$70

i really need to take down the 750k...congrats

I'm pretty certain that people that win majors are illusions untill I meet someone in real life that actually took one down. Sick score and sick thread. I've always been hesitant to get backed because I'd hate playing for 10K if I knew I'd only get 1/2 of it and I'm confident in my ability to win $. Unfortunately after playing for 2 years I haven't crushed it like I expected but I'd still rather be playing on my own dime despite 35 K donwswongs. It builds character.

didnt u win the brawl or somthing?

no, 4th place in ftops is my bigger score for 47 k but even after making a good amount the past 2 years after taxes and living in the city my roll is no where I'd want it to be since I'm doing this full time. I've debated often about getting backed but I don't see many advantages if you're able to deal with the downswings and move down if you go on a bad streak.

Oh for soem reason I thought u won something big. Ya even hitting a big score like that ur roll can get hurt, its sick. Just shows how imprtant volume is and how imprtant it is to always keep grinding. The dude abides.

ye. true but some ppl got problems or kinda irl and didnt bust in the grind. so the remaining option is to get staked to continue the grind. not talking about ballin at 1ks and 100rs. just for pure grind

im interested in selling some makeup, 2 horses (hsmtt regs, you certainly know of them) with about 100k total

Obviously willing to mark it down a bit. I was also thinking of a deal where I get half up front and half when they clear it. This would show that I have faith in them and am not cutting them do to ability, but just I can't afford to keep putting 6 people in scoop/liveaments (and myself! i cant seem to cash any big tournies) etc.

im not entirely sure who I should contact for this, but I guess if youd be interested or know who I should be contacting lemme know. also if you have experience with this, id appreciate it.

Did you try posting this in the MarketPlace/Staking Section?

How can I get a backer? I have been playing poker for a long time and I know that I can do really well in tournaments. I have no makeup obv if anyone is interested.

i was under the impression it was mostly bustos

also was thinking id avoid posting the details on 2p2 its really not most of their business (obviously would respond to pms/aim from reputable people tho)

Either here 2+2 Staking Thread

or one of the many other reputable staking sites/threads.

I just want to thank everybody who contributed to this thread, particularly those with lots of experience backing and being backed, who added their extensive opinions.

As a player who has had success at low and medium buy-in non-HE tourneys, I started entertaining the idea of finding a backer to play some of the higher buy-in non-HE events, FTOPS, WCOOP, etc. as my bankroll isn't quite there yet. I found this thread in the search and read through the entire thing. It was very eye-opening and a fantastic read.

$600, 2 weeks

Great thread, lots of great info about backing. One question: why don't backers transfer only T$ (on Stars at least) to their horses?

1. Easier to track
2. Horses can't cash out until they start making some money.
3. Horses are forced to play tournaments and can't piss off the money in cash like Sheets mentioned.

One loop hole is that they can transfer T$ to some other account, but that could be done with real money any way.

its incredibly easier to turn T$ into real money, and sending out large amounts of T$ would be a pain in the ass

probably best thread i ve ever read...

Question for all the mtt regs who are backed...

Lets say you had to start from scratch as of now with a roll of $500

Would you grind it out yourself,starting with like the 45's 90's and 180's and go it alone

Or would you take backing on a 50/50 w/mu deal which would enable you to begin playing mtt's with $20 or less buy-in immediately.

If you were to go the backed route,would it be for the long-term or would you have a figure in mind that once your own roll had reached it,you would then look to go it alone,and what would that figure roughly be?

grind it out yourself, play all day everyday until it turns into 100k or more

This thread makes me hates the hole staking idea more and more seems insanely complicated and not worth it

Specific Instructions for Form 5754





Use Form 5754, Statement by Person(s) Receiving Gambling Winnings, only to prepare Form W-2G when the person receiving gambling winnings subject to reporting or withholding is not the actual winner or is a member of a group of two or more people sharing the winnings, such as by sharing the same winning ticket. The payer is required to file Forms W-2G based on Form 5754.
The person receiving the winnings must furnish all the information required by Form 5754. However, a recipient of winnings from a state-conducted lottery need not provide identification other than his or her taxpayer identification number (TIN).
Part I lists the identification of the person to whom the winnings are paid, and Part II lists the actual winners, their respective shares of the winnings, and any additional winnings from identical wagers.
In Part II, the person receiving the winnings must provide the name, address, TIN, respective share of the winnings, and additional winnings from identical wagers for each of the winners. In addition, if regular gambling withholding is required, the form must be signed, under penalties of perjury, and dated by the person receiving the winnings.
The form must be returned to the payer for preparation of Form W-2G for each of the persons listed as winners. Forms W-2G may be issued immediately or by January 31 following the year of the payment.
Do not send Form 5754 to the IRS. Keep it for your records.
Withholding and Forms W-2G for Multiple Winners





If more than one person shares in the winnings from a single wager, the total amount of the winnings (less the amount wagered) will determine the amount of the proceeds for purposes of reporting and withholding. Do not allocate winnings to each winner before determining whether the withholding or reporting thresholds were reached.
For example, E purchases a sweepstakes ticket for $1 on behalf of himself and S, who contributes an equal amount of the ticket price and who will share equally in any winnings. The ticket wins $5,002. Because the winnings ($5,002 - $1 = $5,001) are more than $5,000, you must withhold 25% of $5,001. You must prepare a separate Form W-2G for E and for S using the information furnished to you on Form 5754.

25k


4-5months

i am backed, i will be backed until january 1st 2011. i have played 5500 of my 6500 games played backed and plan on playing at least 20k games more backed. best decision of my life no matter how i do. as without backing the ppl i have won 4 wouldn't have won that $$ and i would never have been able to play.

^ cool story

bro