Bankroll Backing

[BradRod]

I have strngthened my game quite abit in recent months. I am now finding myself limited only by a perpetually short bankroll and thought I might seek some financial backing so that I can move my game into a higher gear.

Does anyone know any resource that I can use as a model for such an arrangement ? I am interested in what I should offer as far as profit splitting and risk allocation.

Any interested backer reading this ? Send confidential e-mail to [email protected]

 

[Rob McGarvey]

I would simply carry on in the trenches until you have a sizable roll to work with. I know you want to bet more because you feel confident, but mark my words, don't let that feeling get away on you. There is nothing like singing "I did it myyyyyyyyyyyyy wayyyyyyyyyyyyyy" rather than paying people for backing you. Things can get crazy when you are betting purple. It's like having sex when you are 13. Feels good, but makesya crazy! ;> Better to wait until you are ready.

 

[BradRod]

Rob,

Thank you for your advice As always it is quite sage, sound and appreciated.

It is not for the purpose of betting purple and not only to apply the confidence that I have in my play. Rather it is that I have more that I need to do with both my time and my money at the moment than play such a limited game. I travel a minimum of 3 hours one way to my local casino. I really need to make my playing time more productive. The way that I feel I can improve that productivity is to spread my wagers farther than the Kelly criteria allows me to. A higher bankroll would also give me the ability to play in a wider variety of favorable games. I would gladly pay some portion of my winnings to a trusted person for the facility of doing that. I just do not know what is considered a reasonable split for that type of relationship.

 

[The Mayor]

unlikely

Your post will likely be ignored, sorry to say. In spite of your skills, the way *in* to this is through meeting people gradually face-to-face, making friends, and getting connected.

I do wish you luck, though.

--Mayor

 

[Rob McGarvey]

And I thought I had it bad with a 1 1/2 hour drive! Yes, I agree. There should be something that could make it worth your while. That is how they "get you." The Province I live in can force a casino any place they choose to. I live in the biggest city in Canada and we do not have a casino. Nuts. They figure if you travel that far to play, your drop will be much bigger than if you just drop by after work, and they are right. The entire game changes when you can bet big black stacks. Heat goes up, swings widen, your nerves get whacked, and you can get the old pink slip and 86'd, no matter how mucho peso you can bring to the table. You also have to realize that people that can really back us are not interested in a 1-2% edge, although it is a compound one. I was asked to join a team but offered them my services for $x per hour and they didn't go for it. They want to know that you believe in your own action enough to toss in mid 5 figures. It's a dicey game no matter which way you slice the cheese.

Reminds me of a joke. Two guys are fishing under a bridge. One hooks something really big and pulls it in. One guy says that's one big fish. The guy that hooked it said it looks like a brick of cheese. "Yup, it's natcho cheese." "How the heck do you know what kind of cheese that is without tasting it ya dillywhacker?" "Easy. The guy on the bridge is telling us man!"

"It's natcho cheese! It's natcho cheese!"
translation: it is not your cheese

 

[BradRod]

Re: unlikely

I was thinking more of contacts that I have in real life with relationships already established.

I am mostly interested in something that I can use as a model for the terms that might be used. Are winnings split say 60 - 40 less expenses for example ? Is the money person entitled to the greater share of the winnings ? Take the risk for any losses ? Shared bankrolls. I have seen people write about things like team play and lay out a map to do that. I am looking for something similar for financial backing.

 

[The Mayor]

Re: unlikely

I don't recall where exactly, but there is a model for correct team/backer splits based on playing time, win rate, and the share for backers. This might be in Million Dollar Blackjack, and might appear at BJMath or bj21 in some archive. There is even a spreadsheet already created one can download. This is the model that is used mostly.

Hope this helps.

--Mayor

 

[BradRod]

Yes, Thanx

 

[Adam N. Subtractum]

think its in BJMath archive...

 

[Rob McGarvey]

Blackjack Blueprint: How to............

Blackjack Blueprint: How to Operate a Blackjack Team
by Rick 'Night Train' Blaine

Think of this as everything you need to know about team play that Ken Uston never told you. Rick Blaine has been involved with blackjack teams since 1985. He has played on teams, organized teams, managed teams, and trained team players. He's been on teams that won and teams that failed. If you are considering joining a team, or forming one, read this guide to the nuts and bolts of running a team as a successful business venture.

Anyone even considering joining a team must own Blackjack Blueprint.

45 Pgs, ppb.
Price: $ 39.95

(Dead link: http://rge21.safeshopper.com/3/342.htm?5)

I am sure with a little work, going to the sites the Mayor has mentioned and using the search feature you can get the info you are looking for instead of parting with $45 w shiping and paying $1 a page for similar info.