I Wish I Knew Then What I Know Now: Backing
by Bryan Devonshire | Published: Sep 04, 2013
I’ve written many checks to many people as returns on an investment in my poker game. I’ve been handed large sums of cash for backing people. I’ve won and lost over a million dollars for others. All of my biggest scores would have been impossible without backing, and many times I’ve wished that I was never backed at all. Backing deals come in either long or short-term packages. Short-term agreements include taking action in a game or a tournament as a one time deal. Hero wants to play in a juicy $2-$5 no-limit (NL) game but is only rolled for $1-$2 NL. Hero may then want to sell half of his action, so he is still playing bigger, learning the next limits, and not overextending his own bankroll. Similar spots exist in tournaments. If hero wants to play bigger but is only bankrolled for $500 buy-in tournaments, then hero should ...
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