coaching
Posted by cece
Posted by
cece
posted in
Low Stakes
coaching
I recently decided to take a year off from live poker and grind online mainly to improve my game. In order to improve faster and get over the learning curve easier, I found myself a coach. Im posting this to ask fellow poker players who has experiences with coaching deals. What is the best deal for me to offer my coach? Should I pay him an hourly, how much per hr. or should I just give him a % of my profit. Or should I offer a stake/coach deal? If so how should this deal work???
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i expect you will have a hard time finding a good coach who will take % profit deal without a strong track record online at 100NLH+
that depends
1. if both of u r good（ideal condition）, it s always good to use a basic-coaching-fee + percent-of-profit scheme, such deal can protect both u and ur coachs' interst
2. hourly payment ranges from atleast 1.5x to 2x of his hourly winning（plus other opportunity cost）, cuz IMO preparing for ur lesson cost their time
How is opportunity cost of 1 hour of coaching equal to 1.5 or 2x of his hourly when playing?
IMO its hard to find cash game coach now that tracking sites are gone, a lot of people are faking results / graphs, pretending to be good players, and scamming others by "coaching" them. Be very careful, and good luck.
please expand more on this basic coaching fees + percent of profit
The deal is always composed of 2parts——basic-coaching-fee or/and percent-of-profit. As for the coach himself, he wanna get maxium ev from the coaching deal,
if the coach know nothing about u, cuz a large percent of pokerplayer is bad(which means ev of fee>ev of percent), he would prefer the default(primitive) coaching deal , he teach u several lessons, and take the fee away
if the coach thinks u r talented and good-learner,and he is good also, that means ev of percent> ev of fee, so he will prefer percent deal ,which sounds great for u also(no fee paid)
so if the coach think himself decent, and he think u r decent but not very sure, he will prefer his range(i m joking) contain more of percent and less of fee
IMO , fee:percent should be about 1:2 or 1:3, that kind of deal protect both u and ur coachs' interst(assuming both of u think urself decent, and both of u have protection when the coaching is failed)
for example: if the 100% fee deal is 10000 for 10 lessons, the best deal is 2500-3300 fee + 25%-50% of ur income in 3-12 month( that part should be more than capped remaining fee in coachs' eye)
well i met this person in person, and he coached some people who i think are very good player, and i also dig up some research on him seems like he is a very good player.
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