Quote:
Originally Posted by PaulyJames200x
I quite curious about this if anything in the article is said is true.
So this guy apparently makes 400-800k a year. How much of that profit comes from his horses? What i don't get is im going to assume those few horses of his that live in the same condo/apartment profit. So each of them give 1/2 their winnings to him. Can someone explain this? If they profit, why do they have to give half? Is that guy supplying them each with a bankroll to play? Coaching?
That literally makes no sense at all since they are living in the same house. Its not like okay... he backs the guy etc. So he essentially is taking zero risk here?
I met one of his early horses and a couple previous horses frequented other forums on 2+2.
He tends to pick up under rolled 1/2 or 1/3 players that he thinks have potential. He does give them coaching specific to beating live 2/5 games. I've heard he's actually good at it.
Yes he stakes them and they settle op stakes every 2 weeks or something.
The horses that share the crash pad obv pay a fairly low rent so they can get by on winning 7bb/hr and splitting it.
So the horse gets coaching, gets to move up stakes, gets to hang with a group of likeminded players without having to put together a roll. For certain young guys grinding 1/2 or 1/3 that want to go pro but don't have the means to get a 2/5 roll together and are unsure of their skill it's an attractive situation.
Obv most Will still struggle to put a sufficient roll together to go independent kicking half their profit back. They will realize there traded the rake trap of the lowest stakes for the stake trap. The one horse I know of who left did so with about 20k after maybe 2 years.
I believe his best horses that actually move up to 5/T+ are offered a 2/3 split as incentive to stay on board longer.
I suspect his earnings claims are a bit exaggerated.
If he had 6 horses earning 7bb/hr for 1800 hrs X 50% that's 189k.
If he personally averaged 125/hr over 1200 hrs of 5T+ that's 150k
If you add in his main event score of like 250k that's 589k which is close to 600k and what the hell +/- 200k sounds reasonable.
As for the article, it sure would seem like bad business. My guess it's self promotion to advertise for new horses. I also recall after the 2015 main event coverage there was brief mention of some sort of reality show. So maybe he still is pursuing something like that. But that's just speculation on my part. Maybe just ego too.
Tldr; yeah mostly legit but likely exaggerated.
Last edited by cAmmAndo; 01-05-2017 at 10:33 PM.