Staking LuckyJimm - is this fair?

[NickyC]

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You did nothing but lose on your own money, and now you want to start being staked? I feel this is a horrible mistake on your part. If you've made the decision in your life to be a degenerate gambler, that's one thing. I'm afraid you open up a whole new area of pain and worry when you start borrowing from other people to feed your addiction. I know you say it's a stake, and the money is yours to lose free of charge but believe me, nothing in this world is free.


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Dude its like 500 bucks. I think the guy came to Jim first also.

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I'm just from a different school of thought. I'd never take a dime from anyone, especially not to freeking gamble with. I'd have offers from friends, relatives, hell even dealers at my local casinos to stake me in games. I've turned them all down immediately.
If I can't make it on my own, I don't want it. Sure I'd like to move up in limits quicker, but it will be on my money.
Anytime you loan or borrow money you're just asking for trouble, it's just my personal opinion LuckyJimm should stay away from any staking arrangements. It doesn't matter if it's $500, or 50,000. He's not a winning player and I don't think he's being completely upfront with the potential backer.

[degeneratedonk]

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So you play 5/10 but your last four deposits have been $60, $200, $40 and $50? You sure you didn't mean .05/.10? That would seem reasonable. $40 and $50 deposits are pretty low for a 5/10 player....

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Let me talk you through it! Sunday before last I deposited $50 and sat at $0.50/$1, got up to $150. Moved to $1/$2 and got up to $800, changing tables when I doubled up unless it was really juicy. I was using PokerTracker and Grapher and soon had an idea who to play and who to avoid. I won a big hand on $2/$4 and by the time I went to bed had $1200. I tried to cash it out, having sent all kinds of I.D. to the site, and sent them many emails Monday daytime asking them to process the withdrawal, but they couldn't be bothered. So got home Monday night and played $1/$2 and $2/$4 six-max again. I won some great hands against awful players. One time I sat at a $1/$2 table with $200 and bust out a player with an $800 stack. I got up to $2800 by about 11.30pm. Then I tried two-tabling $2/$4 and went on tilt, losing $800.

I took a break and sat with $1000 at a $5/$10 table. The first hand I was dealt I had 9TKQ with two diamonds. One player raised preflop; I called and hit the nuts with a 8JQ rainbow flop. I potted it for about $160; another player repotted; preflop raiser folded; I reraised, he called, and it was a $2k pot. He had three-pair no straight draw. I actually caught a backdoor flush and took it down. I then won a nice pot on $1/$2 and at this point had $3200 in my account.

I "withdrew" $3000 and sat with the remaining $200 at a $1/$2 table. I doubled up with 66xx with an underful versus someone's aggressively-played trips. Then I sat at a $5/$10 table with $400, figuring I'd already withdrawn a large amount and didn't mind so much if I lost this; if I could win more, great. I wasn't hitting and my stack depleted calling preflop raises. Then I called all-in for $180 with 35JJ on a 248r flop, after one player had potted and another had called. Turn J, river A, so now I had $750.

After winning a small pot with queens full versus jacks full I doubled up again with AKT8 on an AT8 flop verus a guy with J9xx and a hearts draw which blanked. So now I had $1660. I withdrew $1600 of it and went to bed.

But when I woke up, before I'd had a cup of tea, cigarette, breakfast, or showered or dressed, I stupidly sat at a short-handed $5/$10 table and was tilting from the beginning. I was stuck about $1000 by the time I should have left for work, and foolishly decided to keep playing. Tilted more and more, one hand I threw money away, another paid off a backdoor flush with my turned top set when I should have found a fold, another missed with nut flush draw and wrap versus top set, and so on. Before long I was busto.

I don't have a regular game. I move up or down as the spin-up goes on; although I had no urge to play above $5/$10. This is how I can win and lose so much so quickly. I really need to force myself to put in X thousand hands at a particular limit, most likely $0.50/$1 but I want it to be $1/$2, and see how I get on over time. I can beat the games but I can't beat tilt or playing for most of my money.

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Jim .. you've lost just about all perspective, start listening to people and stop telling yourself what you want to hear.

This is classic degeneracy. Addiction. You're not playing to make $$ you're playing for the rush and seem to have no recognition of that.

You have got to get out of this immediate gratification mindset or your life is going to be very difficult, trust me on this one. You might want to get some counseling.

Personally I think you should stop playing poker entirely and find something else that provides fulfillment.

If you're not going to do that then for goodness sake, take a deep breath and read every post you can find on bankroll management and variance because you are hurtling down a road to catastrophe my friend.

[tautomer]

A railtard asking for a stake. Imagine that.

[morphball]

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Yes, I agree. Well, find a happy medium of where the money is enough to excite me but not so much I'm outplayed.


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Not a hater luckyjimm, but I don't think that you will ever find an amount that excites you. You are an action junky, and if there's a bigger game than where you are at, that will be the stake that excites you.

I am also pretty sure that you will not feel you are being outplayed when you are 90% of the time.

Again I am not a luckyjimm hater, and I think you do have talent. You just have personal issues which outweigh the talent.

[Jackal52]

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luckyjimm,

I have accounts on Absolute, Full-tilt, and Stars.
If I transfer you $150,(at one of the above) will
you post the results for everybody to read?

This would be entertaining for all of us.

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Yes, happy to try it on Absolute or PokerStars. I haven't seen the PLO games on Absolute, are they good?

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I will transfer you $150 on stars.
I live in Chicago, I work during the day.
What is your screename? (My screenname is not Jackal52)

The deal is the following:
Start out playing $25 plo.
If you hit, $300,(playing $25 plo) pay me back the original $150.
At that point, if the account reaches $1000, stop. I want 50% of the money or $500.

At that point, you are on your own.
Make an honest effort at bankroll management.
Also, you must post the results here.

PM me if interested.

[Max Raker]

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You did nothing but lose on your own money, and now you want to start being staked? I feel this is a horrible mistake on your part. If you've made the decision in your life to be a degenerate gambler, that's one thing. I'm afraid you open up a whole new area of pain and worry when you start borrowing from other people to feed your addiction. I know you say it's a stake, and the money is yours to lose free of charge but believe me, nothing in this world is free.


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Dude its like 500 bucks. I think the guy came to Jim first also.

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I'm just from a different school of thought. I'd never take a dime from anyone, especially not to freeking gamble with. I'd have offers from friends, relatives, hell even dealers at my local casinos to stake me in games. I've turned them all down immediately.
If I can't make it on my own, I don't want it. Sure I'd like to move up in limits quicker, but it will be on my money.
Anytime you loan or borrow money you're just asking for trouble, it's just my personal opinion LuckyJimm should stay away from any staking arrangements. It doesn't matter if it's $500, or 50,000. He's not a winning player and I don't think he's being completely upfront with the potential backer.

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I assumed the backer knew the whole saga of luckyjimm. I understand your point as well. I guess I am the exact opposite, I went bust a few months into turning pro, borrowed and got to a point where I can play and live off poker pretty comfortably. I do probably loan out more than I should though.

[degeneratedonk]

also post in another forum next time (PLO-8 or high). you won't get a lot of useful advice or commentary in here, it really is the garbage dump of 2+2.

[pahala]

Wouldn't it be cheaper to get a friend to sweat you and shout at you / force you to quit/ slap you in the face / whatever whenever you start tilting? In ideal situations (eg. someone you trust completely) he could also be the only one who knows the password so you couldn't play without him.

[75s]

Doesn't FTP have responsible gaming now?

[luckyjimm]

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A railtard asking for a stake. Imagine that.

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I NEVER asked for a stake. Someone started a thread and PM'd me offering one. Another guy PM'd to say he was also interested, but instead with him we'll meet up and play together, putting in half the money each and with him controlling my tilt tendency.