joining bankroll with friend, some problems

[billuhbong]

i just started sharing my bankroll with my friend so we could move up to higher stakes. he is contributing roughly 2000 and i am contributing 1100. Basically we are playing 8 tables of 5/10 and he is doing most of the workload. Hes playing 6 tables and Im gonna be playing 2. Can someone help me make a platform on how to split the profits and losses accordingly. what is a fair amount considering he is playing more and contributing more money?

[grandgnu]

He's put in 2x the money and he's playing 3x more tables than you are.

So I would say that you should split it, 70/30 in favor of him of course. Maybe even 75/25

[ThePinkBunny]

just because you're sharing a bankroll doesn't mean you should share the profits. I would keep seperate logs of who's up what.

this could be really hard on your friendship.

[jeffraider]

Worst idea ever man.

[Rasputin]

This is a better idea than pounding your scrotum with a hammer, but only barely.

Money and friends don't mix.

[snowbank]

This doesn't make sense. It doesn't help either of you move up really. You just end up playing more tables instead of less. If you did it by yourselves you'd basically be doing the same thing.

[mntbikr15]

[ QUOTE ]
This is a better idea than pounding your scrotum with a hammer, but only barely.


[/ QUOTE ]

hahahaha! funniest and yet the truest thing ive heard in a while

[bugstud]

he should 6 table 3/6 or 2/4 instead

[Louie Landale]

I cannot imagine this surviving the friendship ..err.. the friendship surviving this arrangement.

You'd be better off just sharing part of you action with each other, say 20%. Then you'd both be playing 5/10 using a bankroll needed for 4/8; for whatever that's worth.

If you both have jobs then don't worry about bankroll requirements.

- Louie

[orion]

[ QUOTE ]
This is a better idea than pounding your scrotum with a hammer

[/ QUOTE ]

Pounding your scrotum with a hammer is bad idea!
Glad you told me that - I was eyeing a nice 4lb hammer just yesterday.

--
orion

[alThor]

[ QUOTE ]
i just started sharing my bankroll ... he is contributing roughly 2000 and i am contributing 1100. ...Hes playing 6 tables and Im gonna be playing 2. ...what is a fair amount considering he is playing more and contributing more money?

[/ QUOTE ]

If you believe that you are both equally profitable, and that there is no risk of going bankrupt, then you should split in proportion to hands played.

If there is a chance you will lose the bankroll, and never play again, then your friend deserves a premium for risking more money. The blackjack literature addresses this kind of problem for teams. See Schlesinger's Blackjack Attack, for example, for a basic method. Basically, a percentage goes to investors in proportion to their capital, and the rest goes to players in proportion to their hours played. The percentage is based on the risk of ruin.

If you just want a wild-assed guess, how about: split half your profits in proportion to your investments (basically 1/3, 2/3), and split the other half by hours played. If you play equal hours, you will get (1/6 + 1/4)=5/12 of profits. Obviously your original investments are simply refunded at the end of the deal.

alThor

[AncientPC]

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Worst idea ever man.

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[ChessMan]

How large a bankroll would I need to pound my scrotum with a 6lb hammer? I'm used to pounding my scrotum with a 2lb hammer, but I'm thinking of moving up.

Thanks!