I have $14,000 of my own money, but if I continue to experiment, I'll probably go broke. I'd rather experiment with someone else's money and share the benefit with them. Is there financing available for a concept I have, that may have far reaching effects. Naturally, it would have to sound plausable to whoever may be interested.
I hope I'm not breaking any rules with this post. If I am, I'll understand why it was busted.
No one wants to finance a new player. A better idea would be to read a book by Stanford Wong, and start playing at the cheapest table you can. Or better yet, download a BJ trainer (I really liked the one at superblackjack21.com) and become proficient at the concept of counting there, before you waste your money at a casino.
I don't think any other player or investor really wants you to experiment with their money. Would you? If you're doing blackjack for fun then drastically cut your bets to what you can afford. Don't get confused between earning money and having fun.
Treat getting outside funds as a business and you'll get more respect.
Come on!
"I have $14,000 of my own money, but if I continue to experiment, I'll probably go broke. I'd rather experiment with someone else's money and share the benefit with them."
What benefit are you talking about. You say that you would go broke with using your money! How is using someone else money going to make it work!
Besides take the money you have and invest it in an IRA or CD. You will for sure make money that way. Playing blackjack is a gamble and anyone here will agree with that!
Capt Shreve
this might not be a bad idea. North Wind, when you lose a bunch of some guys money just tell him to hold tight, your playing for the long run. I hear thats what brokers tell their clients.
Jayel
if you know your going to lose 14k playing with your money-why on earth would anyone here give you 14k to lose.
after getting some sleep, just coming off a 12hr. O/T shift. I posted before going to work and only read the responses this morning.
Believe it or not, NW's post does make more than a little sense. I've come across money players who couldn't beat anyone's grandmother in their game of choice using their own dough, but with a stakehorse at their disposal, they played like God and always snagged the cash. It's just the way of the world, I suppose.
Incidentally, in case you haven't noticed, the market is in fairly strong turmoil right now. My advice is to sell calls on the OEX and buy calls on short term gold contracts. That's what I am doing. The odds are positive, so jump in.
Daringly-I'm not a new player. Surely my posts show it.
Get Real--Every investors money is used in experiments, that's where new innovative products come from. Losing someone elses money would be a total embarrassment to me, no ifs ands or buts. The investor could come here and tell the world about it, causing me even more embarrassment. The person would know exactly how the money was to be used and can easily assess the probability of success before agreeing.
Capt. Shreve--The benefit would be a successful conclusion. I could go broke because the bankroll is to small to sustain an unlucky start and could cause me to be overly cautious and besides, I reaching a point where I wouldn't be able to replace it. If no one was interested, I'd still proceed. Using someone elses money sounds one-sided but I would be giving up just as much and probably more.
The person would be looking at a finished product that's ready for marketing. A product that he or she had no hand in shaping. The money is going to make it work by giving it a better chance than I can alone. There is more to this than an IRA or CD. A sense of accomplishment, the thrill of victory, beating the unbeatable foe. The investor hopefully makes money and bragging rights, that's what investors do. I make much more.
Jayel-- Many investors have no idea how their money is used, judging by recent events. This person will know exactly how the money is used.
pat-- I don't know if I'd lose proceeding on my own. I spent so much time and money on developing systems and very little attention to bankroll requirements, thinking it would take care of itself. This site has made me more aware of its importance. If I thought I'd lose, it would be illogical to proceed with something that couldn't succeed
and take another person down with me. These post demonstrate that thing are always more difficult than anticipated.
Thanks all for reading the post and responding. We're all winners.
I get to see thing from your view and you see things from mine.
Cool North Wind, As soon as you get the BJ loan let me know I'll come help you play it out at the casino. I think my playing will dramatically improve if I know its not my money. if the lack of stress over losing it is going to make you a better player think how i'll kick ass and take names if the person that loans it to you isn't even expecting anything from me. Let me know when to be there. I'm 100% behind you. you do want to reloan me part of it don't you.? think of the pride you'll feel and all the money you'll have after I beat the heck out of the casino. Post a message here when we are ready to go.
maybe it's experimental to your friends, but other players know the score. I'd say about half of all investor or team-banked players fail for one reason or another. Or money gets stolen.
@ 4.4% that is 616 per year or 51.33 per month.-tax free.
So you have 51 to play with every month-keep your day job.
For what it is worth, I had a losing year in CY 2000. I made money in CY 2001, but had a downturn at the end of the year, and my winnings for 2001 did not offset the loss in 2000. That is, for the two year period from 1/1/00 through 12/31/01 I was a net loser.
The Real Mathprof
