sick brag

it'd be nice to have a 7 figure score to fall back on.

Your 100% right Sketchy, not played enought live tournaments to give myself that reading.

I know that when I play live I can only concentrate on poker as where im playing online theres the tv in the background, the mrs harping on about something in one ear, do as you likeys (pikeys) outside causing chaos nicking car radios and the cat being chased by the local pitbull!

I havnt played much live but managed to win a 500 buck tourny at the bellagio when i was out in Vegas and done ok at the Gutshot in my home town of London.

Playing my 1st semi big buy at the main event in Newcastle for the GUPT and praying I can take it down! One time please!!!!!

Guess Im not sure how baller everyone is but most of the time I think you would have a higher makeup because your backer will keep putting you in the same stakes, but if you hit a downswing yourself you're gonna have to cut some of the bigger stuff out of your schedule till you bink something since your roll isnt "unlimited"

I moved too and I do think that once you get to the "decent" cashgame level it's pretty tough to rise into the higher stakes nowadays. It's just too easy to be decent so you really have to put in volume, not tilt, table select well, and keep improving constantly to make decent money

Moving to MTTs the volume and not tilting parts are still important, but when you get to that same "decent" level I believe I'm at now you're +EV in almost everything and probably better than a lot of guys who've had good results and made a lot more money than your average "decent" SSNL grinder

Plus maybe I'm a sick human being but I find MTTs a lot more fun...it's cool being better than most people you play instead of like 3 guys essentially equal to you, 1 reg who is a little worse and one fish. Obviously if I could take all the MTT players and play them all in cash for hours without them leaving that would be great but most fish would rather lose it 1 mtt at a time.
Also I'm sure if I could play cash for 10 hours a day, 5 days a week I would make more even if a lot of it was just rakeback but I can't sit there for so long and play cash and play my A game and not get bored. I can grind it out in MTTs though

This is possibly true, but it's a reason to be backed. If you are actually +EV in the higher-stakes tourneys, then having to drop down is a disaster from an EV perspective -- you need enough to continue to play at the same stakes through downswings, and that's one of the things backing provides for people.

FYP slightly and it is statements like this that, while true, make life scarey if you are on your own roll...

I 100% agree but the debt load is crazy and it is almost impossible for someone to pay back that kind of money and expect to also eat/pay bills etc why. Do you backers spread the losses when they get up that high with certain players..meaning you may sell off some action to another backer yourself?

idk man i really think you are underestimating how much variance is involved in mtt's and moreso the timing in your poker career of the experience of the upside of variance.

*i know you play mtt's for a living and i know you have a good concept of the variance/sickness of them, however, the longterm is really, really, really long (yes that long) so some winners for 6 months, aren't winners. some losers for 6 months, aren't losers. there is a reason people fall off and on the map so often in mtt's.

Yeah, Seabeast, drop a few hundred K in live events (which you will do at some point no matter how good you are) and then let us know what you think.

serious question what is makeup. ive never been in a staking agreement (been staked a few times for single tourneys/staked other people) so i dont know. is it when the horse loses a bunch of money then is expected to make it all back before the staking deal is over?

Yeah it's a terrible way to make a living, both of you should stay away.

I would think most people with results good enough to get backed (should) have at least enough to live for like 6 months saved up if not more, once they can withdraw their own roll from the accounts

Let me know when you come up with something that's not a terrible way to make a living.

makeup = total of your buyins that will be paid back before profit is shared

not speaking for any of the backing groups, BUT, i have always been in the camp of if you decide to back someone as full-time MTT pro who doesn't have any 'life-money' (prolly 4-6 mo's expenses in savings) you have to find a way to pay them monthly regardless of results. otherwise your horse is going to either be forced to quit you while in makeup and get a real job or scam/cheat you out of money and/or equity in a tourney. something like paying out the horse $1k (or $500, idk w/e the living expenses are) every two weeks and then adding $2k (or $1k for a $500 payout) to makeup.

this also keeps your horse from wasting time/energy/focus playing cash games for himself when he could be grinding for you.

this, to me, is CLEARLY the most PLUS EV way for you (the backer) to manage your investment (the horse). but, not everyone that backs has a good business sense.

There definitely is a major conflict between the backer and the horse if the horse is deep in makeup in tourneys but has his own action in cash/SNGs/whatever.

Yeah I think SEABEAST is too harsh in this thread. Almost all of the people who have 6 figures of makeup from HSMTTs are obviously solid winning tournament players at some level.

Now, if you play on your own roll, there's obviously a risk that you'll have to move down from time to time. But the flip side is, if you get backed, you have to give away half your profits in the $50 and $100 tournaments that you wouldn't even need backing to play. Which of these is worse, depends on a lot of stuff, like how good you are at MTTs, how good you are at grinding, and what your personal financial situation is. But, I strongly believe 95% of MTT players would be better off on their own.

I think the problem isn't that people aren't actually winning players like SEABEAST said, it's that when people have a blank check to play whatever buy-ins they want, they think that being backed means BR management somehow doesn't apply to them. This is how people end up stuck 6 figures in makeup for months or even years.

i got the same response when i told my mom,

but seriously what is this makeup u guys all talk about?

most of the comments about me in this thread are 100% wrong besides what geoff said

i def agree with this, BUT, that is 100% the responsibility of the backer and not the player imo. this is why the most successful backing groups are not only the best talent scouts but also the BEST MANAGERS.

everytime a backer complains about horses being in x amnt when they literally have no business playing events that can lead to being in x amnt i just laugh at them.

are there any other comments about you?

lol i wondered the same thing

Would be able to sell action in 10Ks, low self esteem.

lofl

People need to get some of this imo: