I am looking to invest money for an experineced poker player who plays in tournaments can you help me ?

Question

i am looking to invest money for an experienced poker player who plays in tournaments. can you help me?

Answer 1

I would be interested, I have a very high ranking on officialpokerrankings.com a site that give tournaments rankings for online poker players

Answer 2

You can back me if you want, lol. I live in Las Vegas and have access to all the biggest tournaments in the world. You pay 100% of the entrance fees and can half of what I win.

Answer 3

Find someone you know who is a good player and back them.  Get it all in writing.

Answer 4

Well, there's always ME   :)    I do have a good online record and consider myself a pretty damned good player.

Serioulsy, a couple of things to keep in mind:  First, make sure you're backing an honest player with a good track record, preferably someone you know or with a history.  You want some assurance that they're gonna be honest with you about their win/loss record.  

Remember that poker is a game of swings.  Anyone who tells you they always win is lying through their teeth or is in serious denial.  You're looking for someone who has a consistent up-swing over a period of time, not necessarily someone who's had a few wins in a row or a couple of lucky tournaments--you want a track record.  

You have to be able to let go of the money you invest.  You may end up investing in someone on a downswing.  It doesn't mean they're a bad player; everyone hits bad streaks.

Insist the player keep detailed records of their hourly wins/losses and all tournament results.  Any good player keeps a running book of their results.  

Remember that even top pros in tournament play end up in the money in only 15-20% of the tournaments they enter (and 20% is EXCEPTIONALLY good.)  They have a lot of money because the payouts are so big and because they play regular poker when not playing tourneys.  

And on that note, remember that the object of poker is to win money, not win every pot or every tournament you enter.  Someone who consistently ends up with a payout in a tourney, even with no wins, is probably a better player than someone who may have won one or two but ends up far back in the pack overall.  TJ Cloutier has never won the WSOP main event and you seldom see him on TV but he's still considered one of the top 3 or 4 tournament players in the world.