Anybody want a loan?
 

Seems this might be a good business to get into if there are any people around who need an instant roll. What I am thinking of is lending a few people $1000 to play $22 sngs on party. This maybe for you if the following applys.

You are willing to play at least 250 sngs a month all logged onto aleo's spreadsheet.
You are willing to give me 20% of your winnings at the end of each month.
You can end this agreement at any time by paying back my $1000 with 20% of that months winnings up to that point.
You are eager to become a good sng player, you read almost everything posted on this forum and you post hands and post your opinions on other peoples hands.
I will provide advice as required ie going through some hand historys, watching you play etc.
You are OK to email me your stats for the month and I'm thinking give me access to your account at the end of every month so I can check your transaction history. If your account is only made up of the original $1000 plus any winnings this shouldn't be a problem just change your password as soon as I've checked.

Please note this is a loan so there is no downside or risk to myself apart from the fact that you could run off with my money. If even with my help and guidence you lose the $1000 you will need to pay it back. Whilst you can end the agreement immediately at any time I will give one months notice if I want my money back.
I am not going to lend money to just anyone you need to be a keen student who has already done some posting on this forum.

As an example if you achieve 10% ROI on the first months 250 sngs you will have made $550 of which you will owe me $110. I would expect that by month 2 you will be at least on 20% ROI so you will make $1100 of which I will want $220. As you can see I will be getting a lot more money out of this than if I had it in the bank. It is quite possible that nobody will want to do this in which case I have only wasted 10 minutes of my day.

I am a proven winning $55 player who is currently multitabling the $22s for a living. You obviously also get any rakeback that your affiliate gives you.

If you are interested please PM me or email byronkincaid@hotmail.com.

Justin

Re: Anybody want a loan?
 

Emailed you, I need a bigger bankroll I can only afford 10+1s now cause I'm cashing out most of my winnings, this would be great and def +$ for me, and you.

Edit- Also I think you should have access to the account at all times. I'd make my password something so you could always access.

Re: Anybody want a loan?
 

Bump this back up, just wondering are you doing this?

Re: Anybody want a loan?
 

You are a very trusting person.
[ QUOTE ]
If even with my help and guidence you lose the $1000 you will need to pay it back.

[/ QUOTE ] That's just adorable.

I honestly hope this works out for you, but I think you're underestimating the ratio of scumbags to good underfunded players in the world.

Re: Anybody want a loan?
 

[ QUOTE ]
You are a very trusting person.
[ QUOTE ]
If even with my help and guidence you lose the $1000 you will need to pay it back.

[/ QUOTE ] That's just adorable.

I honestly hope this works out for you, but I think you're underestimating the ratio of scumbags to good underfunded players in the world.

[/ QUOTE ]Yeah I agree with you, you should have some sort of fidelity program or something, not sure how you'd do it :|.

Re: Anybody want a loan?
 

I'm replying to your email now.

Re: Anybody want a loan?
 

I am looking for a $10,000 bankroll so I can take a shot at assaulting the $109s. I am willing to pay 55% of the profits. I promise to play a minimum of 500 SNGs. If I am unable to fulfill the 500 SNGs due to a 'bad streak', I am not liable for any losses. I am a proven player on the $33s, but I'm sure I can assault the $109s with a similar results. Does this fit your profile?

For almost everyone on this forum, this whole loan thing is a joke to me. Why does anyone want backing? The objective of this forum is to learn to be a better player. I can understand mentoring. If you can't afford it, then play small stakes. IMO, playing small stakes is part of the learning curve.

Re: Anybody want a loan?
 

[ QUOTE ]
I am looking for a $10,000 bankroll so I can take a shot at assaulting the $109s. I am willing to pay 55% of the profits. I promise to play a minimum of 500 SNGs. If I am unable to fulfill the 500 SNGs due to a 'bad streak', I am not liable for any losses. I am a proven player on the $33s, but I'm sure I can assault the $109s with a similar results. Does this fit your profile?

For almost everyone on this forum, this whole loan thing is a joke to me. Why does anyone want backing? The objective of this forum is to learn to be a better player. I can understand mentoring. If you can't afford it, then play small stakes. IMO, playing small stakes is part of the learning curve.

[/ QUOTE ]Well when you are a college student like me anytime you get the bankroll to move up a level, you have expenses and have to cash most of it out, thisll help me make more money in the long run.

Re: Anybody want a loan?
 

Prediction: All of this loan nonsense is going to end badly.
Do you see why?

Re: Anybody want a loan?
 

I'm looking for a $1,000,000 bankroll support, so that I can move up to... er, the southern coast of France? I hear it's nice there.

citanul

I'll take bankroll help in the single thousand multiples, and scam lots and lots of people, if people are interested.

Honestly, the whole thing about being a college student so you have to cash out expenses is just garbage. Are you honestly saying that if you didn't have your $10 sngs, you wouldn't be able to pay your tuition?

Re: Anybody want a loan?
 

[ QUOTE ]
Honestly, the whole thing about being a college student so you have to cash out expenses is just garbage. Are you honestly saying that if you didn't have your $10 sngs, you wouldn't be able to pay your tuition?

[/ QUOTE ]

I'm not sure what you are referring to, but the case of a student is one of the few in my mind where staking/bankrolling makes sense. College students typically do not have much saved money and cannot take up jobs easily because of their schedule.

Re: Anybody want a loan?
 

[ QUOTE ]
I'm looking for a $1,000,000 bankroll support, so that I can move up to... er, the southern coast of France? I hear it's nice there.

citanul

I'll take bankroll help in the single thousand multiples, and scam lots and lots of people, if people are interested.

Honestly, the whole thing about being a college student so you have to cash out expenses is just garbage. Are you honestly saying that if you didn't have your $10 sngs, you wouldn't be able to pay your tuition?

[/ QUOTE ]No, I'm on a loan for my tuition, I need money for food and clothes, sorry my parents arent rich and can't get me everything.

Re: Anybody want a loan?
 

Probably a good idea to open a new account. That way there would be no confusion. Then if the person you loaned the money to wanted to play ring games, or steps, or something that was not covered by the agreement, there would be no confusion. They could simply pay those in there other account, with there own money. No commingling of funds... Also does the 20% include any rake back?

Re: Anybody want a loan?
 

[ QUOTE ]
[ QUOTE ]
I'm looking for a $1,000,000 bankroll support, so that I can move up to... er, the southern coast of France? I hear it's nice there.

citanul

I'll take bankroll help in the single thousand multiples, and scam lots and lots of people, if people are interested.

Honestly, the whole thing about being a college student so you have to cash out expenses is just garbage. Are you honestly saying that if you didn't have your $10 sngs, you wouldn't be able to pay your tuition?

[/ QUOTE ]No, I'm on a loan for my tuition, I need money for food and clothes, sorry my parents arent rich and can't get me everything.

[/ QUOTE ]

WAH!

Re: Anybody want a loan?
 

Well, i personally feel I could do well at the 1k SNG's, but I do not have the BR for them, but if someone were to BR me for 25k or so, I'd play them, and likely make a fair amount more than I already do even with giving a cut of my profits.

Re: Anybody want a loan?
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I'm looking for a $1,000,000 bankroll support, so that I can move up to... er, the southern coast of France? I hear it's nice there.

citanul

I'll take bankroll help in the single thousand multiples, and scam lots and lots of people, if people are interested.

Honestly, the whole thing about being a college student so you have to cash out expenses is just garbage. Are you honestly saying that if you didn't have your $10 sngs, you wouldn't be able to pay your tuition?

[/ QUOTE ]No, I'm on a loan for my tuition, I need money for food and clothes, sorry my parents arent rich and can't get me everything.

[/ QUOTE ]

WAH!

[/ QUOTE ]DADDY WASNT THERE! TO TAKE ME TO THE FAIR! TO CHANGE MY UNDERWAIR! DADDY WASNT THERE! Ok people Daddy wasnt there.

</Austin Powers>

Sorry about that, I'm not trying to sound like a crybaby though, I don't think I have a hard life.

Re: Anybody want a loan?
 

Me, I think there is no excuse to not be able to build up your own bankroll these days.

I am a brand new player, started playing 6 months ago and just by playing break even poker in low level limit I was easily able to make over $2000 in just bonus money. The casino bonuses are even easier than the poker bonuses to clear with 0 risk if you do it properly.

Re: Anybody want a loan?
 

[ QUOTE ]
Are you honestly saying that if you didn't have your $10 sngs, you wouldn't be able to pay your tuition?

[/ QUOTE ]
Beer costs a lot of money too!

Re: Anybody want a loan?
 

OK I have had numerous people interested in my offer. To be honest I didn't expect anyone to reply. The best way to learn to play sngs is explained well in this thread

I have never taught anyone how to play poker ever, although I firmly believe that you could pretty much teach a monkey how to play the $20s. You IMO would be far better off taking some money off your credit card than going with my deal.

However the thought of having people playing sngs and giving me a cut of the earn is apealing. I have had people with no posts at all through to people with many times more posts than me PM/email me. I am having a tough time working out who to trust, I think it's impossible to know. Therefore instead of loaning 3 or 4 people $1000 I'm more inclined to loaning 7 or 8 people $500 and taking it from there. Not sure about putting a time limit on it or not. The one thing that nobody has said is how they plan to pay back the roll if they lose it.

I might just knock the whole idea on the head I don't know. If you have contacted me I'll get back to you tomorrow, I have some thinking to do.

Re: Anybody want a loan?
 

[ QUOTE ]
No, I'm on a loan for my tuition, I need money for food and clothes, sorry my parents arent rich and can't get me everything.

[/ QUOTE ]

Thats why they have these things called jobs. You don't even have to work during the school year. You can make enough money over the summer to pay a students expenses for the year.

Re: Anybody want a loan?
 

Seriously dude. I spend like 10 bucks a week on Fast food and stuff. 10 bucks!!! and hey... my parents ARE financially stable. Just dont spend much man. Its pretty easy.

(By the way...where did all these guys come from.)

Re: Anybody want a loan?
 

Before ANYONE thinks about offering or accepting a loan or similar arrangement, you should read this post.

This stuff can get really messy really quick.

Maybe a strict mentoring program for a flat fee and/or % of winnings would make more sense. Player risks his own (however small) bankroll and moves up when appropriate.

Re: Anybody want a loan?
 

This whole backing small stakes players is SOOO silly.

Anybody want $1000?

go to the internet forum and learn how to bonus whore...its REALLY easy and only requires about a 300 buck investment which you can just cash right back out when your done.

The only time backing does make sense is when someone like Dali wants to be backed to play something he can't work up the BR to play, but is a *proven* winner at. Staking people to play any level blow the 200s is in my mind just ridiculous.

Having said that, giving you 25k would put me out of action, sorry dali [img]/images/graemlins/tongue.gif[/img]. There are people out there who might do that for an 70-80% cut though.

Re: Anybody want a loan?
 

[ QUOTE ]
[ QUOTE ]
Honestly, the whole thing about being a college student so you have to cash out expenses is just garbage.

[/ QUOTE ]

No, I'm on a loan for my tuition, I need money for food and clothes, sorry my parents arent rich and can't get me everything.

[/ QUOTE ]

Welcome to Entrepreneurship and Business Finance 101
Chapter 1: Divident reinvestment.

Poker is your new business. Your bankroll is your operating capital. If you don't reinvest some of your profit to grow your business (to be able to move up to higher stakes), you're not a very good businessman (and therefore not someone investors should be begging to back anyway). If you keep cashing out your winnings so you can have chump change for pizza and TacoBell, that's all your poker career will ever amount to--chump change.

Re: Anybody want a loan?
 

Apathy,

Some people have already done the whole BW deal to build their initial bankroll but have either gone bust or had to spend their BR in other places.

That's the problem.

Re: Anybody want a loan?
 

[ QUOTE ]
Maybe a strict mentoring program for a flat fee and/or % of winnings would make more sense. Player risks his own (however small) bankroll and moves up when appropriate.

[/ QUOTE ]

This is the way to go, IMO.

Re: Anybody want a loan?
 

[ QUOTE ]
Apathy,

Some people have already done the whole BW deal to build their initial bankroll but have either gone bust or had to spend their BR in other places.

That's the problem.

[/ QUOTE ]

This is just silly. Almost every site has reload bonus going at least once a month and I could teach a monkey to play 50. $1 hold em to clear those bonuses quickly. Plus have these people tried casino whoring? Have they bonus whored at every site?

I highly doubt they have, but that really isn't my point.
What IS my point is that anyone who is good enough to be backed up to the 50 dollar level(who can beat the 50s for a good amount) should be able to use a combo of bonus whoring and 4-8 tabling the 10s to get their own stake at such a low level.

This is why it makes sense to stake higher stakes players, the amount of money is not so trivially easy for them to get.

So to all you newbs reading this, don't look for a backer, its not the way to go. Do some work and you can easily roll yourself for the 20s+

Re: Anybody want a loan?
 

Easily, I am living proof.

Re: Anybody want a loan?
 

Hows this for a backing deal.

If your gonna do sit n go's do the Party Steps.

Backer offers Player X say $500 bankroll.
Bankroll can only be used for entry into PP Step 1(Single Table) 11+1 Tourneys with the given intention of working up to Step 5 and placing in the money.
1st Place paying $4500
2nd Place paying $2500
3rd Place paying $1800
4th place paying $1200

Backer is owed 70% of all Winnings and Player X recieves 30% of all winnings unless Player decides to buy out of deal which requires Player X to pay Original Bankroll times two.
Bankroll must be re-paid in one lumpsome. If Player X loses entire bankroll prior to winning any money, the player and said deal is over.

Now the steps are set-up like so
THE SINGLE-TABLE STEPS:

There are 5 STEPS to the top where $4500 awaits the winner.

Each tournament is limited to 10 players. The first ranks get a freeroll to the next step. If you do not quite make it into the top ranks, you might get the chance to try again on the same level, or you will be looped back to a previous step. If you fail to make it, you drop out and have to start again from the beginning. The detailed structure is as follows:

Step 1
1st Place pays-Entry into Step 2
2nd Place pays-Entry into Step 2

Step 2
1st Place pays-Entry into Step 3
2nd Place pays-Entry into Step 3
3rd Place pays-Entry into Step 2
4th Place pays-Entry into Step 1 and $3

Step 3
1st Place pays-Entry into Step 4
2nd Place pays-Entry into Step 4
3rd Place pays-Entry into Step 3
4th Place pays-Entry into Step 2
5th Place pays-Entry into Step 2
6th Place pays-Entry into Step 2
7th Place pays-Entry into Step 2
8th Place pays-Entry into Step 1 and $3

Step 4
1st Place pays-Entry into Step 5
2nd Place pays-Entry into Step 5
3rd Place pays-Entry into Step 5
4th Place pays-Entry into Step 5
5th Place pays-Entry into Step 4
6th Place pays-Entry into Step 2
7th Place pays-Entry into Step 2
8th Place pays-Entry into Step 2
9th Place pays-Entry into Step1 and $8

Step 5
1st Place pays-$4500
2nd Place pays-$2500
3rd Place pays-$1800
4th Place pays-$1200

Backer gets 70% of all winings from Step 5, Player gets 30%.
Deal is over once Backer is paid back original bankroll two fold or player X loses entire bankroll(again can only be used for $11+1 sit n go's).

Now obviously you wouldn't want someone who would be lazy and just go stupid in the $11+1 Step 1's by raising all in 20/20 hands etc.

But it seems like a good deal both ways for someone that is even somewhat skilled at sit n go's but doesn't want to invest the money to play a ton of them.

If you won 1st place once prior to busting entire $500 bankroll thats a profit of $3150 for the backer and $1350 for the player.
Not sure anymore than $500 is neccessary given that once you reach Level 3 its almost impossible to get completly busted out and lose the original $12 investment.


Any thoughts on this...imagine if you had say 5-10 solid sit n go players hitting the money...nice chunk of change for the backer.

Anyways...night guys.

Re: Anybody want a loan?
 

[ QUOTE ]
Hows this for a backing deal.

If your gonna do sit n go's do the Party Steps.

Backer offers Player X say $500 bankroll.
Bankroll can only be used for entry into PP Step 1(Single Table) 11+1 Tourneys with the given intention of working up to Step 5 and placing in the money.
1st Place paying $4500
2nd Place paying $2500
3rd Place paying $1800
4th place paying $1200

Backer is owed 70% of all Winnings and Player X recieves 30% of all winnings unless Player decides to buy out of deal which requires Player X to pay Original Bankroll times two.
Bankroll must be re-paid in one lumpsome. If Player X loses entire bankroll prior to winning any money, the player and said deal is over.

Now the steps are set-up like so
THE SINGLE-TABLE STEPS:

There are 5 STEPS to the top where $4500 awaits the winner.

Each tournament is limited to 10 players. The first ranks get a freeroll to the next step. If you do not quite make it into the top ranks, you might get the chance to try again on the same level, or you will be looped back to a previous step. If you fail to make it, you drop out and have to start again from the beginning. The detailed structure is as follows:

Step 1
1st Place pays-Entry into Step 2
2nd Place pays-Entry into Step 2

Step 2
1st Place pays-Entry into Step 3
2nd Place pays-Entry into Step 3
3rd Place pays-Entry into Step 2
4th Place pays-Entry into Step 1 and $3

Step 3
1st Place pays-Entry into Step 4
2nd Place pays-Entry into Step 4
3rd Place pays-Entry into Step 3
4th Place pays-Entry into Step 2
5th Place pays-Entry into Step 2
6th Place pays-Entry into Step 2
7th Place pays-Entry into Step 2
8th Place pays-Entry into Step 1 and $3

Step 4
1st Place pays-Entry into Step 5
2nd Place pays-Entry into Step 5
3rd Place pays-Entry into Step 5
4th Place pays-Entry into Step 5
5th Place pays-Entry into Step 4
6th Place pays-Entry into Step 2
7th Place pays-Entry into Step 2
8th Place pays-Entry into Step 2
9th Place pays-Entry into Step1 and $8

Step 5
1st Place pays-$4500
2nd Place pays-$2500
3rd Place pays-$1800
4th Place pays-$1200

Backer gets 70% of all winings from Step 5, Player gets 30%.
Deal is over once Backer is paid back original bankroll two fold or player X loses entire bankroll(again can only be used for $11+1 sit n go's).

Now obviously you wouldn't want someone who would be lazy and just go stupid in the $11+1 Step 1's by raising all in 20/20 hands etc.

But it seems like a good deal both ways for someone that is even somewhat skilled at sit n go's but doesn't want to invest the money to play a ton of them.

If you won 1st place once prior to busting entire $500 bankroll thats a profit of $3150 for the backer and $1350 for the player.
Not sure anymore than $500 is neccessary given that once you reach Level 3 its almost impossible to get completly busted out and lose the original $12 investment.


Any thoughts on this...imagine if you had say 5-10 solid sit n go players hitting the money...nice chunk of change for the backer.

Anyways...night guys.

[/ QUOTE ]

it looks like you put a lot of thought into this so I'll try not to be harsh.

This idea is really bad for several reasons. If you want me to elaborate I will, but I shouldnt have to.

Re: Anybody want a loan?
 

Shoot away...
again I'de prefer the player side over the backer side was thinking of this when the Steps came out but I have come in 4th and 2nd on level 5 so probally don't need it anymore...though I'de probally still take it to be honest.

Re: Anybody want a loan?
 

hey ryan, guess what, im 18, my parents give me nothing, i pay for my apartment, car, insurance, food and tuition, which is nothing cuz i am on scholarship. i built my bankroll up myself, by learning and reading and playing a lot. amazing what that will do for ya. hmm, interesting how i dont need a backer to 8 table the 109s. maybe a little hard work will get you farther, who knows? holla

Re: Anybody want a loan?
 

who needs a job when there are FIIIIISH swimming at my tables? BWAHAHAHAHAH. holla

Re: Anybody want a loan?
 

I have deciced not to do this, sorry for wasting everyones time.

Re: Anybody want a loan?
 

i think that is a good decision unless you personally know the people. holla

Re: Anybody want a loan?
 

Lots of people built up their bankroll on here through hard work,reading,etc blah blah blah...lots of people also lost their bankroll thru hardwork, reading,etc..cept they don't bother to post it.
The money is not the issue..especially as long as Law and Order is being re-run on multiple channels.

The idea is based... in part ...thought of it while reading all the post in terms of Gaucho,Irie etc.

Apartment..los angeles say $1000-$1500 a month thats say $12,000 a year..food say $500-1000 a month...thats say $8000 a year...Car..if its nice say $35,000...if its ok say $22,000...if its really nice say $50,000. So thats around 45,000 to 55,000 a year playing poker...thats pretty impressive...but I could never play limit poker that much...it would be too boring for me.
but to each his own.

Re: Anybody want a loan?
 

well, i live in dallas, and my apartment has a roomate, and its around 500 a month each, food i dont really know how much i spend but i like eating, so ill go with the 1k a month. as for the car? where the hell do u figure those insane numbers, lol. i bought a used explorer for 8k, insurance is like 3k a year cuz im young. im 18, and i can pay all that EASY. i already payed off my car so figure 20k max for expenses. books for school are expensive as hell tho, add another 1k a year for that.

i dont know whats so hard about it. i could make that playing 10+1s. if you actually try to succeed its not that hard. really. i know this from experience. holla

Re: Anybody want a loan?
 

you could make 55k playing 10+1's...somehow i find that hard to believe. Even to make 25k you'de have to play tons of sit n go's...a year in prison would be more exciting than that. It would make more sense to play the step system instead of just straight up 10+1 sit n go's.
I bought a new Lexus so obviously I would pay less for a used car...$500 bucks a month...aghhh how nice that must be.

Re: Anybody want a loan?
 

sigh, you didnt read my post. why didnt you read my post. i said 20k. 20k. my expenses are not like yours apparently. i dont have to pay a bajillion dollars a year for everything. i live easy. and yes, i could make 20k playing 10+1s. and as for playing tons of sngs, you would be hard pressed to find someone that plays more than me. holla

Re: Anybody want a loan?
 

Wow, only 18 and already 8 tabling the $109s?? very impressive!! How long ago did you start poker and how long ago did you start playing Party SnGs?

Also how many games did you play and what was your ROI approx at each level before you moved up?

Congrats on the progress!! [img]/images/graemlins/cool.gif[/img]