donk on a heater

yeah dude all the winners never get high makeup cause they are winners

LOL..

you clearly don't understand a thing about poker/make-up.

A big part of playing backed is in order to play higher stakes/variance games and not spend your own money. You do need an edge in those games but in games where 99% of the field is somehow competent it can take a long long time before your true ROI/EV will come out.

A winning 100r player, with a good edge, could play a 100r for a year and NEVER win it in a year time and be down huge in makeup.

This topic is (i didn't read everything, only last two pages since my post) also for a mental motivation and share experiences with others who are deep in makeup. It can be very demotivating to be down in makeup for a long time.

As sketchy says, it's easy to blame it on simple variance and most ppl don't study/work hard enough on there game. Talking to other people about poker, variance and every other aspect you can think of is super important to help out your game and bring it to the next level.

How big is variance at the moment? It's huge.. When people are raise/shoving with A4s UTG with 30BBs or moorman's 6bet shove A6o and Jymasters 5bet induce AQ over 100BBs deep, variance becomes HUGE.......

So being down 100K if you play 1Ks 100rs doens't mean u suck or can't play poker.. It just means it could be you or it could be variance.. it's up to you (the player) to judge

Why not just not play the 100r if this is the case?

good post

???????

At some point the variance can outweigh the benefit of playing, even if you have an edge. If the worst case scenario is bad enough and is going to happen often enough (which assuming it could be calculated, bad enough and often enough would be determined by the particular player's preferences/risk aversion profile), then for a lot of people it's not worth it.

Flipping for your net worth with a 5% edge is +$EV, but that doesn't mean it's a good idea.

I figured that's what you were getting at. Thanks for elaborating anyway. It seems like it would be very difficult to apply in most scenarios involving MTTs, since ROI in X tournament is very hard to calculate. People get backed to play the bigger stuff where they probably overestimate their ROI.

I think it suck worse. Let's say ur a midstakes guy who has an abi of $40. You've ran up 4k makeup I assume this would be considered not a whole mess of makeup. For me I'd have to win 8k to pay my bills (assuming 2k pays my bills) for that month(assuming I started getting into MU at the beginning of the month). Whereas unbacked all I have to do is make 6k. Seems like a bigger hole we gotta get ourselves out of.

^^ This

Who paid the bills for the last 2 months!?

Yeah, I do agree with what you're saying but I suppose like many itt I was saying what personally works for me. I have enough to pay the bills and live the way I want to and I enjoy having an amount of money in the bank that isn't going to fluctuate with poker swings. I play higher backed than I realistically could without backing so your point doesn't apply to me so much since my $ev is actually (probably/ I hope) higher under my staking deal than on my own action.

But for the vast majority of people you are right... good point.

Im pretty much in the dark, about backing.
But it seems to me, from what I understand, the backer is taking almost all the risk.
Say I want to stake someone in $40-$60 MTTs to the tune of $10,000 with a 50% cut, and just as an example, they blow the lot with no returns.
If I say, no more Im finished, is that $10,000 a write off?
I suppose the number 1 priority, is picking the right horse, no?

the number one priority is not having only 10k for a $40-$60 MTT horse..

I just can't understand this part of the argument. I'm sure it has a lot to do with being older than the average MTTer but "being a bum isn't so bad as long as you're enjoying it" just doesn't ring true for me. The point of playing MTTs seriously is making money, hopefully MORE money than you would make in normal life to offset
a) the extreme variance you endure compared to salaried work
b) the limited long-term time horizon of online poker compared to other careers/job opportunities
c) the opportunities you pass up because poker is such a time-suck

I guess I get the argument that backing is a form of tilt control (basically it's a form of variance smoothing which helps with tilt control), but I'd rather just play cash and have all my action in MTTs. Sure if I was going to play some massive live event I wouldn't take all my own action but I will never understand people being backed to play $20 rebuys.

way late intot he thread but I really like this post. Agree 100%

yup

Being a backer is a great, but stressful job if done big/correctly.. if the backer has enough funds and is knowing how to pick his horses well, he basically can't loose... It's just a matter of time and controlling the games he puts his horses in.

lol being a backer* is terrible and running a stable is even worse

*unless you are timex or yev

This thread is sad because when I first posted I was on my own and crushing now I'm backed and sucking. Just got into the 5 figures for the first time FML

everyones talking about stealths makeup but that wasnt mtts, ill bet there are alot of cash players in absurd mu

so the only person that was EVER stuck more than sketchy was an mtt degen playing rail heaven w $ that couldnt be withdrawn anyway?

Oh nos! Doubt u'll ever get out lol But being on your own and down 25k with 100k online, doesn't feel worse than being 25k in MU and like 15k in the bank or something....to me anyway.

Cash is my main game and AFAIK backing is way, way less common in cash. I don't know a single midstakes+ cash game player who is backed to play cash, though some of them are for live MTTs. Compare that to probably half the field (?) of a Stars 109 rebuy being backed (most by the same 10 people).

People sell off action sometimes in cash but straight up backing is very very uncommon.