Getting staked at 2/5 NL - what's standard for staking?

[KnifeParty11]

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Yes, tell him it's 100% no risk.

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beat me to it

[thedustbustr]

[Squareview]

haha your playing 2-5 with around 5k? you be broke in 2 weeks

[isapistola]

2BI roll is enough for live.

i would have had 100% of myself. if i busted and wanted to continue playing i would have asked the friend for a stake (or a loan).

[grac]

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2BI roll is enough for live.


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oh really.

[vhawk01]

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haha your playing 2-5 with around 5k? you be broke in 2 weeks

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This is as wrong as it is nitty.

[matt85]

Shortstack 25/50 for a week and post results.

[atrainpsu]

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I began to think that the standard arrangement is he puts up 100% of the bankroll, I play, and then we split the profit.

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This is usually a really bad deal for the staker for a one session arrangement, which this appears to be. If you win $1000 2/3 of the time and lose $1000 1/3 of the time, your buddy's EV on this proposition is $0.
The deal you made seemed descent, although, maybe you could have sold a smaller piece of yourself, or tried to negotiate a better deal with your friend.
I think now that you have 5 or 6 buyins, I would take shots on your own.
P.S. I guess this was a minibrag, but otherwise wrong forum?

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Sorry bro. I don't get it. If I win $1000 twice 2/3, he gets $1000. If I lose $1000 1/3, he loses $500. He's still up $500, isn't he?


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If your staker put up 100% of your bankroll, and got 50% of your profits for ONE session.
Let's say you either win $1000 or lose $500 in a given session and it is 50/50 as to whether you win or lose. A winning session would give you $500 profit and your staker $500 profit, a losing session would leave you with $0 losses and your staker with $500 in losses. Since these are both equally likely to happen, your EV for 1 session is .50($500)+.5(0)=$250, while his EV for 1 session is .50($500)+ .50(-500) = 0 .
Note: this would be the EV for 1 session. As the stake gets longer (5 sessions, 10 sessions, 50 sessions) his EV approaches your EV.

It seems like you are gonna go on your own, which is probably a good idea. If down the road, he offers a stake again, you might want to check back with the forum as to whether it is a good stake for you.

[friedace]

<quote>If your staker put up 100% of your bankroll, and got 50% of your profits for ONE session.
Let's say you either win $1000 or lose $500 in a given session and it is 50/50 as to whether you win or lose. A winning session would give you $500 profit and your staker $500 profit, a losing session would leave you with $0 losses and your staker with $500 in losses. Since these are both equally likely to happen, your EV for 1 session is .50($500)+.5(0)=$250, while his EV for 1 session is .50($500)+ .50(-500) = 0 .
Note: this would be the EV for 1 session. As the stake gets longer (5 sessions, 10 sessions, 50 sessions) his EV approaches your EV.

It seems like you are gonna go on your own, which is probably a good idea. If down the road, he offers a stake again, you might want to check back with the forum as to whether it is a good stake for you.

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Ok that's a bit clearer now. I understand your point, but let's assume a given player is beating game for XBB/hr. If the player is staked 50/50, he makes X/2BB per hour and so does his staker. I think the long term is really all that matters, and EV for a single session or a couple of sessions isn't really that important for practical purposes, you know?

Thanks for the reply and advice about coming back for staking advice.

I've been out of town for the last week and I've had no internet and haven't played poker, so I've really been thinking about this.

Ideally, I want a 20BI roll for any given level according to advice on this forum, Chris Ferguson's advice, etc. Whether this is enough/too much isn't really that big of a deal because I think most people would agree that this would give you a pretty ample safety net.

That being said, grinding at 1/2 will take years before I have enough of a BR to play the 2/5 game. I want to play the 2/5 game because with school, I can play a couple of hours every week and make some decent dough for spending money. I figure I should just take a shot with the $3500 or so and my line of credit to see how it goes. If I set my limit at $1500 on my LOC, I have $5000, or 10 BI. That will be my shot and if I lose it all, I will drop back to 1/2. And being an extra $1500 down on my LOC really isn't a big deal in the long run.

IMO, the benefit of this is that with some luck and disciplined game selection/quitting when my edge diminishes (ex. game turns short handed, live fish leave), I can win a couple grand in the first few sessions and increase my roll to something like $7000/$8000, which would let me stay at this level and hopefully continue grinding.

They also have a 5/5 game every week at this room, with a $1000 BI. The rake is proportionally lower for 2/5 and 5/5, plus 5/5 has an effective 150bb max buy, which makes it easier to stack fish. Plus, the games are softer and I know I can beat it long term, if only because they suck so bad, and not dt me being exceptionally good. That being said, put another way, wouldn't it be -EV to stay at 1/2 and not take a shot?

Thanks for all the great replies guys. I really appreciate it.