Looking for Backers
Gregory Raymer
of posting about poker on the internet, here and at 2+2. Of course, anyone
is invited to participate, but I don't really expect to hear from anybody
who doesn't already know me pretty well.
Unfortunately, I find that my bankroll has gotten pretty slim. Although I
earn a nice living as an attorney, the deal I made with my wife a few years
ago specifies that the only money I can play poker with is money won playing
poker. So, my bankroll only grows through poker wins, and shrinks through
poker losses and expenditures. I have won a good bit of money each year for
the last few years, but have spent too much of it (house downpayment, "real"
wedding ring for wife, family vacation to Disneyworld, etc.).
Before going to the World Series this year, my bankroll was at about
$45,000. I decided not to hold back at all, and that I was going to play in
the last few events with or without satellite wins. Thus, I brought $15,000
for tourneys and another $15,000 for satellites and side games. The trip
was a disaster beginning to end, with numerous bad beats and other such
stories I won't bore you with (if you're really interested in the details,
please see the trip report posted on rgp and 2+2). Since coming home from
that trip, I've largely limited my play to the Tuesday night NL HE tourneys
at Foxwoods, some PL HE after the tourney, plus the occasional foray into
the 50-100 HOE game at Mohegan Sun when it looks especially good. However,
since the WSOP ended, I've not managed to make any headway, and still have a
bankroll of only about $15,000.
So now the World Poker Finals is approaching. And I want to compete in
their main event, which is priced at $10,000 this year. I would also like
to play regularly in the 50-100 HOE game, as it is good much more often than
not. However, $15,000 really isn't enough for this, and if I were to go
broke, I would not have the bankroll to play at all, unless I convinced my
wife to let me withdraw funds from other sources. And, as you can imagine,
I would rather win it.
So, I've decided to see if there is enough interest in backing me to go this
route. What I propose to do is solicit investments in units of $500., with
the goal of raising $40-50,000. Of this amount, I would contribute $10,000,
and the other investors would provide the remaining 30-40K. I would then
use this bankroll to stake my poker play for the remainder of 2002. I would
use this money for gambling at poker, but not for any other form of
gambling, and I would use it at my best discretion within the realm of
poker. At a minimum, I expect to use the bankroll to participate in 6-10
events at the World Poker Finals, to play almost every Tuesday in the
Foxwoods NL HE tourney, and to play 1-2 times per week in the 50-100 HOE
game at Mohegan Sun. Assuming the bankroll is still healthy, I would also
expect to participate in 4 or more events at the U.S. Poker Championships in
Atlantic City.
At the end of the year, if the bankroll had lost money, then each investor
would sustain that loss in proportion to their investment. Thus, if the
total bankroll was $50,000, and you had invested $500, you would sustain 1%
of the total loss. If the total loss were $20,000, you would sustain a loss
of $200, and the remaining $300 would be returned to you. If we broke even,
everyone would get their investment returned 100%. But, in the best case,
where we make a profit, it works like this. The original investment is
returned first. Next, the profit is divided as follows: 35% to me for time
and effort, and 65% to each investor in proportion to their investment.
Thus, if the total bankroll were $50,000, and you had invested $500, you
would gain 0.65% of the profit. If the total win were $20,000, you would
get your $500 back, plus 1% of $13,000 (the investor's share of the profits)
or $130.
If we do really well, I will win the $10,000 main event at the World Poker
Finals, and each $500 investment will return as much as a $3,000 profit
(plus have a share of me in the $25,000 entry fee main event of the World
Poker Tour, since this seat would come with winning the WPF main event). If
I do about as expected in the 50-100 HOE game for the rest of the year, and
do nothing special in the tournaments, each investment will probably about
break even. If all goes poorly, then your entire investment may be lost.
That is an important consideration. If the investment you make is too much
risk for you, your bankroll, or your temperament, then please do not make
it. Making this investment will tie up your money for the rest of the year,
and early withdrawals will not be allowed unless I and all the other
investors were to agree (not too likely). This is a very high-risk
investment, with the potential for an exceptional return, but also the
potential for a complete loss. Based upon my past results in the big mixed
games around here, I would expect an average profit in the 50-100 HOE game
of between about 10 and 15,000 for the rest of the year (given a play time
of about 10 hours per week). But, as we all know, there is a big luck
factor involved, and anything is possible. It is also possible that the
game will die or go bad (meaning I would choose not to play in it), and the
opportunity to play in bigger games locally will not exist. In such a
situation, your money would be tied up in games at the 20-40 level or
thereabouts, where the potential profit (and loss) is not as great. Still,
at a minimum, you would be buying a piece of my play in many major poker
tournaments at Foxwoods and the Taj, and the overall potential for
significant profits would remain.
If you seriously wish to make an investment, please contact me by email. If
enough people want to do this, I will contact all of you with information
about sending me your investment money, and we will begin the playing
period. Please also feel free to email me with your questions, which I will
gladly answer.
This being posted in a public forum, I am sure there will be many sarcastic
comments and the like. I can't stop you from making them, but I can and
will ignore them. If you don't like this investment, then don't make it.
It's that simple.
Thanks for taking the time to read all this.
Later, Greg Raymer (FossilMan)
1-900-Gambler
If your're not playing good enough to earn your entry into the main
event......you're not playing well enough to finish in the money.
Gregory Raymer <ray...@worldnet.att.net> wrote in message
news:bbJe9.18052$jG2.1...@bgtnsc05-news.ops.worldnet.att.net...
RoamDog
this week I definitely needed the humor).
Jeffrey S. Biship
If I had a spare $500 lying around, I'd send it, based on the advice
you've given (to me an others) on the two forums. As of right now, I
don't, so all I can send are my best wishes.
I have a question, though. It's not really my business, but since you
posted first, I'm gonna ask:
On Sep 8 2002 9:31AM, Gregory Raymer wrote:
> Unfortunately, I find that my bankroll has gotten pretty slim. Although I
> earn a nice living as an attorney, the deal I made with my wife a few years
> ago specifies that the only money I can play poker with is money won playing
> poker. So, my bankroll only grows through poker wins, and shrinks through
> poker losses and expenditures. I have won a good bit of money each year for
> the last few years, but have spent too much of it (house downpayment, "real"
> wedding ring for wife, family vacation to Disneyworld, etc.).
I have an ex-wife, so I'm not totally insensible to the difficulties
involved in maintaining a happy spouse, but isn't this arrangement unfair
to you? What are you doing spending your bankroll? It seems unreasonable
(excepting family emergencies) that you should be expected to spend your
poker bankroll, but are not allowed to replenish it, even from money
YOU'VE earned.
This is why I don't plan on getting married again. :)
Jeff
PS Like I said, it's none of my business, but I'm always fascinated by
these spousal situations, and would welcome your take on it.
_________________________________________________________________
Posted using RecPoker.com - http://www.recpoker.com
Gregory Raymer
the more often she WANTS me to go and play poker, so I can win more and
spend more on her and the family. So, the more I spend, the more I can
play.
The problem was, I spent too much, and then decided to go for the WSOP main
event with or without winning a satellite. The WSOP is very expensive when
you're having a bad trip.
Thanks for the kind thoughts. Fortunately, the negative stuff so far is
only coming from people who don't know me (or at least, I sure don't know
them by the name they're using to post).
Later, Greg Raymer (FossilMan)
Jeffrey S. Biship <JSBi...@msn.com> wrote in message
news:3d7bb553$0$23622$9a6e...@news.newshosting.com...
Graham Ribchester
Good luck to the fossil.
Ribs
"Jeffrey S. Biship" <JSBi...@msn.com> wrote in message
news:3d7bb553$0$23622$9a6e...@news.newshosting.com...
paul...@sbcglobal.net
<ray...@worldnet.att.net> wrote:
=======================================
I assume you wrote this as humor. If not:
1) Lets see, you are a really good poker player, but your
bankroll is slim...............
2) Lets see, you are an attorney, but your wife got the better
of you in her "deal".
OK Greg, next time I need a "poker player with a slim b/r" or
an attorney whose wife got the better of him....I will call you.
======================================
Paul Reed
Gregory Raymer
It's funny, and it's not nasty at all.
Some folks should read and learn.
Later, Greg Raymer (FossilMan)
<paul...@sbcglobal.net> wrote in message
news:3d7bd71e...@news.houston.sbcglobal.net...
Larry W. (Wayno) Phillips
>The problem was, I spent too much, and then decided to go for the WSOP main
>event with or without winning a satellite.
Not that we don't all have our bad beats, but that was really an
ugly spud you went out on in the main event. It was a Tony D special,
if memory serves.
Best,
Wayno
tino
Lawyers.........shoooosh! (-%
tino
~~~ Big, butt Intimate, Community ~~~
BillM
But Greg's a good player & writer, and if I had the jack I'd send him
the whole 50K. His initial post is likely one of most educational
ones to ever be written.
Larr...@charter.net (Larry W. (Wayno) Phillips) wrote in message news:<3d7bf412...@news.cis.dfn.de>...
Jan Fisher
ugly posters. We, who take RGP seriously, know that your intentions are
honorable and that you are a good investment. Best of luck!
Jan Fisher
Card Player Cruises
http://www.cardplayercruises.com/
Akela
I have three comments to make in general to the respondents:
1) He is not joking, this is 100% serious.
2) For 99.99% of the people I've seen posting here over the last 3
years you have a much better shot sending your $500 to him than
playing it yourselves.
3) I'm in.
Akela
"Gregory Raymer" <ray...@worldnet.att.net> wrote in message news:<bbJe9.18052$jG2.1...@bgtnsc05-news.ops.worldnet.att.net>...
RMITCHCOLL
>
>I have three comments to make in general to the respondents:
>
>1) He is not joking, this is 100% serious.
>2) For 99.99% of the people I've seen posting here over the last 3
>years you have a much better shot sending your $500 to him than
>playing it yourselves.
>3) I'm in.
If I had $500 free to invest in a person, I would also be "in". From what I
know about Greg from people who know him well, this is a good investment. I did
meet him once in Vegas and helped arrange for him to buy a seat from my brother
during the WCOOP.
Good Luck to Greg and the investors.
Randy Collack
Marge registration is now open at http://www.conjelco.com/marge.html
Grand Casino-Biloxi, MS
October 31st-November 2nd
mailing list at http://www.conjelco.com/mailman/listinfo/marge
Nick Johnston
for Greg/investors is considered good? I honestly have no idea.
Ed Barrett
money invested. Let's say he wins the hypothetical $20,000 that he suggests
in his post. Each of the backers will get $635 x 99 = $62,865 out of a
$70,000 pool. This leaves Greg with 70,000-62,865 = $7,135 for his $500
investment and his time.
I'm not going to answer the question if it's a good deal; just providing
some 'rithmetic.
"Nick Johnston" <downw...@yahoo.com> wrote in message
news:alisgg$1qs5t8$1...@ID-87155.news.dfncis.de...
Nick Johnston
provide the rest. Not sure how that affects your math?
"Ed Barrett" <EBAR...@satx.rr.com> wrote in message
news:GX6f9.430214$q53.14...@twister.austin.rr.com...
D
take off the top? You say it's for your "time and effort," but frankly most
people have to pay for their entertainment, not get paid for it. You are
asking for backing to do what YOU want to do. You are having the fun of
playing and getting the experience which will help you in the future. And
you are not assuming much of the risk of loss, which is a very real risk.
It boggles my mind why any backers would *give* their horses more than 10%,
or maybe 15-20% for a true WCP.
"Gregory Raymer" <ray...@worldnet.att.net> wrote in message
news:bbJe9.18052$jG2.1...@bgtnsc05-news.ops.worldnet.att.net...
Gregory Raymer
Thanks for the kind words. Again.
Later, Greg Raymer (FossilMan)
Jan Fisher <poke...@aol.comENUFJUNK> wrote in message
news:20020909120935...@mb-md.aol.com...
Gregory Raymer
put significant effort into the game when I play, not just sitting there
watching sports on TV between hands. This is a classic labor-capital type
arrangement, similar to those made in many other fields.
To the best of my knowledge, a common figure for a long-term backing
arrangement is 50% to the backer(s) who have put up all the money, and 50%
to the horse who put no money at risk. I'm asking 35% because the length of
the deal is not a full year.
As to why somebody would pay more than 10 or 15-20%, it's because it can be
a very good investment if the player is truly a winning player. You can
find it commonly expressed that a good tourney player will return about 100%
on the money. Meaning that they will profit by about $100 in a tourney that
costs $100 + vig to enter. If that's the case, then you figure to get a
profit of $80 in a typical $100 + $20 tourney, with the backer getting $40
and the player getting $40 in such a deal. That's a return to the investor
of about 33% in one day.
Again, the only catch is that the backer must only back players who truly
have that big edge over the field. If you don't know me and believe me to
have that edge, you shouldn't back me. But that doesn't mean it isn't a
good investment to back somebody else who is thought to be better.
Later, Greg Raymer (FossilMan)
D <d-w...@attbi.com> wrote in message news:CN8f9.58637$Jo.8881@rwcrnsc53...
Steve Badger
> I don't know you, and no offense is intended, but isn't 35% a HUGE cut to
> take off the top? You say it's for your "time and effort," but frankly
most
> people have to pay for their entertainment, not get paid for it. You are
> asking for backing to do what YOU want to do. You are having the fun of
> playing and getting the experience which will help you in the future. And
> you are not assuming much of the risk of loss, which is a very real risk.
>
> It boggles my mind why any backers would *give* their horses more than
10%,
> or maybe 15-20% for a true WCP.
Poker requires a combination of labor and capital. To think the actual
playing is worth 10% is ridiculous. People are risking time/labor and
money/capital. If a player is awful, both will be lost. If a player has a
positive expectation, the resulting profit should be apportioned
reasonably -- given the relative value of labor versus capital. In a $1
tournament with $100,000 added money, the labor is worth far more. I'll be
glad to put an awful lot of people into such an event and get a lot less
than 90% of the winnings.
In Greg's situation, he's offering a huge amount of work, and a mix of some
conservative use of the money and some more speculative. The capital has
value here and so does the labor. The backers are not *giving* anything,
that is flatly absurd. If the player has a positive expectation, the backer
and the player both risk something of value. If a player's labor has a
negative value, that is different.
--
Steve Badger
http://www.playwinningpoker.com
D
$40 profit on a $120 tournament is a 10x overestimate. Again, you shouldn't
take this as a personal attack, but just a reasonable debate of the actual
economics. I'd appreciate your comments on that post.
"Gregory Raymer" <ray...@worldnet.att.net> wrote in message
news:Pj9f9.5661$1C2.5...@bgtnsc04-news.ops.worldnet.att.net...
D
risk something of value. If a player's labor has a negative value, that is
different.
You're missing the point. The player can have a long-term positive
expectation, while the backer still has a negative short-term expectation.
See my other post ("Backers beware!") for the analysis. I can't wait for
another "flatly absurd" comment from the great Badger, but make sure you
understand the point before you comment on it.
"Steve Badger" <PlayWinningPoker[REMOVE-THIS]@earthlink.net> wrote in
message news:mP9f9.8548$6j2....@tornadotest1.news.pas.earthlink.net...
Steve Badger
> You're missing the point. The player can have a long-term positive
> expectation, while the backer still has a negative short-term expectation.
You missing the point if you see value in the money but refuse to see value
in the labor.
> See my other post ("Backers beware!") for the analysis. I can't wait for
> another "flatly absurd" comment from the great Badger, but make sure you
> understand the point before you comment on it.
If you expect anyone to seriously discuss issues with you, you might want to
not be insulting.
D
to not be insulting
This is a joke, right? I mean, coming from the guy who throws around
phrases like "flatly absurd" and "huh?" in practically every "serious
discussion." This has been observed many, many times in your responses to
various people, some of whom are obviously quite intelligent and have done
nothing to provoke your rudeness.
I am deliberately insulting to you for the same reason that I am very
carefully NOT insulting to Mr. Raymer: I give what I get.
"Steve Badger" <PlayWinningPoker[REMOVE-THIS]@earthlink.net> wrote in
message news:MDcf9.8708$6j2....@tornadotest1.news.pas.earthlink.net...
Steve Badger
> >>>If you expect anyone to seriously discuss issues with you, you might
want
> to not be insulting
> This is a joke, right? I mean, coming from the guy who throws around
> phrases like "flatly absurd" and "huh?" in practically every "serious
> discussion."
You seem to think identifying an idea as absurd is the same as you being
personally insulting! If you honest to God feel that way, I then have to
feel sorry for you.
> This has been observed many, many times in your responses to
> various people, some of whom are obviously quite intelligent and have done
> nothing to provoke your rudeness.
You are welcome to be specific about any case where I behave as you just
did. Aside from Russ, who has shown himself repeatedly to be a bad human
being who preys on the weak and deserves no respect, I can't even imagine
what would motivate someone to make personal attacks on people in a forum
like this. RGP is about poker for heavens sake. The basic issues here are
extremely trivial. If you can't differentiate between disagreeing about how
to play JT with you tossing out personal insults, again, I feel sorry for
you.
> I am deliberately insulting to you for the same reason that I am very
> carefully NOT insulting to Mr. Raymer: I give what I get.
Perhaps you might someday instead give some thought to being a decent
person.
D
"ridiculous" and saying "huh?" (meaning that their point is either
incomprehensible or patently ridiculous) is not insulting, but saying
"you're missing the point" and "you don't understand the point" is a
personal insult. I see. Your logic is above reproach:
Negative FROM Badger = "serious discussion"
Negative TO Badger = "personal attack"
I'll be perfectly non-insulting and say that this outlook is ridiculous and
flatly absurd. I have no doubt that the many others who have been insulted
by your posts will agree.
Thanks for feeling sorry for me, though. That's not insulting at all, and
it means a lot to me coming from a "decent person" like you.
"Steve Badger" <PlayWinningPoker[REMOVE-THIS]@earthlink.net> wrote in
message news:8Ndf9.8728$6j2....@tornadotest1.news.pas.earthlink.net...
Patti Beadles
>I don't know you, and no offense is intended, but isn't 35% a HUGE cut to
>take off the top?
No, in fact it's a bargain for his backers. Most of the backing
arrangements that I'm familiar with are 50/50.
-Patti
--
Patti Beadles |
pat...@gammon.com |
http://www.gammon.com/ | 1991 EX500 (RIP, stolen)
or just yell, "Hey, Patti!" | 2001 Sprint ST ("Booh")
D
backing arrangements you're familiar with? A year? A month? One
tournament? Just curious. It sounds like an exceptionally good deal for
the player.
"Patti Beadles" <pat...@rahul.net> wrote in message
news:alk05k$ic2$1...@samba.rahul.net...
AJohn808
>not be insulting.
>--
>Steve Badger
>http://www.playwinningpoker.com
>
lol
Steve Badger
> Oh, NOW I get it. Calling someone's statements "flatly absurd" and
> "ridiculous" and saying "huh?" (meaning that their point is either
> incomprehensible or patently ridiculous) is not insulting, but saying
> "you're missing the point" and "you don't understand the point" is a
> personal insult. I see. Your logic is above reproach:
>
> Negative FROM Badger = "serious discussion"
> Negative TO Badger = "personal attack"
You said: "I can't wait for another "flatly absurd" comment from the great
Badger, but make sure you
understand the point before you comment on it."
If "the great" wasn't meant as an insult, well fine.
If you seriously don't understand the difference between saying ideas are
wrong or ridiculous, and the making of gratuitous insults, then I hope
you'll be happier not reading my posts.
Ed Barrett
he would receive $9,600 of the profit. The remaining $10,400 would be
shared by the investors at $130 per $500 increment.
"Nick Johnston" <downw...@yahoo.com> wrote in message
news:alj0pq$1qjmue$1...@ID-87155.news.dfncis.de...
Cheran
You are an attorney. I am a software engineer.
Like you I have won quite a bit money playing poker.
And spent them in family vacation, cruises, europe trip etc ..
I also want to compete in the world poker finals.
And as your wife, my wife also doesn't want me to
put saving and salary into poker.
So I wonder whether you would be able to back me
at world poker 10k event with the money you collected
from rgp. I am willing to share 50% of my profits with
you.
by the way Greg, did you pay taxes on your poker winnings of
the last few years? I wonder whether we have to file taxes on
poker winnings spent on home downpayments! May be not needed.
Probably you could post your tax returns on internets with
your poker earnings being highlighted, that way I am sure there
would be lot of backers.
-Chearn
"Gregory Raymer" <ray...@worldnet.att.net> wrote
> Unfortunately, I find that my bankroll has gotten pretty slim. Although I
> earn a nice living as an attorney, the deal I made with my wife a few years
> ago specifies that the only money I can play poker with is money won playing
> poker. So, my bankroll only grows through poker wins, and shrinks through
> poker losses and expenditures. I have won a good bit of money each year for
> the last few years, but have spent too much of it (house downpayment, "real"
> wedding ring for wife, family vacation to Disneyworld, etc.).
>
Craig Permenter
that I have ever seen in my entire life.
tenseven
> I know Gregory. Not well, but I know him.
>
> I have three comments to make in general to the respondents:
>
> 1) He is not joking, this is 100% serious.
> 2) For 99.99% of the people I've seen posting here over the last 3
> years you have a much better shot sending your $500 to him than
> playing it yourselves.
> 3) I'm in.
>
> Akela
>
Mike Mantel
Gregory Raymer
invest any of the money in your play, because I have told my backers that
their money would only be used to back my gambling at poker.
And yes, I have paid my taxes in full every year, reporting all to the IRS.
However, I fell no need to post my tax returns on the internet to prove it.
Later, Greg Raymer (FossilMan)
Cheran <cher...@yahoo.com> wrote in message
news:54e04130.02091...@posting.google.com...
Jaeger T. Cat
news:mief9.213532$kp.7...@rwcrnsc52.ops.asp.att.net:
>
> Negative FROM Badger = "serious discussion"
> Negative TO Badger = "personal attack"
>
Yup, that's the standard deal.
--
Eric J. Holtman (Jaeger T. Cat)
http://www.ericholtman.com
PGP Key: http://www.ericholtman.com/pgp.txt
Niven's Law 1a: Never throw shit at an armed man.
Niven's Law 1b: Never stand next to a man throwing shit at an armed man.
______________________________________________________________________
Posted Via Uncensored-News.Com - Still Only $9.95 - http://www.uncensored-news.com
<><><><><><><> The Worlds Uncensored News Source <><><><><><><><>
Easy E
His initial post is likely one of most educational
> ones to ever be written.
>
Bill, which post are you referring to?
Easy E
>
> This being posted in a public forum, I am sure there will be many sarcastic
> comments and the like. I can't stop you from making them, but I can and
> will ignore them. If you don't like this investment, then don't make it.
> It's that simple.
>
> Thanks for taking the time to read all this.
>
> Later, Greg Raymer (FossilMan)
Greg, if I knew you more directly/personally, I would be very
interested... well, that and my own financial issues preventing such
an investment currently.
You should do a better job ignoring the idiot posters, by the way ;)
Maybe next time, if you do it again, direct emails would be the way to
go- easy enough to cull 60 or so names from the various newsgroups...
If nothing else, I hope to see some progress reports (collecting, game
results) as your experiment progresses... though it really isn't any
business of anyone besides your investors.
I'd be happy to take private emails, which I would swear to burn
afterwards....
Good luck at the tables!
Gregory Raymer
personally, but I wouldn't do it without permission from all the backers,
and I'm not going to go to the trouble of asking them all to OK it. I think
this is a win-win proposition in terms of expectation. I think my
expectation is higher than if I played my smaller bankroll and kept 100% of
the results, and I think my backers will also be in a +EV situation.
For those who are wondering where all this +EV is coming from, it's the
pockets of the players in the bigger games.
Later, Greg Raymer (FossilMan)
Easy E <ezer...@hotmail.com> wrote in message
news:a58db393.02091...@posting.google.com...
mtgcity.com
On Sep 8 2002 10:31AM, Gregory Raymer wrote:
> This post is primarily directed at those who know me through my long history
> of posting about poker on the internet, here and at 2+2. Of course, anyone
> is invited to participate, but I don't really expect to hear from anybody
> who doesn't already know me pretty well.
>
> Unfortunately, I find that my bankroll has gotten pretty slim. Although I
> earn a nice living as an attorney, the deal I made with my wife a few years
> ago specifies that the only money I can play poker with is money won playing
> poker. So, my bankroll only grows through poker wins, and shrinks through
> poker losses and expenditures. I have won a good bit of money each year for
> the last few years, but have spent too much of it (house downpayment, "real"
> wedding ring for wife, family vacation to Disneyworld, etc.).
>
> Before going to the World Series this year, my bankroll was at about
> $45,000. I decided not to hold back at all, and that I was going to play in
> the last few events with or without satellite wins. Thus, I brought $15,000
> for tourneys and another $15,000 for satellites and side games. The trip
> was a disaster beginning to end, with numerous bad beats and other such
> stories I won't bore you with (if you're really interested in the details,
> please see the trip report posted on rgp and 2+2). Since coming home from
> that trip, I've largely limited my play to the Tuesday night NL HE tourneys
> at Foxwoods, some PL HE after the tourney, plus the occasional foray into
> the 50-100 HOE game at Mohegan Sun when it looks especially good. However,
> since the WSOP ended, I've not managed to make any headway, and still have a
> bankroll of only about $15,000.
>
> So now the World Poker Finals is approaching. And I want to compete in
> their main event, which is priced at $10,000 this year. I would also like
> to play regularly in the 50-100 HOE game, as it is good much more often than
> not. However, $15,000 really isn't enough for this, and if I were to go
> broke, I would not have the bankroll to play at all, unless I convinced my
> wife to let me withdraw funds from other sources. And, as you can imagine,
> I would rather win it.
>
> So, I've decided to see if there is enough interest in backing me to go this
> route. What I propose to do is solicit investments in units of $500., with
> the goal of raising $40-50,000. Of this amount, I would contribute $10,000,
> and the other investors would provide the remaining 30-40K. I would then
> This being posted in a public forum, I am sure there will be many sarcastic
> comments and the like. I can't stop you from making them, but I can and
> will ignore them. If you don't like this investment, then don't make it.
> It's that simple.
>
> Thanks for taking the time to read all this.
>
> Later, Greg Raymer (FossilMan)
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