Poker Hedge Fund

[innerpeace]

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the problem is you'd have a very hard time finding players who could beat the game who would want to give up enough of their earn to make it worth your/your investors while.


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with regard to players, i think there are many 'hidden gems' out there who could do very well given the opportunity. for example, i know someone who occasionally posts on these boards and who has an excellent understanding of the game. i am certain he could be a consistent winner at msnl up to about 3/6 and with a little work even 5/10 and above. why doesn't he play higher? in part since he cashed out much of his role just prior to the neteller/uigea debacle, in part since he has a very well paying full time job, so doesn't put in the hours/hands to build a bigger bankroll, he also has a family and doesn't want to get in the habit of dipping into savings to fund a bank roll.

i offered to stake him on several occasions, and he almost took me up on it, but then backed out because he felt uncomfortable getting into such a financial arrangement with a friend. i think he would be a perfect candidate for the sort of set-up op is proposing. i would bet that there are others just like him too.

i'm surprised that many people here are openly against an idea that would infuse more money into the poker economy. are you the same people who berate opponents when they draw out on you?

to the op, i can understand the rationale behind the law of large numbers, but as i'm sure you are aware, i would think there are some great opportunities to fund professional or semi-professional players in ultra high stakes cash games that include independently wealthy, but weak, opponents looking for big action. however, many of these games are private, and so you might have some legal issues.

[GoldenBears]

^^^ But would 40% of profits at the higher stakes table be better than 100% of profits at a lower stakes table?

Also, with cash games you can't just cover them whenever they have a losing session and chop it whenever they have a win, you would never come out ahead. You'd have to add up their net wins and losses over like a year or at least a month, and then cover them if they were down and chop if they were up...

Tournaments you can do game by game though...

[berya]

"He said fund started with 25 players, most in NY playing online in a "hedge fund hotel hookup" and some pros in Vegas" - LOL

So we got a new boiler room and a new scamming/cheating high stakes team coming together. Nice. How do I sign up?

Anybody seen George?