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Is this a good deal? Is this a good deal?

08-04-2019 , 09:31 AM
I've been a live 1/2 player for the last two and a half years. I was looking forward to taking a shot at 2/5. While I'm not "properly" rolled for 2/5, I definitely have enough to shot take.

However, I was offered a deal where someone buys 20% of my action, gets 20% of the profits, but there's zero makeup at all. Is this a good deal?
Is this a good deal? Quote
08-04-2019 , 09:48 AM
Quote:
Originally Posted by sixsevenoff
I've been a live 1/2 player for the last two and a half years. I was looking forward to taking a shot at 2/5. While I'm not "properly" rolled for 2/5, I definitely have enough to shot take.



However, I was offered a deal where someone buys 20% of my action, gets 20% of the profits, but there's zero makeup at all. Is this a good deal?


On paper yes.

In general I would not involve myself in these types of arrangements for a multitude of reasons.

On consideration is that your 2/5 win rate may not be high enough to offset the staking arrangement.

What’s your 1/2 win rate and over how many hours? What is the rake in both games?

What is your current bankroll?
Is this a good deal? Quote
08-04-2019 , 09:59 AM
Quote:
Originally Posted by de4df1sh
On paper yes.

In general I would not involve myself in these types of arrangements for a multitude of reasons.

On consideration is that your 2/5 win rate may not be high enough to offset the staking arrangement.

What’s your 1/2 win rate and over how many hours? What is the rake in both games?

What is your current bankroll?
$17.30 over 1720 hours. The rake in the 1/2 game is 10% up to $6, and I'm pretty sure the 2/5 game has the same exact set up, but I could be wrong.

Current bankroll due to spending is $12,530.
Is this a good deal? Quote
08-04-2019 , 10:07 AM
Quote:
Originally Posted by sixsevenoff
$17.30 over 1720 hours. The rake in the 1/2 game is 10% up to $6, and I'm pretty sure the 2/5 game has the same exact set up, but I could be wrong.



Current bankroll due to spending is $12,530.


You are probably bust proof at 1/2 at this point assuming you have a job and/or life expenses tucked away somewhere. My guess is that if you are being this conservative you are playing full time.

I would much prefer ear marking about 2500 and shot ting 2/5 with that. This way you have 5500bbs. I might do something like play 20% at 2/5 and 80% at 1/2 and slowly slide into more 2/5 frequency as the bankroll grows
Is this a good deal? Quote
08-04-2019 , 10:31 AM
Quote:
Originally Posted by de4df1sh
You are probably bust proof at 1/2 at this point assuming you have a job and/or life expenses tucked away somewhere. My guess is that if you are being this conservative you are playing full time.

I would much prefer ear marking about 2500 and shot ting 2/5 with that. This way you have 5500bbs. I might do something like play 20% at 2/5 and 80% at 1/2 and slowly slide into more 2/5 frequency as the bankroll grows
Uni student, but I have a job. I play pretty close to full time on break, but only 15-25 hours a week when school is in session.

That doesn't sound like a bad idea. What do you think though of playing 80% 1/2, then doing the 20% at 2/5 with the stake? Or do you think that's a bad idea?
Is this a good deal? Quote
08-04-2019 , 10:56 AM
Quote:
Originally Posted by sixsevenoff
Uni student, but I have a job. I play pretty close to full time on break, but only 15-25 hours a week when school is in session.

That doesn't sound like a bad idea. What do you think though of playing 80% 1/2, then doing the 20% at 2/5 with the stake? Or do you think that's a bad idea?
I think that a stake is usually used to mitigate some risk. With your stats and bankroll, I think there is very little risk involved in playing 20% 2/5 during primetime hours or maybe for 30 minutes to an hour if you are waiting for a 1/2 seat.

I would personally prefer to own all of my own action unless it is a very high-risk high reward situation like a drunk sultan making it rain pumpkins at a 10/25. Based on what you told me, I don't think playing 2/5 on a Friday or Saturday night for a few hours meets these qualifications.

Of course, this all comes down to personal preference. The concern I would have is that your 2/5 winrate -20% may not actually be all much better than your current 2/5 winrate.

How many hours do you currently have logged at 2/5 and what is your 2/5 winrate?
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08-04-2019 , 11:00 AM
I think the worst-case scenario is that you take $2500 to the felt at 2/5 which just means you have 5000bbs at 1/2 where you are arguably immortal and should be able to rebuild quickly. Sure, it might be a bit of a setback but that's how moving up stakes works sometimes.
Is this a good deal? Quote
08-04-2019 , 11:37 AM
Quote:
Originally Posted by de4df1sh
I think that a stake is usually used to mitigate some risk. With your stats and bankroll, I think there is very little risk involved in playing 20% 2/5 during primetime hours or maybe for 30 minutes to an hour if you are waiting for a 1/2 seat.

I would personally prefer to own all of my own action unless it is a very high-risk high reward situation like a drunk sultan making it rain pumpkins at a 10/25. Based on what you told me, I don't think playing 2/5 on a Friday or Saturday night for a few hours meets these qualifications.

Of course, this all comes down to personal preference. The concern I would have is that your 2/5 winrate -20% may not actually be all much better than your current 2/5 winrate.

How many hours do you currently have logged at 2/5 and what is your 2/5 winrate?
I appreciate all of the feedback. I actually have not played one hand of 2/5 yet.
Is this a good deal? Quote
08-04-2019 , 02:35 PM
Quote:
Originally Posted by sixsevenoff
I appreciate all of the feedback. I actually have not played one hand of 2/5 yet.


I would encourage you to put in a few sessions of 2/5 before making a decision.

It’ll probably be a little scary at first but eventually you’ll get used to the dollar amounts In play and realize it’s typically not THAT much tougher than 1/2
Is this a good deal? Quote
08-04-2019 , 03:35 PM
Quote:
Originally Posted by de4df1sh
I would encourage you to put in a few sessions of 2/5 before making a decision.

It’ll probably be a little scary at first but eventually you’ll get used to the dollar amounts In play and realize it’s typically not THAT much tougher than 1/2

best advice here imo ^
gl to you OP hopefully you do.

if you see the table has large stacks (200bb +) consider leaving or either playing extremely tight to see the differences.
Is this a good deal? Quote
08-04-2019 , 06:21 PM
No. If they were to buy 100% of your action you would be playing for free, which would be a waste of your time. A better deal would be they put up 20% of the money, and they get 20% of any losses, and 15% of any wins.
Is this a good deal? Quote
08-04-2019 , 08:38 PM
Quote:
Originally Posted by PokerPlayingGamble
No. If they were to buy 100% of your action you would be playing for free, which would be a waste of your time. A better deal would be they put up 20% of the money, and they get 20% of any losses, and 15% of any wins.


No makeup a huge tho
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08-04-2019 , 10:34 PM
I mean if u can back out any time u want then just use it for like 2 sessions and drop it if u don’t want it seems like a fine way to ease into 2/5 imo
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08-05-2019 , 12:44 AM
Quote:
Originally Posted by de4df1sh
No makeup a huge tho
How would make-up work in a situation like this???

The guy is not staking the player, he is buying a piece of his action.

There is literally no up or downside to this (other than potential issues with someone not paying, etc.). You are simply selling 20% of your losses for 20% of your wins.

If you are plus EV in the game, you are of course giving up some money.
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08-05-2019 , 08:42 AM
Quote:
Originally Posted by Jmrode67
How would make-up work in a situation like this???



The guy is not staking the player, he is buying a piece of his action.



There is literally no up or downside to this (other than potential issues with someone not paying, etc.). You are simply selling 20% of your losses for 20% of your wins.



If you are plus EV in the game, you are of course giving up some money.


I guess the idea is that it would minimize the downside and make it a little smoother. Psychology factors I guess
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08-06-2019 , 12:14 PM
The advantage is that it essentially allows you to play 2/4 instead of 2/5, but assuming you are a winning player then a fair price splits your winningness. Of course if you are a losing player then selling 20% of your action is beneficial because you now lose less. In this situation, where this is no price charged on the action, it wouldn't make sense to have makeup.
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08-11-2019 , 07:51 PM
What these two said is great advice imo. playing some 2/5 on your own personal dime to test the waters would be a good step forwards, ime good way to take live shots is just to get the money set aside for its purpose and play ur normal game, waiting for great 2/5 games to happen naturally. You want to max ur adv, not just start cold on any old 500 game on a Wednesday night etc

The model of shot taking I really belive is this: protect your mothership role, and use it for slow/consistent growth, and take a ‘shot tax’ out of your profits, and create a smaller, separate roll for big risk/volatility in shot taking
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