Saturday, 6 November 2010

Backing Decisions

I recently made a decision to seek out a backer. The main reason for this is that after paying off my loan my roll is running low for the stakes I want to play and I need most of it for future living expenses anyways.

The first thing I did was post on the NPF a thread asking for peoples advice where to look for staking. 5 different people showed an interest in staking me almost immeadiately, this wasn't why I made the thread but was a welcome bonus.

Out of the 5 people interested I recieved 2 firm offers and chose to go with the best of these. This offer was a roll of $1.5k to play $22f's and below as well as $5r's and below. The backer asked for a 50/50 split of profits and I agreed.

I am very happy with this deal. I did seek to set up a second deal with another backer on Full Tilt but the best offer I recieved was $500 and 60/40 in backers favour. Upon some thought I decided to stick with one backer on Stars and use the last of my roll on Full Tilt.

I did want to switch to being backed in 100% of my games so I could use the remainder of my roll as a cushion to live on for a while incase varience doesn't swing my way. However the deal I was offered was exclusively on Stars and therefore I would need another on Full Tilt. I may yet look into this but in the meantime I will make a compromise.

No comments:

Post a Comment