% pls


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I have invested in Ryan multiple times, I have vouched for him and I have also played with him a couple times as an anonymous villain at the table.

I can confidently say that I’d proudly vouch for his integrity and skill at the tables. I would be an investor this time for up to 10% but full disclosure I’m expecting my first child (a boy) in early June and will barely find the time to focus on my own cash games at the WSOP.

Has Ryan cashed every tournament package I’ve put money into? No of course not. But he’s cashed enough that I would say this: if you see staking as an investment (albeit high risk) then Ryan is one of the safer investments you can make and I think he’s a better cash game investment than tournament. I’ve played cash with him and he’s a spot at the table that gives away very little and is always a nuisance when he’s in a hand with you.

This is the best sports analogy I can make: if there was a draft to pick which 2+2ers to stake, drafting Ryan would get the scouting report - mature and strong player, no clear weaknesses but no superstar traits. Will be productive at the pro level for a long time with his consistent play.

Thx for the props Nat congrats/commiseration (polarized!) on the baby making, hmu over series

I'll take 10%. I think this is a good idea to take advantage of cash games around WSOP. DM for PayPal info

reserve 10%

5-1-19 Update

Reserved


hapaboii 5% Reserved
AnyAce 3% Reserved
Smartluck 5% Reserved
offsite/LV 10% (hold)
iceman9870 10% Reserved
offsite/LV 25% (hold)
Ophidion 10% Reserved

38% Open



***I have given 2.5% of my portion w/good friend from South Fla who crushes the live mid stakes in super generous exchange (essentially free) for 30-60 min skype session review (and in person the weeks he is in town)each post poker session. This reflects no cost to investors but I believe adds nice value to package with the additional experience onboard.

I think not enough posts for DM on here, hmu on Twitter or IG @Wheydacheese

cool, messaged you on IG

Reserve 10%

When do you want payment?

Payment on this not due until May 25th


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5-6-19 Update
Package start date 5-28-19

Reserved

hapaboii 5% Reserved
AnyAce 3% Reserved
Smartluck 5% Reserved
offsite/LV 10% (hold)
iceman9870 10% Reserved
offsite/LV 25% (hold)
Ophidion 10% Reserved
McPyrosaur 10% Reserved
G.T. 1% Reserved

27% Open

I'll take another 2% (5% total)

Would 2.5% work? Understand if you don't want to deal with decimal points, just lmk

naw shouldn't be any problem, bring on da' decimals. thx



5-8-19 Update
Package start date 5-28-19

Reserved

hapaboii 5% Reserved
AnyAce 5% Reserved
Smartluck 5% Reserved
offsite/LV 10% (hold)
iceman9870 10% Reserved
offsite/LV 25% (hold)
Ophidion 10% Reserved
McPyrosaur 10% Reserved
G.T. 1% Reserved
Dfit55 2.5% Reserved
minijungh94 2.5% Reserved

20% Open

I'll take 5% please.

3% please

I'll take 5%

5-10-19 Update
Package start date 5-28-19

Reserved

hapaboii 5% Reserved
AnyAce 5% Reserved
Smartluck 5% Reserved
offsite/LV 10% (hold)
iceman9870 10% Reserved
Ophidion 10% Reserved
McPyrosaur 10% Reserved
G.T. 5% Reserved
Dfit55 10.5% Reserved
minijungh94 2.5% Reserved
oscark 5% Reserved
jlsoul1 3% Reserved
Triptanes 5% Reserved

16% OPEN

Def enough interest that will be firing at this point but will of course try to wrap out the remaining % as higher co-leverage benefits us all. Will take waitlist if all sells in case anyone un-res etc. Pushing some cardio and dietary/sleep cycle tweeks on my end to see if we cant profitably up the projected weekly hours and starting skype sessions with coach next Fri. Thx all for interest, pumped to stream(twitter live/rail thread post-sessions) this grind for crazy hours this summer and see what kinda manies we can book.

Am I lost or are the %s here wrong? Shouldn’t 10% of this package cost 2000? Not 1000 as listed? As listed they only have action on 10k of the pkg. wouldn’t you sell it at 2000 per 10% and then distribute the pkg evenly at the end based on its ending value? With you owning 50% and investors owning the other pieces?

It’s essentially the same thing, though in retrospect that would be a viable/potentially clearer option so I’ll try to clarify. In this case 10% = 10% of the action being sold/investor owned half of action (up to $10k max) with me leveraging an equal investment (up to $10k) and profits being equally split 50/50 prior to % distribution along with initial investment amounts being returned fully (assuming profitability).

Your question does parlay into something I need to touch on more than explained in original post; since as indicated I will run package at a minimum of $7500 sold but in such a case I will be matching $7500(or whatever that sub-10k amount may be) not $13k, $1000 won’t truly equal 10%, that investors % will actually need to be adjusted. The variable range I felt was in best interest of investors and myself as 1)I did not want to exceed 50% exposure on package and 2)I did not want investor’s returns to be below 50% of profit.

To simplify the %s issue if package goes at lesser than fully sold, %s will be adjusted accordingly and posted in thread for verification prior to play. For example if $8000 sold for a combined $16k, a persons initial 5% investment would in fact represent 6.25%.


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This isn’t making sense since you sold 100% off the 10k so really 10% is actually 5% of your profits. Since say you end up making 5k at the end. I get 10% of the 2.5k or $250 which is actually 5% of your total profits. Am I understanding that correctly?