So I’ve been planning a trip to the World Series Of Poker this year. Not because I think I can win an event, since I’m way outclassed. I’m treating it more like Poker Fantasy Camp. I’m going to pay a bunch of money to play with really good professionals and learn something while getting my ass kicked in style. Sort of like Jo Dimaggio Baseball Fantasy Camp, I’m going to be "livin’ the dream".
I mentioned this to someone and they very seriously offered to pay part of my buyin in return for a percentage of the prize money. For paying 10% of my buyin ($100 of the total $1,000) he’ll get 10% of any winnings I might receive in thsi event.
"Are you kidding?" I said, but no, he was serious. "You do realize I’m a complete and utter longshot to even make it past the third hour, right?"
He was serious. "I have faith in you, I’ll have your $100 tomorrow."
I didn’t feel like I’d done a good job of adequately expressing all the reasons why this is a bad investment risk for him, so I put together a small agreement explaining the pitfalls of betting on my success at this year’s World Series. One of my favorite parts is this line:
Foolish Investor agrees that suckouts where online lunatics drawing to the only card in
the deck to beat The Fish’s perfect hand are a fact of life in poker, online and off, and agree to hold The Fish harmless from all damage inflicted by such behavior.
I’m not really seeking investors, so I post this only for your amusement. Wish me luck!