Oh yea, I realize this isnt what the initial debate is about, but it is a variable you guys havnt given too much consideration when discussing the stress of being backed vs not being backed. When you couple the financial stress of being deep in makeup with this emotional stress the whole situation can feel very depressing.

Just trying to use my sociology degree for something useful, you guys

Really nice/smart post C!. Respect.

How do i fail? You don't read properly...

Corders is right and I agree with him.

I'm never arguing that my posts are the correct way to do it. I argue that that current state of the majority of people playing backed is bad for there own good and they create stress by not having good money management.

Playing backed isn't the factor that causes the stress (besides the emotional friendship factor that 'Cyluscylus' (v.nice post) talks about). It's the weak money management and mental approach/reason the be/play backed.

I, for one, am shocked to learn of a human emotional response that defies logic. Shocked, I say!!

I'm actually backed by imawhale and have been since late July and it's by far the best thing for me at this point. I was much more stressed out trying to play on my own. I play mid-stakes MTTs to start with and dropping down 1K meant dropping down $10 on my ABI and when already playing mid-stakes MTTs this just seems to make it even more impossible to recoup my losses and move back up to an ABI with decent top 3 payouts. It felt like a vicious circle.

Being backed is so much less stressful. Yes I feel bad when I have a bad set and have those feelings of letting my backers down etc. but I deal with them. My backers know what they're doing and they understand variance and they know the difference in a horse who's running bad and one who's just not good enough to make it worth continuing with.

It would stress me out something terrible to be thousands in MU in a traditional backing deal and that's why I went with imawhale. They take a bigger cut but MU resets after each set of 300 games. If you do the math in most cases over a few thousand games you'll end up making about the same or only a slight amount less due to not having to dig your way out of so much MU at times.

What I like best is they are a great team to work with and I don't have to worry about dropping down if I'm on a downswing. I just get to play and not worry about those things.

I totally disagree that people get backed because they're bad at managing their finances or whatever was said earlier in this thread. That's not why I chose to go with a backer at all.

I didn't used to understand why winning players choose to be staked until I hit a couple of nasty downswings then it all made sense.

As to the topic of this thread my biggest downswing has only been about 6K which is nothing compared to some of you guys but for me as a mid-stakes MTT player it was pretty awful.

One thing I've learned is not to blame it all on runbad, it's usually not. At least in my case while it was probably a higher percentage of runbad there were a lot of other factors involved. The more I lost the worse my attitude became and the more I leaked due to having a bad mindset when playing, again a vicious circle, I'm trying to review more and identify leaks and plug them instead of blaming all my losses on runbad and I'm running better now so of course that helps too, or maybe I'm just playing better.

Okay well maybe I did misread your posts. I was under the impression that you were saying playing backed is fundamentally more stressful than not, which is what I disagree with. If you weren't then I apologise.

^^This is what you said that I disagree with. Just because someone chooses to be staked doesn't mean they can't manage their own money or their own bankroll if they played on their own. I'm just not sure where you get this line of thinking.

Yea ok we get it, backing is awesome.

google the meaning of most often and the words majority.. Obviously there are people who do it well and manage it good. But afaik, most people i speak to (including me when i started out playing backed) get backed because they simply dont have enough bankroll to play on there own and then don't manage there money well.

Okay, I agree many don't manage their money well. I just want to be sirswish when I grow up.

I feel like the more people know about downswings the more likely they are to experience one. People talk about downswings like they are an illness or a sickness and something that you will naturally recover from. This is NOT the case. There is no guarantee that you will ever start winning again (though you probably will.) You have to continually work on your game and assess where your edge is coming from. Then it takes confidence in that edge and optimism that you will start winning again soon.

It is my opinion that being backed definitely helps with this mindset but not everybody shares that opinion.

For me, giving away 50% of my potential profit is way more stressful than losing my own money at times.

Backing will certainly reduce variance in the long run

I dont think you understand what "long run" means.

Backing reduces short term variance and decreases long term profits.

Being backed doesn't really reduce short term variance in your actual games (in most cases it probably increases it because people are encouraged to play games they have smaller edges in), it just takes your personal monetary variance and reduces it completely to 0.

Cliffs I got from this thread, which isn't surprising, is most mtt'ers are morons and most people get backed for really the wrong reasons. I got backed because I was basically incapable of not degenning a large portion of my online money away doing stupid **** and I was a mental wreck/heavily abusing alcohol when I played on my own dime. I still should have just seen a psychologist or something and it would have been more +$ev though.

I've been backed and unbacked. and playing on your own is IMO better depending on your situation and backer ofc.

Glory hunters gunna hunt

I don't have much to contribute except for ironically pointing out that the above post contributes absolutely nothing. You pretty much just said "Crunchy peanut butter is better than smooth, but it depends what you're eating it with, of course."

not sure if serious

it reduces personal short term variance. obv

"Some people say cucumber tastes better pickled"

<insert Dave Chapelle>

backed with a 100k roll is so embarrassing

embarrassingly stupid statement

fixed

You're gonna have to elaborate, sir.