I was in between 5k-30k MU for like 6 months or something... now that I think about it, I actually spend the majority of my poker career in makeup! i guess 30k isnt really that much tho with the volume i play... but at the same time.. I don't have a 30k score to my record, so when your MU represents almost double your biggest score, than it does kind of weigh on you i guess.
I just try not to worry about it.. it used to bother me that Id be in heaps of MU and basically playing sessions with no real potential to win anything in that given day to chop for myself, but I just started to not care and just have fun and try to win tourneys and see wat happens... busted out of 30k MU now on 3 separate occasions so its really not that hard to get out of, just takes a heater and a flurry of scores to clear it.

how is paying 2x the value on a loan/100% interest an 'amazing' deal?*

*Is this like the standard deal in backing circles? Just feels like a lot of interest to be paying

So is the gist of the story here to stay away from getting backed because you could spend the next 6 months grinding it out for possibly no cashouts, just trying to get out of Make Up, or what? :/

Is there a flip side to this story?....

 

Originally Posted by Mars6d

So is the gist of the story here to stay away from getting backed because you could spend the next 6 months grinding it out for possibly no cashouts, just trying to get out of Make Up, or what? :/

Is there a flip side to this story?....

backing can be a serious mindfuck but overall i think youre not getting to see the plus side of it. lets look at this way...

a) you are unbacked and have a bankroll of 30k. you lose 10k of it and now you have a bankroll of 20k

b) you are backed and you are in 10k makeup

in both cases you have to make 10k to essentially break even and go back to where you started. now here is where the 'mindfuck' comes in... (assume in both cases youre not going to cash out until youre above that 30k)

if youre unbacked and you're down that 10k, youre going to have to drop down in games so that you dont go broke. youre gonna play less expensive tournaments even though you can (hypothetically) beat the higher ones. if you can beat $109 mtts but simply cant afford to play them because youre bankroll is dwindling, then you are losing a lot of money maxing out in $50 mtts in terms of opportunity cost. on the plus side, when you do get a 5k score you can subsequently move up in stakes and in effect you'd be 'feeling' that difference the 5k makes.

if youre backed and you are down 10k, then you dont have to worry about moving down stakes. in this sense youre not missing out on that opportunity cost and can continue to play the tourneys you can beat. now the 'downside' to being backed is if you get that 5k score, and are still 5k in the hole, your life/poker game doesnt change per se. you dont adjust what games you play...the only thing that really changes is an imaginary number representing where you are.

i guess what im trying to say is that when youre backed and you get a big score that helps cut makeup by a decent amount, its sort of a bittersweet feeling. on the one hand you just had a great score and you really need to appreciaet these when it comes to mtts since they dont happen often. on the other hand, if that score simply serves to turn your makeup from 20k to 10k, then its not really 'affecting' your poker lifestyle, although it does get you 10k closer to being out of the hole.

then again, having a good backer can mean you have a mentor who is going to work on your game with you, and help you become a stronger player much much faster than you would have if you were on your own. i wouldnt be 1/10th of the player i am without my backers...and im actually friends with them in real life. going to see bob saget standup with one of them and our girlfriends this friday weeeeee

cliffs:

when youre unbacked and get a big score, it feels really good, even if it just gets you back or close to even

when youre backed and get a big score, it feels good, but mostly just serves to erase a hypothetical number, that for a lot of people, can weigh down on them. you see a ton of backed players (myself included at times) moping that they are in X makeup, when you can really just call it a downswing

backed since Jan 09 at a $5abi all the way up until now at around a 100 abi. i dont snap cashout every time i have a profitable day so i end up keepin profit in the account usually until i cash out for life needs. ( i have security keys obv) Also I give up 2% of my winnings to the check cashing place where i trade in the checks i have my backer send me. (LOL at taxes and proof of income, I never cashout into wells fargo or leave traces of monthly income). I live with a buddy from highscool i rent a room from, who I pay in cash. Unfortunately i have no credit, BUT I HAVE NEVER BEEN IN MAKEUP. im rly not complaining...obv just need to stop being backed soon but summer set me back as to what i want for a liferoll on my own fml livaments and drinking in vegas

 

Originally Posted by Dr Drewlius

[ ] never leaves traces

LOL, considered making this post myself

 

Originally Posted by mtstackin88

backed since Jan 09 at a $5abi all the way up until now at around a 100 abi. i dont snap cashout every time i have a profitable day so i end up keepin profit in the account usually until i cash out for life needs. ( i have security keys obv) Also I give up 2% of my winnings to the check cashing place where i trade in the checks i have my backer send me. (LOL at taxes and proof of income, I never cashout into wells fargo or leave traces of monthly income). I live with a buddy from highscool i rent a room from, who I pay in cash. Unfortunately i have no credit, BUT I HAVE NEVER BEEN IN MAKEUP. im rly not complaining...obv just need to stop being backed soon but summer set me back as to what i want for a liferoll on my own fml livaments and drinking in vegas

lol


don't even know where to begin

 

Originally Posted by mtstackin88

backed since Jan 09 at a $5abi all the way up until now at around a 100 abi. i dont snap cashout every time i have a profitable day so i end up keepin profit in the account usually until i cash out for life needs. ( i have security keys obv) Also I give up 2% of my winnings to the check cashing place where i trade in the checks i have my backer send me. (LOL at taxes and proof of income, I never cashout into wells fargo or leave traces of monthly income). I live with a buddy from highscool i rent a room from, who I pay in cash. Unfortunately i have no credit, BUT I HAVE NEVER BEEN IN MAKEUP. im rly not complaining...obv just need to stop being backed soon but summer set me back as to what i want for a liferoll on my own fml livaments and drinking in vegas

sick brag about evading taxes on a public forums (again), yet paying '50% tax' to a backer b.c you can't manage your money. must be a sick life to have tens of thousands of dollars under your mattress, not being able to open a bank account, invest, or show proof of income when you buy a home. it's also obvious your definition of makeup is skewed.

LMAO

awesome thread... 11th in the Cake rebuy has me rolling two days in a row.

 

Originally Posted by mtstackin88

backed since Jan 09 at a $5abi all the way up until now at around a 100 abi. i dont snap cashout every time i have a profitable day so i end up keepin profit in the account usually until i cash out for life needs. ( i have security keys obv) Also I give up 2% of my winnings to the check cashing place where i trade in the checks i have my backer send me. (LOL at taxes and proof of income, I never cashout into wells fargo or leave traces of monthly income). I live with a buddy from highscool i rent a room from, who I pay in cash. Unfortunately i have no credit, BUT I HAVE NEVER BEEN IN MAKEUP. im rly not complaining...obv just need to stop being backed soon but summer set me back as to what i want for a liferoll on my own fml livaments and drinking in vegas

After you leave your money laundering location they have to clear the checks so that they can get their money from the senders bank. The bank receives at minimum a photocopy of the check that has your backers name and your name on it, if not the original check. If your backer were to ever have his account flagged or be audited, you will be tied into the spider web and audited yourself as periodically sending thousands of dollars to someone who has no bank account and no claimed income is slightly suspicious..

Freedom+100% my own money is too good to want to get backed at this point. If your managing your money smartly, work hard, you can make 6 figures and take shots at making big money playing midstakes.

Everyone is different though, and each has different goals. Some want to play the best and don't take playing against weak fish seriously or as a challenge. Others like myself wanna grind out a low variance living. Also, a lot of the people that wanna play the highest stakes online don't have a quarter mill laying around to use solely for poker and therefore seek backing and don't have a choice. Another thing is the variance and swings are insane when your playing that high(obv there are fish, but surely not as many as in the mid/low stakes games). Most mentally couldn't handle playing on their own at the level. I think the people that are in high amounts of make-up get so fucked in the head mentally that they lose alot of their edge because their so deep in MU. Those people are the ones that chase, chase(who wants to grind a 5rb, that pays 5k to 1st, with 4 thousand people, when your a 100k in MU), and turn what is a profitable engine into GAMBLING. Its gotta be a helpless feeling. The people that get staked for all online buy-ins that do it right are those who grind a full schedule(20-1k FO's, and 5-200rb's). Not just the 100rb's and 1ks, ect...

Once I have enough of my own money saved and invested, I'd definitely look more into playing at that level. Until then see ya in the 3rb's.




I suck at putting thoughts into words so hopefully this babble makes sense to some.

infinity for infinite ?

 

Originally Posted by DrDankRx23

What am I missing here? Why is calling out someone for getting 11th in a cake rebuy so funny

Maybe because you try to act cool and like your somebody and pretty much disrespect one of the best mtt grinders ever and he called you out and it was funny. Get over it you grind poker congrats. It was just funny no need to be but hurt about it. You got owned in a online forum nothing to cry about.

[QUOTE=Abratzzi;5810611]Maybe because you try to act cool and like your somebody and pretty much disrespect one of the best mtt grinders ever and he called you out and it was funny. Get over it you grind poker congrats. It was just funny no need to be but hurt about it. You got owned in a online forum nothing to cry

Owned? You think that's getting owned...the guy could have said anything and you guys would be all zomg! Post of the year!...take a second to get his nuts out of your mouth and realize noone was getting "owned".