Poker Hedge Fund

[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...

[Micturition Man]

I think the bots idea is a losing proposition for a couple of reasons. The main though is that poker is a zero sum game (negative sum actually but whatever).

The more you multiply your bots to increase your profits, the more $ they are sucking out of the games. So there is a diminishing returns.

Also it seems unlikely that even with your resources you will be able to develop strong ring game bots at a reasonable cost.

I could go on but basically I just don't see that plan working.

The player-backing hedge fund is sort of interesting but there are some basic problems that I think will not make the idea feasible on a large enough scale to be worth trying.

For one thing the most +EV players also tend to be the most able to pay for themselves.

Also the EV of good tourney players is not really that high from a hedge fund's perspective, especially when you factor in the double taxation that will be involved.

Backing can be very profitable as a personal venture but I totally don't see it working at an institutional level.

[winterGT]

Someone who was in on this, could very well dump chips to his mate til the fund bankrupts, or til he is kicked off of it.

[El Diablo]

MM,

"I think the bots idea is a losing proposition for a couple of reasons."

That's a very silly statement. The bots idea is both unethical and violates the terms and conditions of the sites, but it is most definitely a super-profitable proposition.

[The Dingo]

[ QUOTE ]
OP,
We LOVE this idea. Please get it going as quickly as possible.

Sincerely,
Brian Townsend
Patrik Antonious
David Benyamine

[/ QUOTE ]

Mate I crap bigger than you and these guys, add up your loot, bring your BEST players, you can play my legends anytime........ in the long run he with the most loot will bust the drongo with but a few Millsky (George Soros)



The point of this fund is purely to place excess liquidity into an area where our traders have an edge, we have had several hundred PMs so apologise if we did not respond to all

but you may send interest to me via PM and I will give you an email to send data to..............We have very large backers who want to totally diversify from traditional investments and have an intellectual interest in this and a huge amount of capital to play with...

NOTE - we do very detailed background searches on everyone involved in the fund......no cons allowed at any level.....sorry Brandi

[pete fabrizio]

This idea could work for tournaments, a la Timex/Bax/Sheets, but I doubt it would for cash games. Truly winning players have very little incentive to be backed. It just doesn't take that long to move up to the highest level you can beat.

[wdead]

[ QUOTE ]
Because my man if you have a bankroll of $500k and are making $250k per annum and someone gives you a deal where you can make more for ZERO risk it is a great deal..

this is how hedge funds work and why they get the best talent from the investment banks so when you say gee this guy makes $300k per year doing what he does and his mate plays for a fund and makes $1.5 M per year and runs his own show and has NO RISK.......too frickin easy

[/ QUOTE ]

If an investment has zero risk then there will be no economic profit derived from this investment, basic economic and financial theory.

nothing in life is free

[Poker monkey]

[ QUOTE ]
[ QUOTE ]
OP,
We LOVE this idea. Please get it going as quickly as possible.

Sincerely,
Brian Townsend
Patrik Antonious
David Benyamine

[/ QUOTE ]

Mate I crap bigger than you and these guys, add up your loot, bring your BEST players, you can play my legends anytime........

[/ QUOTE ]
Oh dear, your comment just proves how out of your depth you are, and how little you know about what you're getting into.

[ QUOTE ]




[/ QUOTE ]
Why are you placing wildlife photos in the middle of your posts? Random or what? Are you expecting people to take you seriously?

[ QUOTE ]

The point of this fund is purely to place excess liquidity into an area where our traders have an edge,

[/ QUOTE ]Poker is not a financial market; it doesn't need "liquidity", unless you've identified a secret group of Andy Beals wanting to play 5000-10000 NL any time of night or day, which I doubt. Don't try to justify this by pretending you're doing something useful.

[Micturition Man]

[ QUOTE ]
MM,

"I think the bots idea is a losing proposition for a couple of reasons."

That's a very silly statement. The bots idea is both unethical and violates the terms and conditions of the sites, but it is most definitely a super-profitable proposition .

[/ QUOTE ]


No, it's not.

The OP was suggesting putting bots in low limit games. There is no way this is "super-profitable" in the context of a 10 M hedge fund, especially given the dried up state of online poker.

And if this were super-profitable the opportunity to act would probably be past anyway because the games would already be full of bots.