playing from a common BR

    • fun101rockets
      fun101rockets
      Bronze
      Joined: 01.06.2008 Posts: 1,162
      An idea to lower varience
      Players who play similar limits with similar winrate get into a group. At the end of the week everyone shares their profit/losses. A mean profit is calculated and money is distributed so that everyone wins. any comment/feedback?
  • 7 replies
    • viewer88
      viewer88
      Bronze
      Joined: 19.04.2008 Posts: 5,545
      Only +EV if you're the worst player in the group :f_grin:
    • KidPokersKid
      KidPokersKid
      Global
      Joined: 27.02.2009 Posts: 653
      I have done this with a few friends when we hit up the Live Casinos because we're only 1 tabling
    • Ejeckt
      Ejeckt
      Bronze
      Joined: 06.12.2008 Posts: 517
      Sounds like communism to me :P Great on paper, but it'll never work. People are inherently too... well... too too.

      Unless you're very close to the people, and I mean really close, and willing to risk your friendship (ever heard the advice: never go into any form of business with friends/partner), you should stay away.

      Didn't Doyle and his friends to something similar back in the 70's?
    • anx1ety1223
      anx1ety1223
      Bronze
      Joined: 02.08.2009 Posts: 11
      yes Doyle Brunson, Puggy Pearson and Amarillo Slim have done that.. It worked out for them
    • kingdippy2008
      kingdippy2008
      Bronze
      Joined: 30.08.2008 Posts: 2,107
      Originally posted by Ejeckt
      Sounds like communism to me :P Great on paper, but it'll never work. People are inherently too... well... too too.

      Unless you're very close to the people, and I mean really close, and willing to risk your friendship (ever heard the advice: never go into any form of business with friends/partner), you should stay away.

      Didn't Doyle and his friends to something similar back in the 70's?
      Yes i also thought this at first. Of course its a great way to reduce your variance so to speak but really all players have to be the same abilty for it to be =ev. This is just my opinion though.

      Pretty cool about the Doyle Brunson etc. thing. I suppose when playing live it makes more sense because the variance seems bigger because you get dealt less hands.

      Regards,

      -Jack
    • SoyCD
      SoyCD
      Bronze
      Joined: 20.02.2008 Posts: 6,356
      The main problem I see with this kind of stuff is that you need to have 100% trust and absolute and complete confidence in each others skills.

      Otherwise you are looking at general problems like:

      - Some people putting in more volume than others and feeling the others to be slacking
      - Some people playing better than others and seeing the system as them just subsidizing the worse players

      or worse individual things.
      -E.g. a player obviously tilts and loses money which is then shared among the others (who fight about it).
      -A player doesn't honestly document all his sessions (so leaves out big winning sessions but includes losing sessions).
      -etc. etc. etc.

      I would never do this except in situations such as real life friends with obvious edge hitting live games - where the volume is obviously the same and everyone knows that there is a big edge and is really just looking to share the profits evenly in order to reduce variance. Never online though.
    • fun101rockets
      fun101rockets
      Bronze
      Joined: 01.06.2008 Posts: 1,162
      but if i couldfind some other high volume trustworthy players who play greater than 20K hands per week we would be able to collectivly play over 100K hands=0 varience