an opinion on BR

[glovesetc]

needed to fund a team ? I see lots of people wanting to start a team or put one together . What kind of money does it actually take in reality ? I have never seen anyone post the amounts needed or the bare minimums needed or anything like that . TY in advance ! :grin:

 

[RJT]

It all depends on your situation and what you hope to achieve. Obviously $10000 isn't enough to fund a 5 player team as you won't earn enough to make it worth all the players time. But it might be enough to fund a 2 player team who only intend to go to their local casinos.
Also, the further away from a large number of casinos that you live, the larger the bankroll needs to be as you need to be able to cover travel expenses and accomidation.
Your question is not one that has a single answer.

RJT.

 

[glovesetc]

thank you

it was a question out of curiousity more then anything else and the answer you gave me makes me see there is more then 1 answer . :grin:

 

[shadroch]

needed to fund a team ? I see lots of people wanting to start a team or put one together . What kind of money does it actually take in reality ? I have never seen anyone post the amounts needed or the bare minimums needed or anything like that . TY in advance ! :grin:

There is no one answer,but in my case I have a $25,000 investment fund available and want each team member to contribute $5,000 themselves resulting in a $50,000 team BR

 

[glovesetc]

Shad

cool I can see that as it is always nice for the players to have a vested portion in the adventure or the corporation . Stockholders always seem to have a greater interest then those who do not !!!!! I was thinking of putting a team together a while back but I did not have the proper time to devote to it . Now that I am retired I may give it more thought or basically just play with my buddies once a week at the local indian reservation . :grin: Where are you located ? Out west I assume . I am in the ohio area .

 

[shadroch]

No,I live in NYC.I have two people who live in Vegas that are almost ready,and a girl from Long Island,NY that is heads above the rest of us.But her husband is giving her grief about the amount of time that a team might take up.

 

[glovesetc]

Shad

well hope it gets all resolved and her husband gives in . Maybe they do not need the money or their time is worth more to them being together and you can never fault anyone with that philosophy !!!!!!!:grin: Good luckk on the team though and hope you whack a few good !!!!!!

 

[Craps Master]

You're going to need no less than $5,000,000.

 

[RJT]

You're going to need no less than $5,000,000.

I've found a lot of what you've had to say while you've been here interesting CM, but this is nonsense. Hell, for card counting, even the MIT team never had a bankroll that large and they made millions. As it stands it's perfectly feesable to run a team with a far smaller bankroll than you suggest.
Perhaps $50k is a bit too small when you've got to cover the expenses of travelling out to Vegas ect ect, but with a a bankroll of $5M, even being ultra conservative and looking for absolute minimum ROR, your going to have a unit in the $5000 range. You are not going to get away with counting for any length of time at these levels. They are sharp to their high rollers after the 90's where they got beaten for not watching them, now they do. Hell finding tables with high enough limits to really allow you to take advantage of that huge unit is going to be difficult - in a lot places your 2-4 unit bets would be as far as you could go.
I'm not going to comment on hole carding or anything of that nature where you could afford to flat bet a very large ammount - i have no experience with this - but even with techniques other than counting, the size of bets you are talking about is going to attract intense scrutiny.

RJT.

 

[moo321]

I think he was being sarcastic...

 

[glovesetc]

$5,000,000.00 ?????

just give me the 6% interest you can get anywhere and my $300,000.00 per year boils down to $4,800.00 a week for staying in bed or the golf course . No hassles , travel, pressure , or anything . :grin:

 

[Knox]

I think he was being sarcastic...

yeah, LOL. That dude was going off on it too!