Minding the Funding Gap
The Chinese whale relayed through his translator that he would like the gentleman in Seat 4 to double his rebuy¹, another $10k. Worried looks crossed the table among the eight pros, myself included. This was the second time the whale had relayed this message. Two pros came to quick arrangements to give Seat 4 a flag ($5k chip) each securing 25% equity in his action and more importantly the whale’s continued play. The whale would have left for baccarat otherwise. Seat 4 did not want to rebuy —...
Minding the Funding Gap
The Chinese whale relayed through his translator that he would like the gentleman in Seat 4 to double his rebuy¹, another $10k. Worried looks crossed the table among the eight pros, myself included. This was the second time the whale had relayed this message. Two pros came to quick arrangements to give Seat 4 a flag ($5k chip) each securing 25% equity in his action and more importantly the whale’s continued play. The whale would have left for baccarat otherwise. Seat 4 did not want to rebuy —...
Selling myself long
When I say poker people might imagine players sitting next to bricks of cash at a final table on television. The stakes were high but often not as high as it appeared — at least for the pros. Professional poker players with few exceptions have been staked, swapped, cross-booked or sold action. In a $10,000 buy-in tournament, like the World Series of Poker (WSOP) main event, even a successful¹ pro might swap or sell action to diversify or hedge risk. Most often equity agreements occur before t...
Selling myself long
When I say poker people might imagine players sitting next to bricks of cash at a final table on television. The stakes were high but often not as high as it appeared — at least for the pros. Professional poker players with few exceptions have been staked, swapped, cross-booked or sold action. In a $10,000 buy-in tournament, like the World Series of Poker (WSOP) main event, even a successful¹ pro might swap or sell action to diversify or hedge risk. Most often equity agreements occur before t...
