Home / Poker News January 2014 / Raymer Looking to Sell Action
Raymer Looking to Sell Action
Posted by: Randy Williams - Mon, 2014-01-20 12:19
Selling a piece of one’s poker action has long been standard practice among high stakes professional players. This way, they can minimize risks to their bankrolls while still playing in massive events and they can let others win some money too off their backs so to speak, when things go well at the green felt.
Ryan Riess, the winner of the
2013 WSOP Main Event has put together an investment package last November, taking a very methodic approach to his future high stakes career.
Last week, 2005 WSOP Main Event champion Greg Raymer got the word out through one of the top
online poker forums that he too was looking to sell pieces of his action. Back in 2005 he had backers: of the $5 million that he took down, he paid out some $2 million to these backers. Having found quite a bit of success at the green felt following his Main Event win, Raymer didn’t exactly need to resort to finding backers again, but he decided to do it now nonetheless in an effort to reduce variance.
Raymer isn’t particularly ambitious in his quest for investors: his aim is to raise some $100k, which he plans to use in about 25 major live events, and he also plans to play in every one of the 2014 WSOP’s events too.
In an interview granted to a major poker portal, Ramer admitted that he hadn’t had a profitable 2013, but he said he hadn’t reached the bottom of his stack either. The reason he gave for taking up the idea of backers again was a domestic one: he was basically looking to appease his wife, by reducing the potential downside of his poker playing, but still playing a lot.
Apparently, Raymer had sold some action to a couple of close friends of his last year too.
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