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Posts Tagged ‘backing-deals’

November 23, 2009

A Little More Joe Cada on ESPN

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Joe Cada is no longer a 21-year-old — he turned 22 last week … and spent the weekend on the sidelines of the Michigan-Ohio State game (Wolverines < Buckeyes) after this recent (to me) appearance on ESPN's First Take. He breaks down his backer deal (again) ... and also says, as might be expected from a young online pro, that he doesn't put much stock in physical tells. Gotta wonder though what Joe Navarro might say about his comfort level when discussing the age when he got his start.

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Posted by DanM at 7:59 am

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June 26, 2009

Tao of Pokerati: Pre-Horsing Around

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A $2,250 Mega-Sat for the $50k HORSE breaks out right in front of us, where suddenly the seasoned pros are kicking it old-school — playing with jovial intensity and the hope that their real poker dreams can be bought at a bargain. It’s the poker economy, the regular economy, and backer variance in play … with satellite sponsorship deals, backing syndicates, and a question about what kinda team Russian backers will deploy. Special appearances by Michael Mizrachi, Allan Kessler, Bill Chen, et many medium-higher-rolling al.

presented by:

dream team poker

Tao of Pokerati at the 40th WSOP
Las Vegas, NV

Episode 11.21: HORSE Hunting
4:09

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Episode 11.22: The Satellite Economy
5:06

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Posted by DanM at 8:31 am

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June 25, 2009

Players at the Gate

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There’s an interesting little mini tourney taking shape right in front of the press box … it’s the $2,250 HORSE Mega-satellite (for tomorrow’s big $50k event).

It doesn’t look too different from many satellites or second-chance tourneys that get started in the eve, except there are a few more chips in play, and a lot more recognizable players.

27 entrants so far … cards are already in the air … 28. Alan Kessler showed up early. He’s wearing a Doyle’s Room patch. Mike Mizrachi is trying to get Bill Chen in a lasts-longest … there’s Michael Binger (wearing UB, No-Limit Management, and Deep Stacks University … a few other players that I kinda-sorta recognize, but not really. One guy hovering around who I can assume is a backer, but not sure who he’s behind …

29 entrants. Low-key, relaxed, but serious. Will find out if this is their only stab.

Posted by DanM at 6:16 pm

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May 27, 2009

Go Team! (WSOP Event #1)

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As Kevin points out, today is the $500 casino employees event … and Pokerati’s got one of our guys in the seats: John Harris, whom will be making his debut as a poker twitterer here:

http://twitter.com/johnharristtu

Should be interesting. John’s a good player who has taken his game quite seriously over the past year+ … and he’s been playing on a backer’s money in his efforts to build a bankroll (while making a living as a WSOP Circuit dealer). There’ve been lots of ups and downs along the way, a few needle-moving tournament cashes, and overall he has grown his wad … but that process has been a slow grind to say the least. A big score here would go a long way toward helping him to step up to a level where he could do some real damage (or get his ass handed to him and get sent back down to the minors).

Here’s to hoping he can go deep — or at least last until after the UEFA Champions League final so we can patch him up appropriately and get a picture for the Team Pokerati photo album!

BTW: Though this will become more relevant as more events move forward, you can click here to follow all the twitterings of all Pokerati peeps together.

Posted by DanM at 11:41 am

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March 31, 2009

Dream Team Podcast

Tao of Pokerati

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Team Tao of Pokerati hits Caesar’s Palace (and Bellagio) for the first open-field running (second overall) of Dream Team Poker. Have a listen to join Pauly and Dan + Shaniac on our ventures to the registration and jersey-issue cocktail party … a pregame breakfast at Cafe Bellagio (where we declare ourselves the favorites, or at least a Top 10 team) … and then back to Caesar’s for the tournament itself. Along the way we analyze the intricacies of team play, formulate an alliance against TJ Cloutier, negotiate a deal to off Jerry Yang, and show you how big bets on March Madness might be the secret antidote to tilt. Intense strategy talk and hand breakdowns to boot …

Chapter 10: Go Team

Episode 10.1: Gel Time

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Episode 10.2: Shirts vs. Skins

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Episode 10.3: Spam and Eggs

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Episode 10.4: Karma, Villanova, and Thor

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Episode 10.5: Bustout Strategy

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Episode 10.6: Better Luck Next Time

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Posted by DanM at 6:02 am

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July 18, 2008

RE: Tiffany Michelle

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Posted this link in a comment down below, but really it deserves a little more pimpage … as this write-up by Change100 provides one of the best factual recounts and opinionated analyses of the whole Tiffany Michelle final table sponsorship saga. She tells a compelling story of girl-power gone awry, and the deeper Tiffany got, the more in over her head her agent may have gotten … all while having to make decisions affected by the emerging corruption of Ultimate Bet and escalating high-pressure tactics from frothing sponsorship-brokering wolves trying to mount her in the midst of her WSOP heater.

Jeffrey Lisandro, one of Tiffany’s backers, had been hovering around the Amazon Room all day on Day 6. The other, PokerNews owner Tony G., had already left Las Vegas several days prior. The UB scandal was blowing up, and so was Tiffany’s chip count. Personally, I was concentrated on the task at hand– reporting the tournament– but couldn’t help but notice all the little side conversations that were taking place in the empty back quadrant of the room, which, until only 48 hours prior, had been a sea of poker tables. PokerNews people and Tiffany’s agent, Katie Lindsay. PokerNews people and other agents. And Lisandro himself, putting his arm around Lindsay and walking off with her to have a private discussion. The war over Tiffany Michelle was in full swing as she sat 100 yards away, propped up on her knees, playing in the biggest game of her life.

I spent 8 years in the Hollywood machine and dealt with a lot of agents in my time. They are some of the most ruthless, yet sickeningly hardworking people you will ever meet. The client’s interest is your interest, and it is the only interest. Everyone else can go fuck themselves. Agents can piss people off and get away with it because they hold the keys to the castle by controlling the talent. Talent is the only real currency in Hollywood. Producers, financiers, studio executives, marketing divisions, publicists? Without the talent what do they have?

While I’m not so sure I agree with pinning so much blame on Katie Lindsay from Suited Connections — full disclosure: she’s a personal friend of California Jen’s, and I always saw her as one of the “nice ones” — Change has a little more understanding of how a cutthroat television world can work (a world that is new to poker even though we’ve been on TV for 5+ years) and has me wondering if Tiffany Michelle weren’t, at least indirectly, an unforeseen casualty of a delayed final table that noticeably upped the television stakes as we got closer and closer to The November Nine.

Oh, one other interesting thing … check out Change’s post right before this one. You’ll notice on that picture of Tiffany Michelle, posted before anyone knew of the brewing UB/PokerNews friction … the PokerNews logo is the most prominently displayed, even after she did her deal with Ultimate Bet.

Posted by DanM at 10:13 am

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June 26, 2008

$50k HORSE Day 2: Starting Tables

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With 140 of 148 players remaining, my horse in the HORSE starts here, as today is the day we find out who in the field is really looking to contend for something meaningful:

(Mathematically, I suppose I’m still pretty short-stacked with just 1,178 of those chips working for me; ; let’s hope Tom realizes he needs to get more of them.)

(Table 6)
Seat 1: Matt Hawrilenko – 41,100
Seat 2: Andy Bloch – 101,000
Seat 3: David Grey – 79,900
Seat 4: Johnny Chan – 172,200
Seat 5: Roy Thung – 90,000
Seat 6: Tom Schneider – 117,800
Seat 7: Michael Mizrachi – 82,300
Seat 8: Mike Wattel – 120,600
Click below for the complete HORSE table seatings:

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Posted by DanM at 9:29 am

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June 24, 2008

RE (5): Horsing Around… With Tom Schneider

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The last of the $50K H.O.R.S.E. mega satellites is going on now. The $2250 buy-in mega caught the eye of about 40 people, including Anna Wroblewski, Mike Wattel, and Jimmy “Gobboboy” Fricke. Oh, and Tom Schneider, who is no longer seated because he is now headed out of the Amazon Room. “Outski,” he said. “Outski and Hutch.”

At the first break of the mega, Tom stated that he was short-stacked and would probably be out soon. (Ding!) Regardless of the satellite outcome, he plans to play in the $50K event tomorrow and was very honest about how he would do so. He has sold some pieces of himself and is in discussions with a few other possible takers. At this point, he believes he will have to put up a good chunk of the buy-in himself, somewhere in the range of $20K and $35K.

While Tom doesn’t seem too thrilled about forking over that kind of dough, he doesn’t see being able to skip this event with so much prestige and money on the line. So, with bias firmly intact, go Tom!

Posted by California Jen at 8:01 pm

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RE (4): Horsing Around… With Kenna & Newhizzle

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In an effort to talk to more pros about playing in tomorrow’s $50K H.O.R.S.E. event, I ran into two players who are weighing their options and making decisions today about what to do.

Kenna James admitted that he does not have the money for the buy-in, though as Dan has previously noted, how many people really do? Kenna noted that a backer had contacted him about the possibility of working a deal, and he is considering that, as well as trying to win his way in through a mega satellite, the last of which is this evening at 5pm. With the announcement of the two additional satellite opportunities over the past few days, this gives him more outs. Personally, I didn’t get the feeling that he was super determined to play the H.O.R.S.E. event, but that remains to be seen.

Mark Newhouse is feeling good this year. With the disagreement with Dustin “Neverwin” Woolf out of the way and a backer firmly in place, he can be found walking around the Rio all the time, even standing around watching other tournaments on his own tournament breaks. He seems more determined than ever to make waves. For this reason, the $50K H.O.R.S.E. has definitely been on his mind.

While Newhizzle has a backing deal for the entire WSOP, he chose to exclude the H.O.R.S.E. event from that deal because “I don’t want that kind of makeup.” He also noted that despite his self-confidence, he doesn’t feel like a huge favorite in this particular event and wouldn’t want to take a chance on it by buying in directly with a backer’s money. He played two mega satellites last week and was not able to score a seat, but when I told him that there were mega opportunities still available, he immediately called his backer to discuss that option. If he wins a seat, he will play.

Posted by California Jen at 11:53 am

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June 22, 2008

Horsing Around

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The underbuzz at the Rio these days is the upcoming HORSE event. Everybody wants in, but few have the necessary liquid capital bankroll cushion to comfortably do so. The WSOP ran the last $2,250 mega-sat yesterday. These have had some interesting fields … and it was kinda funny late at night to see the last couple tables of a tiny-looking tourney on totally unspecial tables in a hidden corner (right in front of CardPlayer) with a handful of B-level pros … all fighting for $50k for 1st place, $30k for second. $1,500 NL Democratic Conventions are one thing, as our Omaha Hi-Lo bracelet events … but there were some really high-pressure battles amongst some very solid players going on in these attempts to win one’s way into $50k HORSE.

Off the tables, players are shopping around for backers, as very few players have the true bankroll to justify such a big buy-in against arguably the strongest field in the world. Using the most basic bankroll management math, a player should have $5 million put aside just for poker for HORSE to be a no-brainer buy-in. I gotta think there aren’t more than 25 or 30 mixed-game-capable players in the world with the five double-ems in the family BR, yo? Yet we can expect to see probably about 150 runners competing for the Chip Reese title.

CORRECTION: I made a mistake on the podcast when saying a proper poker bankroll for a $50k buy-in is $5 million. Oops, added an extra zero … $500k should suffice.

Posted by DanM at 12:56 pm

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May 20, 2008

All aboard the K-Train. Woo-woo!

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…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

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May 9, 2008

Poker 4 Sale

And Some Services Wanted

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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.

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Posted by DanM at 2:19 am

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May 8, 2008

How to Be a Mid-Stakes Pro, Part 2

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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

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March 18, 2008

Poker Tells: Bankroll Support

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Posted by DuggleBogey at 9:52 pm

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August 26, 2007

Red River Roundupdates: Field Wilting

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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

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August 25, 2007

My Horse Is Out :(

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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

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August 17, 2007

Backing into the (Oklahoma) Money

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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?

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Posted by DanM at 2:38 pm

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