A Prop Bet

Those of you who follow the poker world might know the story of boku87. He bet $30,000 to win $90,000 that he could turn $100 into $10,000 in 15 days by playing nothing higher than $16 sit and go tournaments on Pokerstars. He was playing between 40 and 50 tables AT A TIME for somewhere around 16 hours a day, but he made it on the 14th day, $10,011.

A friend of mine thinks that he can do something similar (though he cannot even come close to doing 40 tables at once), so I have offered him similar terms, as detailed below:

1. Starting date is 20 March 2009, 00:00 Eastern Daylight Time. Ending point is 19 June 2009, 23:59, Eastern Daylight Time (any eligible tournaments that start during this time period count toward the bet).

2. Your starting bankroll is $200.00*. Ending conditions are as follows:
a) Your winnings reach -$200.00 at any point, or to such a point where you are unable to buy-in to an eligible tournament, in which case you lose the bet.
b) Your winnings meet or exceed $9,900.00 (net profit) before 19 June 2009, 23:59 EDT, in which case you win the bet. If this happens, you must send an email to the group claiming victory, and we will look over the records to verify the result.
c) 19 June 2009, 23:59 EDT comes and goes with you not having reached $10,000.00, in which case you lose the bet.

3. Odds being offered are 3:1. You are risking $333.00 to win $1,000.00.

4. Eligible tournaments are any tournament on Pokerstars during the bet period played under the name "xyious" which are 45 man Sit & Go tournaments. There is no minimum buy-in, maximum buy-in is $27 (rake included).

5. You may not buy-in to any tournament that is greater than your total bankroll at the time (i.e. if you have only $8 left in your bankroll, you cannot buy-in to an $11 tournament even if you have the funds in your account).
6. Bonuses, rakeback, player transfers, Battle of Planets winnings, deposits, and cashouts, do not count toward your overall profit. A snapshot of your current record, according to Officialpokerrankings.com will be posted to this list on 19 Mar 2009. OPR results will be used to determine if you ever reach one of the automatic end-states.
7. In the case of any dispute, this list will act as a democratic meditator of the dispute. They will listen to each of our arguments, and have 24 hours to vote. At the end of the 24 hours, whichever of us has more votes will win the argument, and both sides agree to this dispute resolution mechanism. In the event of a tie in the dispute resolution process, there will be one more argument period and one more voting period of 24 hours. If after the second vote, there is still a deadlock, then there will be no action on our bet.

*includes a $100.00 starting bankroll and an one-time optional $100.00 rebuy bankroll. All currencies in this bet are $USD.

So basically, I'm putting up a thousand againsth is $333 that he cannot do it. Two others have each put up $300 to his $100, so this stands to be pretty interesting.

Until Next Time,
Fell