Posts Tagged ‘backers’

June 26, 2008

Gonzo Spot-News, Play-by-Play, and Color Commentary All Wrapped up in One

Not that we need to do extra pimping for Pauly here on Pokerati, but really, this $50k HORSE event is the one tournament that he theoretically could be providing better up-to-the-hour coverage than PokerNews. The event itself is exciting, of course, and it’s happening right below the press-box, so he can keep an eye on it without being on the floor. Now mix in the fact that there really aren’t that many tables … and presto, you’ve got something a single dude who has been preparing for this one event for months can cover old school — like it’s 2005 — with the skills and wisdom gained from three years of covering tourneys around the world. I mean he can’t keep up with the chip-for-chip hand stuff — and really, how pathetic are any the tens of thousands of you who really care about the finer details of an 8-or-better hand that may or may not be reported in full anyhow — but what Pauly can do that the frontline reporters can’t is see the poker forest through the $50,000 trees. Being hopped up on pharmies while observing from his slightly elevated press-box perch can lead to some interesting perspective(s) … add three weeks worth of repressed violence yet unleashed on fellow WSOPers, a general disregard for the opinions of anyone who doesn’t read his shit, and a little inspirational spark from the recent arrival of Otis, and I think and you’ve got a winner. My best move yet was hooking him up with a piece of the Donkey Bomber, because now , with all my hopes and dreams invested in 1 percent of Tom, I’ve guaranteed my ability to follow my horse in the HORSE start to finish. Seriously, with the hours the dude puts in, he must be on something …

Don’t get me wrong, I’ll be following more detailed chip updates here and maybe even on PokerNews where I can chime in on their nifty Shoutbox. Heck, I might even pop in on the action myself on occasion … and California Jen can’t help but give you a few updates and a little extra insight while doing her real WSOP work … but in the interim, just thought Pokerati readers should know that even when sitting right next to Pauly I’ll probably be looking over his shoulder to see what’s really going on.

Posted by DanM at 3:51 am

June 9, 2008

Tao of Pokerati: Episode 3

I didn’t get to the Rio until way late yesterday — like 11:30 pm — so you’re getting yesterday’s episode today … which seems strangely appropriate considering in this episode Dr. Pauly and I are watching Vinny Vinh and his ever-encouraging railbirds at and around the final table in the $1,500 limit event from the Milwaukee’s Best Light No-Limit Lounge.

Episode 3: Milwaukee’s Best Vinny

Posted by DanM at 9:53 am

June 1, 2008

Going for Broke

photo: Jackie Endsley
Putting your last dollar toward a bad-beat jackpot may not have been the best career strategy for this guy.

Audio

I got a call yesterday at the WSOP from the Butler. I haven’t seen the guy for a couple months — not since me and my jiu-jitsu coach and heavy metal teacher got booted out of our sweet pad (pool table, poker table, dart board, 65-inch HDTV, Strip-view bedroom, fireplace/jacuzzi bathroom, no utilities) on the Eastside. We of course knew all was headed south when the Butler — the guy who set the whole housing arrangement up — walked into our casa unannounced to do a cocaine deal, and shortly thereafter got busted by The Boss (who owned the house, in theory, though not on paper) for stealing rent money.

(I met the Butler last year at the WSOP, as he was trying to sell his private concierge services to poker players and convince me to turn him into a recurring character on Pokerati.)

Anyhow, so I got a call from an unknown 973 number yesterday that I answered in the press box. “Hey, Dan, it’s John. Are you at the Series? How’s it going?”

“Um, uh, pretty good? We’re just getting rolling … so what’s up? Did you make it to Kansas City?”

“Yeah, and it’s not good. I’m calling because I need a stake.”

“Yeow, dude … can’t help you out. Wouldn’t know how to get you money if I could.”

“Western Union.”

“Sorry, man Have you tried Tom? His number is 602-97… .”

More…

Posted by DanM at 7:12 am

May 20, 2008

All aboard the K-Train. Woo-woo!

…Okay, that title may be the single gayest line I’ve ever typed. My bad. I’m draining Dos Equis and blogging via Hooters WiFi.

I’m about to fire off an email to friends, family, etc., inviting them to take a piece of me in a second $1,500 NLHE Event, which I wasn’t originally planning on playing. I’m actually interested to hear your opinions on how I’m handling the two-event split and the Main Event equity parlay.

Check out the details at my super-new personal blog (blog.karridy.com), and let me know if you think I’m drawing dead.

ALT HED: For sale: BackerTracker.com - $1,500

Posted by Karridy at 9:34 pm

May 9, 2008

Poker 4 Sale

And Some Services Wanted

I like to troll Craigslist every so often for some hot, anonymous NSA poker action. Not looking for games — there’s no shortage of ‘em here in LV — just wanting to take the pulse of what people are pushing related to poker. Look at the ads all together and you get some interesting tells on the state of the poker world and its semi-anonymous inhabitants:

There are a lot of chips , tables, fancy custom tables and chips and tables for sale, of course, and for $15 a made-for-TV WPT video game. WSOP: Tournament of Champions for the Playstation goes for $8

For $150k you can have documentary footage of the rise and fall of Jamie Gold.

A WSOP baby’s blanket.

More chips, from the Aladdin, and from the Atlantic City Playboy Club. “Omaha Table” from Sante Fe Station.

Perhaps frighteningly, there are even poker bots for sale. At least one suspicious reader is questioning whether or not this is legal.

More…

Posted by DanM at 2:19 am

May 8, 2008

How to Be a Mid-Stakes Pro, Part 2

From Craigslist:

well know poker player needs backer - $25 (Las Vegas)
Date: 2008-04-17, 1:28AM PDT
I will only accept the right person. I currently have a backer and we will be parting ways if I find a bigger backer. You are welcome to review my results and talk to my current backer. I made him $52,000 last year. I use to have my own money but I started a business that didn’t work out and I lost a few hundred K! Last year 07 I made $104,000 playing 2-5NL. We started with $15k and split everything 50/50. I want need to move up to where I use to play 5-10 and 10-20 and I need a bigger backer. I have an $1,800 mortgage and a $1,000 car payment so playing 2-5 doesn’t make enough for me to move up. My current backer has the same problem and cannot increase his stake. I am looking for someone to put up a min. of $25k for 5-10 and above. Since I made $104k in 2-5 it is easy to see I will make $200k playing bigger and it is the game I am use to playing in the past. I just cannot pay my bills plus save money making only $52,000. My nut is about $40k a year! We can meet and talk and I will choose who I let back me. My current backer knows I will be leaving and there is no bad blood there, just not enough money for me to split at my current level!

From the way the hedline sounds, I’d guess this guy is Asian. Just sayin’ … regardless, I suspect Men the Master might see a flaw in Danielsan’s plan.

Posted by DanM at 11:46 pm

March 18, 2008

Poker Tells: Bankroll Support

Posted by DuggleBogey at 9:52 pm

August 26, 2007

Red River Roundupdates: Field Wilting

THACKERVILLE, Okla.–North Texas player Abteen Vaziri just said now that I know his name I can delete it. He is out. He wins $2,500 for finishing in 55th place. Much of Abteen’s recent success has come from study of Joe Navarro’s book on tells. But he misread a pulsing neck vain for weakness when in reality it was pocket queens.

Sorry dude.

Looks like it’s up to Josh, Troy, and/or TJ to do the Dallas gamers (whose names Pokerati knows) proud.

UPDATE: Troy “Darling” Phillips is out. He got pocket jacks on the button and raised. The ever-aggressive big blind pushed all-in … Troy called … and would learn the sad news that he was up against aces. Ouch!

50th place. $3,000. Still, nice job by the Batfaces favorite sugar daddy curly haired representative. It’s only a matter of time before he runs out of money makes another final table.

UPDATE: Josh Evans also appears to be out. Turned away for a second and his table was gone … and he couldn’t be found elsewhere in the field.

Interestingly enough, while Kido Pham and Greg Raymer were brought out here (and presumably bought in) by WinStar … TJ Cloutier simply showed up on his own and plunked down $1,100. Definitely not a charity event for him. And to think, they don’t even have craps in Oklahoma. Can we say positive EV?

With 45 players left and blinds at 4k/8k+500, Cloutier has about 165,000 chips. Average stack is 111,000.

UPDATE: Just learned that Cloutier was bought into this event by a heretofore unnamed military-ish backer in Dallas … who has 50 percent of the poker hall-of-famer.

Posted by DanM at 2:52 pm

August 25, 2007

My Horse Is Out :(

Lodge and Rounder Club alum Chuck Pettigrew has been eliminated relatively early in Day 3-Day 1 of the Red River Roundup at Winstar. I didn’t even get to see him play, so I am sure he is wondering if he is going to get the $100 for the 8 percent of him I bought. Sure, he has delivered already on his 8 percent of $0 … but from what I have learned from so many “big name” pros out there, when you make these sorts of deals, you see, you don’t really have to pay … at least not right away. Don’t get me wrong, Chuck, had you made it into the money, or even built up a healthy chip stack, I’d be right by your side cheering you on, all the way to the cashier’s cage!

Better luck next time, sucker.

UPDATE: Chuck did have the pleasure of getting seated next to Kido Pham. That was presumably fun … at least for a few hours.

Posted by DanM at 4:24 pm

August 17, 2007

Backing into the (Oklahoma) Money

chuckp.jpgThe former Rev. Good Chuck in Fort Worth wants to play in the $1,000 Red River Roundup main event, being put on by the mighty-noble-legendary Winstar tribe of Thackerville, OK. We all know he’s a pretty good player in few-hundred dollar tournaments, so he’s looking to try his hand at something a little bigger.

But he also wants to do it with a little backing love. He has a potential investor, and he’s trying to figure out the best, most sensible deal for both parties. His initial thought is to allow the backer 30 percent for $500, or 50 percent for $800. As you know, we learned a lot about backing deals during the WSOP, specifically that the “you buy me in and get your money back + 50 percent” isn’t necessarily the standard. So anyone got any thoughts on this?

More…

Posted by DanM at 2:38 pm

July 8, 2007

Spread the Wealth: More on Backing Deals

LAS VEGAS–Pokerati good friend Michele Lau will be playing in the main event tomorrow (Monday) and she is looking for some additional backing. She’s already bought herself in, but would like to give you a chance to make a little money on any success she may find. She’s selling 8 percent pieces of herself for $1,000 — but basically we’re talking the same 80-cents-on-the-dollar deal that Como offered (and sold 45 percent of himself under). Will sell in smaller increments, of course. Play starts tomorrow at noon pacific … so if you are interested, get in touch with me or Marcel Luske (whom she works for/studies).

Posted by DanM at 11:14 pm

July 7, 2007

Re: Backing, Loaning & Crapshooting

LAS VEGAS–Michele, check out beapokerboss.com. I’m not sure what to make of it yet — it’s a site that helps bring together backers and backees, whether they be pros or amateurs. They’ve been a quiet but noticeable presence here at the WSOP … and while in general I’d tend to dismiss any company with a CEO named “G Cash” as little more than snake-oil poker, these guys seem like they might be legit.

I’ve also learned about how other backing deals work in high-stakes tournament poker … it’s not always so simple as “buy me in and you get 50 percent.”

More…

Posted by DanM at 5:12 pm

July 6, 2007

2007 WSOP Backing, Loaning & Crapshooting

Looking for a golden ticket into the wsop main event? Get in line…and a long one at that. With a few people willing to back my action (not with sex or anything remotely close) it has left me with a dilemma on whether or not I want to play in the main event. Hmmmm, decisions can be hard to make sometimes. I would put up most of the money but I’ve spent my tournament budget on earlier events and I’m very strict about money management. I want to play but I’ve been so busy writing and working on business endeavors that it has left me with very little time to play cash. My days are filled with writing, my days off are given to my children, and nights are the crumbs given to my husband. Fortunately, he’s a supportive and understanding player.

Dreams and deals are made often in the hallways here. Swaps, saves, chops (not wickedchopspoker), 50/50, 50/50 after taxes, 60/40, 70/30 and even worse deals occur when you’re desperate, owe money or favors. At least three people have asked my husband for money. I had one guy ask me for $200 today. Last year a man interrupted a conversation I was having with Freddie Deeb to ask him for money. And after all that…isn’t such a large field a crapshoot?

I just ran into a pro from Houston who told me:

I stood in line last night to register for the main event. While waiting, I looked around and could only recognize two people in the room. I got to the window, took out my 10k and put it back in my pocket and decided I’m not playing this year. I then went over to play ten and quarter and won 7500 dollars. If I win a satellite I’ll play but I’m not buying in because it’s too much of a crapshoot.

In every event I played this year I was crippled by a three outer which brings to mind Hellmuth’s line “If it weren’t for luck I’d win every time.” That poem being said…I’m done with playing the WSOP this year (pacifying words).

However, if you read that I am in the 2007 WSOP Main Event then that means one of three things:

1. I had 100% backing
2. The live update was wrong
3. I sold my media badge on ebay for 10k!

Posted by Michele Lewis at 6:06 pm

March 29, 2007

Fantasy Poker Update

I want to trade my whole team for JC Tran.

With his win in Reno, he moves into the lead for CardPlayer’s Player of the Year. Somehow still ranked 27th by Bluff.

Click here to see the entire Batface Fantasy Poker leaderboard … and how all of us pretending to be major-tourney player backers are faring.

NOTE: TBR vs. JC Tran, near the bubble in 2005.

Posted by DanM at 8:18 am

March 28, 2007

Other People’s Money

Bundas in Dallas writes in wondering about how sponsorship and backing works for big events … and also has me wondering if Pokerati should open up a forum. (Any volunteers to moderate?)

Perhaps looking for someone to rip him a new one, Bundas says:

OK Dan I’m sending this to you and hopefully you can pass on to all the pokerati writers or create a post and get each of there thoughts.

There is no way for me to post and have them respond but I would love to see what how each would answer.

OK in a recent posts I brought up the idea of Pokerati sponsoring me at the Holdem Radio live Event. I really was only kidding as that event is only $310.00 and I know there are no real funds at Pokerati for sponsorships.

I was listening to Holdem Radio last night and the subject of sponsorships for tournaments came up. Susie Isaacs brought up the point that she does not use her own money in the big events for example $5000.00 or above, she gets sponsors or backers.

Can you please have Tom Schneider or Michele Lewis our resident Pro’s explain what they do in regards to sponsorships or backers (Dan and Karridy could also give there opinions here)?

More…

Posted by DanM at 3:03 am