Today at the casino, while waiting for my $2/5 holdem game, I was approached by an older gentleman. He introduces himself and tells me he's noticed me playing a lot and thinks that I'm a good player.
He says that he would like to invest in me and asks if I would be willing to do this. Flattered, I agree to a 50/50 cut with each of us putting up $200 each (total buyin $400).
When I first got my seat, the guy was being kind of a nuisance; talking to me a lot, sitting directly behind me, asking to see my cards, etc. He soon realized that wasn't gonna fly and gave me my space. I built up my stack to about $750 when the guy decides to take a walk.
While he was gone, I got mixed up with a hand that I shouldn't have and ended up bluffing away all my chips. I immediately bought in for $300 more and quickly built it back up.
When he returned I got up and told him that I busted out. He must have not understood because he said "That's OK."
At the end of my night, I ended up cashing out $937. After cashing out, I find the man and shake his hand saying, "Sorry it didn't work out."
He looks at me confused and asks "What are you talking about? I saw you cash out $900 something."
I explain to him about my busting out earlier, but he thinks I'm trying to pull a fast one. I even bring over a witness but he still seemed reluctant to believe. At this point I feel kinda bad so I agree to give him half of my 2nd session winnings minus $150 (which would have been his 50/50 investment). He refuses this deal and doesn't understand why I should deduct another $150. I explain the situation to two of his friends and they both arrive at the same figure ($937 - $300 - $150 = 487 / 2 = $243) but he still feels he is entitled to more.
Basically, he wants me to front the entire 2nd buy in without putting down any of his own money in. Heated words were exchanged and eventually I tell the dude to get bent. I honestly didn't owe him anything. He didn't put down any money on my 2nd buy in, so he doesn't get to reap any rewards. I mean, had I busted out that 2nd time, I doubt he would have taken out $150 from his wallet for me. I was probably being to soft even offering him anything.
Anyway, this is the last time I accept money from a stranger. It was kind of cool and flattering that this total stranger thought highly enough of me to want a piece of my action, but in the end it was just a headache. Especially since this game is well within my bankroll to handle by myself. All I was doing was cutting into my own profits. Lesson learned.
Cliffs:
*Me and some stranger agree to 50/50 split of my poker winnings out of a $200/200 initial buy in
*I bust out while he isn't in the room and buy in again with my own money.
*I try to tell dude about the bust out, but he didn't comprehend
*I end up cashing out $937. Dude asks for his cut.
*I feel bad, offer him a more than fair compromise.
*Guy hurls insults, I rescind the offer, tell him to pound sand.
*Lesson learned: don't accept backers if you can afford the stakes.
He says that he would like to invest in me and asks if I would be willing to do this. Flattered, I agree to a 50/50 cut with each of us putting up $200 each (total buyin $400).
When I first got my seat, the guy was being kind of a nuisance; talking to me a lot, sitting directly behind me, asking to see my cards, etc. He soon realized that wasn't gonna fly and gave me my space. I built up my stack to about $750 when the guy decides to take a walk.
While he was gone, I got mixed up with a hand that I shouldn't have and ended up bluffing away all my chips. I immediately bought in for $300 more and quickly built it back up.
When he returned I got up and told him that I busted out. He must have not understood because he said "That's OK."
At the end of my night, I ended up cashing out $937. After cashing out, I find the man and shake his hand saying, "Sorry it didn't work out."
He looks at me confused and asks "What are you talking about? I saw you cash out $900 something."
I explain to him about my busting out earlier, but he thinks I'm trying to pull a fast one. I even bring over a witness but he still seemed reluctant to believe. At this point I feel kinda bad so I agree to give him half of my 2nd session winnings minus $150 (which would have been his 50/50 investment). He refuses this deal and doesn't understand why I should deduct another $150. I explain the situation to two of his friends and they both arrive at the same figure ($937 - $300 - $150 = 487 / 2 = $243) but he still feels he is entitled to more.
Basically, he wants me to front the entire 2nd buy in without putting down any of his own money in. Heated words were exchanged and eventually I tell the dude to get bent. I honestly didn't owe him anything. He didn't put down any money on my 2nd buy in, so he doesn't get to reap any rewards. I mean, had I busted out that 2nd time, I doubt he would have taken out $150 from his wallet for me. I was probably being to soft even offering him anything.
Anyway, this is the last time I accept money from a stranger. It was kind of cool and flattering that this total stranger thought highly enough of me to want a piece of my action, but in the end it was just a headache. Especially since this game is well within my bankroll to handle by myself. All I was doing was cutting into my own profits. Lesson learned.
Cliffs:
*Me and some stranger agree to 50/50 split of my poker winnings out of a $200/200 initial buy in
*I bust out while he isn't in the room and buy in again with my own money.
*I try to tell dude about the bust out, but he didn't comprehend
*I end up cashing out $937. Dude asks for his cut.
*I feel bad, offer him a more than fair compromise.
*Guy hurls insults, I rescind the offer, tell him to pound sand.
*Lesson learned: don't accept backers if you can afford the stakes.
