Re: is this a wise investment?
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I've built up a pretty nice bankroll through bonus whoring and a good run at the SNGs. I tell my friends about how easy bonus whoring is, and they want to do it, but just aren't willing to risk the start up money.
My plan is to simply back them with the standard deal: split the winnings 50-50, if they lose it's on me. I'll back them for any of the Party skin sign up bonuses, and the deal ends as soon as they clear the bonus.
These are smart guys, UCLA science students, and I trust them. They have a good amount of home game experience, and have watched some WSOP and WPT stuff, so they aren't complete novices. I will require them to read GSIH and SSH before they start playing. Before they finish clearing the bonus, they must post ten (or some other number) hands they weren't sure about on this forum, and read the responses. They will play 1-2 limit holdem, no more than two tables at a time. No alcohol while playing.
My guess is that after reading those two books and talking to me about them, they will be slightly better than break even players. Combined with the huge overlay of clearing the bonuses, this seems like a good investment for me. I'm also hoping that they will catch the poker bug, so I'll have some more people to talk strategy with.
What do you think?
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A better deal would be to have them sign up, use you as a reference, then YOU play their bonus for them and take your money+winnings, leaving them an account with their initial deposit + half the bonus.
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