Buddy System and Building a Bankroll:
Ok, so a buddy of mine and I have decided to try out a buddy system to help cushion a loss or to better allow us to play in bigger games without the risk of losing a full bankroll. Our goal is to better maintain a bankroll or travel to a bigger casino for bigger games or the occassional big buy in tournament.
As far as game of choice goes, my partner and I prefer a cash game setting. The way our buddy system works is to split winnings and minimize loss in both cash games and tournaments in regards to buy ins. If we are playing a cash game with a buy in of $300, and we are to minimize loss and split winnings we keep each other at 100%. What this means is, lets say that we both play the $300, $5-$5 game at the boat....I'm up $600 and my partner is down $150. Well, to maintain that and allow for the split to be fair or correct for a lack of a better word is this, the split of $600 is obviously $300, and my partner is down $150. So his remaining buy in to this game is completed back to $300 and his net would be $150, and mine would be $300.
Now I know what you are thinking. You are screwing yourself out of $300. I know it seems that way, but what if I have a bad night and only have $100 of my $300 buy in left....But my partner is up $2000. Well half is $1000, I have to complete $200 more to make my buy in back. So he gives me $800 of the $2000 and keeps $1200 for himself. Now in an ideal world of loser/winner situation this is only a trial period for this method. We will probably lean towards just completing the buy in of the loser and that is that.
Tournaments are a completely different situation. I will use this weekends win/loss as an example. Joe, my partner, and I found a house game this past weekend. Pretty sweet, $20 buy-in, about twenty people or so in the game, and top three get paid. I have to cover Joe's buy in because he changed banks and his new debit isn't activated, so I pay the $40 for the both of us. Note that this is house game with a bunch of WSOP/WPT watchers, so they are gay for tournaments. Also not that the tournament setup is Deep Stack poker with over aggressive fish. Sweet right, all you have to do is sit back and wait. Joe is straight cash game player, he doesn't have much patience for tournaments, so he gets knocked out just before the final table which I kind of expected but I figured I was doubling my money for a chance to win some money.
Here's the specifics to our deal:
*I staked us both for $40.
*Myself and the 3rd place guy chopped to maximize the coinflip situation that we got stuck with against the chipleader.
*The chop gives me $70.
*Joe owes me his buy in of $20, and I get to repay my buy in before our split.
*With my buy in back I get that we split $50 of the $70.
*So the split is $25 a piece, for the both of us.
*Joe owes me $20 for his buy in.
*He earns $5 for getting knocked out of a tournament and I earned $25 after my buy-in is paid back to me.
While this isn't the ideal situation for maximizing income, it does minimize loss. This will allow for us to better grow as players. I do believe we will lean towards just covering eachothers buy ins only, but we want to trial and error the splitting winnings thing. So hopefully we can figure out an ethical way to do this and make it work.
He bought me a soda,
Trae
Ok, so a buddy of mine and I have decided to try out a buddy system to help cushion a loss or to better allow us to play in bigger games without the risk of losing a full bankroll. Our goal is to better maintain a bankroll or travel to a bigger casino for bigger games or the occassional big buy in tournament.
As far as game of choice goes, my partner and I prefer a cash game setting. The way our buddy system works is to split winnings and minimize loss in both cash games and tournaments in regards to buy ins. If we are playing a cash game with a buy in of $300, and we are to minimize loss and split winnings we keep each other at 100%. What this means is, lets say that we both play the $300, $5-$5 game at the boat....I'm up $600 and my partner is down $150. Well, to maintain that and allow for the split to be fair or correct for a lack of a better word is this, the split of $600 is obviously $300, and my partner is down $150. So his remaining buy in to this game is completed back to $300 and his net would be $150, and mine would be $300.
Now I know what you are thinking. You are screwing yourself out of $300. I know it seems that way, but what if I have a bad night and only have $100 of my $300 buy in left....But my partner is up $2000. Well half is $1000, I have to complete $200 more to make my buy in back. So he gives me $800 of the $2000 and keeps $1200 for himself. Now in an ideal world of loser/winner situation this is only a trial period for this method. We will probably lean towards just completing the buy in of the loser and that is that.
Tournaments are a completely different situation. I will use this weekends win/loss as an example. Joe, my partner, and I found a house game this past weekend. Pretty sweet, $20 buy-in, about twenty people or so in the game, and top three get paid. I have to cover Joe's buy in because he changed banks and his new debit isn't activated, so I pay the $40 for the both of us. Note that this is house game with a bunch of WSOP/WPT watchers, so they are gay for tournaments. Also not that the tournament setup is Deep Stack poker with over aggressive fish. Sweet right, all you have to do is sit back and wait. Joe is straight cash game player, he doesn't have much patience for tournaments, so he gets knocked out just before the final table which I kind of expected but I figured I was doubling my money for a chance to win some money.
Here's the specifics to our deal:
*I staked us both for $40.
*Myself and the 3rd place guy chopped to maximize the coinflip situation that we got stuck with against the chipleader.
*The chop gives me $70.
*Joe owes me his buy in of $20, and I get to repay my buy in before our split.
*With my buy in back I get that we split $50 of the $70.
*So the split is $25 a piece, for the both of us.
*Joe owes me $20 for his buy in.
*He earns $5 for getting knocked out of a tournament and I earned $25 after my buy-in is paid back to me.
While this isn't the ideal situation for maximizing income, it does minimize loss. This will allow for us to better grow as players. I do believe we will lean towards just covering eachothers buy ins only, but we want to trial and error the splitting winnings thing. So hopefully we can figure out an ethical way to do this and make it work.
He bought me a soda,
Trae
posted by Trae3ab at 4:25 AM
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