Bling--Bling--75
Friday, September 8th, 2006, 10:00 PM
QUOTE (JadeTiger @ Saturday, September 9th, 2006, 5:43 AM)

Royal,
The Ace On The River tip is really a good one. I fell in love with that book because it was the first of its kind and really makes playing winning poker real and not some system that is attainable if applied. The approach is truly revolutionary.
That aside, I think the responsibility falls more so on you than your buddy. You see, you have decided to 'bankroll' him for whatever reason and it seems it is because you want him to improve but dont want him to risk his own money with the potential of going broke. While the idea is, on the surface, a good one, it is fatally flawed. The problem is exactly as you stated; he has no value for the money...because it's not his. I think if you are going to back this guy with hopes of his improvement, you need to set some rules. Some of those should include length of sessions played, a Daily Bankroll Acheivement Limit, and a Daily Bankroll Failure Limit. These will all teach discipline. Discipline is the number one character trait of successful poker players. It seems as if your friend is a bit on the lazy side, which we all can be at times, but when it comes to playing poker, you just cant be lazy AND successful.
From a managment standpoint, and you ARE his manager, you should also have full access to his account with daily withdrawls to another account that you AND he will be tracking. The problem with most undisciplined players is running up a huge hit in a few hours and then see all that money in front of them that makes them think its ok to now sit down 2-3 levels above their skill set. Extracting money on a regular basis will keep him disciplined to play at a certain level and within certain means.
Im not sure what your arrangment is exactly, but it would seem kosher to take a percentage of his winnings since you are backing him. If that is the case make sure you are VERY strict on your cut until you feel he is responsible enough to handle it himself. You are training a horse and it is a business investment. Think of it as such. Otherwise you are just throwing money away and your friend is no better off, in fact he is worse off having received the kind of charity that can only damage his game.
I wish you luck in this endeavor and hope some of the suggestions I've mentioned will be of use.
Good Luck!
That Picture of Jessica Alba is Really Really Hot yo
QUOTE (Tiltinagain @ Saturday, September 9th, 2006, 4:08 PM)

Ever thought maybe he doesn't value the money because it's not HIS money he's playing with?
Just a thought.
Any one Who has no Value for Money Has The Potential 2we Become a Phenomilnal Cardplayer
QUOTE (Bling--Bling--75 @ Saturday, September 9th, 2006, 5:45 PM)

That Picture of Jessica Alba is Really Really Hot yo
Any one Who has no Value for Money Has The Potential 2we Become a Phenomilnal Cardplayer
in most poker Circle's I am Considered 2weBe The Best Player That Has Ever Lived
QUOTE (Bling--Bling--75 @ Saturday, September 9th, 2006, 5:51 PM)

That Picture of Jessica Alba is Really Really Hot yo
Any one Who has no Value for Money Has The Potential 2we Become a Phenomilnal Cardplayer
in most poker Circle's I am Considered 2weBe The Best Player That Has Ever Lived
& I'm Gay
QUOTE (Bling--Bling--75 @ Saturday, September 9th, 2006, 5:53 PM)

That Picture of Jessica Alba is Really Really Hot yo
Any one Who has no Value for Money Has The Potential 2we Become a Phenomilnal Cardplayer
in most poker Circle's I am Considered 2weBe The Best Player That Has Ever Lived
& I'm Gay
lol