i want to start my own company. who's in?

[mk 11]

this is just me thinking out loud, but i wouldn't be surprised if people have already tried this. i want to start my own company where i hire poker players to sit in an office and play online poker in a communal environment, much like a trading desk. they will be bankrolled through the company and will see a share of their profits, just like traders. poker is capital intensive, just like securities trading, so having a large, liquid, corporate bankroll would benefit all the players. also, they would get the feeling of camaraderie and not feel like social outcasts or hermits. think of it as a poker hedge fund.let's raise some money from investors and start an FCP office.

[dna4ever 2]

Rock on, count me in, I have to make more then $75,000/year or the wife wont go for it. Let me know when you got the details worked out. Hope being a good poker player isnt a question on the employment app *fingers crossed*

[Socrates 0]

Rock on, count me in, I have to make more then $75,000/year or the wife wont go for it.  Let me know when you got the details worked out.  Hope being a good poker player isnt a question on the employment app *fingers crossed*

Post your completed business plan and we'll all discuss.

[Royal_Tour 0]

this is just me thinking out loud, but i wouldn't be surprised if people have already tried this. i want to start my own company where i hire poker players to sit in an office and play online poker in a communal environment, much like a trading desk. they will be bankrolled through the company and will see a share of their profits, just like traders. poker is capital intensive, just like securities trading, so having a large, liquid, corporate bankroll would benefit all the players. also, they would get the feeling of camaraderie and not feel like social outcasts or hermits. think of it as a poker hedge fund.let's raise some money from investors and start an FCP office.

I've already attempted this.My first attempt failed because of non-winning players.2nd attempt is a bit more subtle, simply someone sharing my account with me while i'm not playing, and he racks in hours. on my BR, but he is a good winning player.Much like the MIT crew who counted cards at black jack, you could set up an elite crew.I think there is a group of Russians who do this.. maybe sweds., correct me if i'm wrong.But this is not uncomon.

[Ole PK 0]

Post your completed business plan and we'll all discuss.

agreedYou've just described my dream job.

[Suited_Up 2]

Make sure you do it in Chicago and I'll think about it, lol.

[missIdaho 1]

Post your completed business plan and we'll all discuss.

agreedYou've just described my dream job.

I think this is everybody's dream job.

[wizzle 0]

Make sure you do it in Chicago and I'll think about it, lol.

ditto that, boy would it be nice to be able to leave the house once in awhile to play poker

[Tonka34 0]

Where the job at?

[TruePoker 1]

stupid idea, any good poker would rather play for themselves, any bad poker player would be a poor investment.

[Spademan 94]

It's well known that poker players who play for a living do it because they want to work 9 to 5 in an office.

[dna4ever 2]

stupid idea, any good poker would rather play for themselves, any bad poker player would be a poor investment.

your crazyThis is about the same as being staked which happens all the time but adds the collective benefit of a group whom if are winning poker players will keep variance to a minimum.

[speedz99 145]

It's well known that poker players who play for a living do it because they want to work 9 to 5 in an office.

[Royal_Tour 0]

stupid idea, any good poker would rather play for themselves, any bad poker player would be a poor investment.

"uaahh" *buzzer sound*wrong. Not everyone can afford a decent roll to make decent cash, some good players will go unoticed because they cant afford to take a stab at full time playing.Bad poker players, well of course i agree with you, but 5 good players together who cant afford high limits, all in on the same roll could be very profitable.

[Royal_Tour 0]

It's well known that poker players who play for a living do it because they want to work 9 to 5 in an office.

ya. some truth.but lets be honest, i'd play poker 9-5 in a office, just because i was playing poker.regardless if i'm up at noon and play till the AM, or i'm up early and playing 9-5 its stil somethingi would love to make a living at

[Ole PK 0]

stupid idea, any good poker would rather play for themselves, any bad poker player would be a poor investment.

What about good poker players who are too poor to form a serious bankroll?There are lots of prop trading firms around... and you could say any good day trader would rather trade for themselves... It'd be the opportunity to work with a large bankroll that would be enticing. But yeah, there'd be alot of turnover... good players would split and work solo, bad players would get fired.

[dna4ever 2]

"uaahh" *buzzer sound*

I have a pretty good imagination and I couldnt quite get uaahh to turn into a buzzer sound. I kept imaging a guy with the dry heaves or throwing up or something. Use this next time ...http://www.frenchspot.com/Sounds/buzzer.wav

[TruePoker 1]

If there is the opportunity to fire players with no strings, then it would be a good idea. Maybe even a kinda training induction that they need to pass before they are allowed to play for real.I would be up for play 20 / 40 on someone else's roll taking home 50% profit, but taking home no loss.

[Royal_Tour 0]

"uaahh" *buzzer sound*

I have a pretty good imagination and I couldnt quite get uaahh to turn into a buzzer sound. I kept imaging a guy with the dry heaves or throwing up or something. Use this next time ...http://www.frenchspot.com/Sounds/buzzer.wav

damn it you're rightit does come out like a dry heave.I suck at sound typing.

[keith crime 8]

i agree the difficulty here would be how to deal with the biggest winnersany group is thinking that pooling their resources means hedging the odds of losing due to luck but convincing the big winner to cover the big loser is difficult the payback is getting to trade with more capital but at some point if the big winner is making enough he'll go off on his own unless he can't deal with the stress of playing with his own moneyi think its do able but evaluating someone's online abilities might be difficulti'd guess that having a team of quality players in a big tourney could lead to a big payoff at some point - but again how does the guy who wins deal with sharing with 4 or 5 other guys who didnt cashgoing in everyone is excited to have a piece of the others but you have to wonder how the winner feels afterwards unless he's a pretty mature dude

[Ole PK 0]

I suck at sound typing.

onomatopoeiaThe formation or use of words such as buzz or murmur that imitate the sounds associated with the objects or actions they refer to.ein?

[Royal_Tour 0]

I suck at sound typing.

onomatopoeiaThe formation or use of words such as buzz or murmur that imitate the sounds associated with the objects or actions they refer to.ein?

Take your 3rd post and shove it up your ass.. all up in you ass.P.S.. my sister likes you.

[keith crime 8]

the more i think about it - i think the capital could be raised pretty easily the question i have is the legality - no one has been busted for online play but if you tried a formal business i wonder

[mk 11]

i agree the difficulty here would be how to deal with the biggest winners

each player would be independent, i.e. a winner would not be covering a loser's loss. the loss would be taken by the investors. and as each player proves more and more profitable, they get a larger share of their profits.say they start at 30% (which is generous, considering they are putting up 0% of the money). after they make $100k, for instance, their draw goes up to 35%. then once they hit $500k, their draw goes up to 40%, and perhaps they're offered a stake in the firm (a partnership).TruePoker wrote:

stupid idea, any good poker would rather play for themselves, any bad poker player would be a poor investment.

but not all good players have capital. imagine a player who is beating $3/6 for 3bb/hr. i want to let that player work his way up quicker, and eventually play $100/200.it's exactly like trading. you can sit at home and trade stocks with $2k in a scottrade account. you can even trade on margin a little with that much. but you can't really make money. the capital requirements are just too large. if you could swing $100k per trade, you could make real money. this would be just like that.

[mk 11]

the more i think about it - i think the capital could be raised pretty easily the question i have is the legality - no one has been busted for online play but if you tried a formal business i wonder

the congressional ruling is still pending. if they rule that it's legal to play online poker in the U.S., i don't think incorporating a business will be that difficult.