III Membership

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-- Anonymous, October 18, 1999


A. New Members

New member candidates to the team shall be determined based on trustworthiness and either existing abilities or ability/willingness to learn the necessary skills.

New member candidates must successfully pass the testing requirements, as defined in Part IV of this manual.

New member candidates must be observed in live play by at least one existing team member.

New member candidates will be officially accepted to the team after interview by Team Manager. In the event Team Manager is not able to conduct this interview, he may appoint a substitute to perform the task.

Exceptions to any of the above requirements may be made by decision of the Team Manager. In the event of such an exception, the Team Manager must provide a written explanation to the team members outlining the background for such decision.

-- Anonymous, October 18, 1999

B. Big Player "BP" Members

As our betting levels have grown, it has become necessary to utilize the services of BP's to minimize exposure of certain Counters in any given casino.

BP's shall be recruited based on absolute trustworthiness of a team member (ie; relative, friend, co-worker, etc.), ability to get away with betting large amounts based on the individual's look and/or personality (act), and either an existing knowledge of basic strategy or the ability/willingness to learn such basic strategy.

-- Anonymous, October 18, 1999

C. Investments

Our target bank is $100,000. We will divide this by the number of players on the team, and this figure will represent the initial offering to each player. This includes BP's. Once all players have made their initial commitments, and we are short of the $100,000 goal, those players interested in investing further monies shall be permitted, with equal shares to make up the difference.

All players are required to invest a minimum of $1000.

We will not be entertaining offers from outside investors. However, if an individual player wishes to raise investment funds for his own individual stake, that is acceptable. Any such arrangement is strictly a contract between the individual player and investor. The team as a whole has absolutely no obligation to such investor, who in the team's opinion does not exist. Such an individual is not to have any direct dealings with the team. The team's relationship is strictly with the player.

-- Anonymous, October 18, 1999

Addition: "Voluntary Withdrawal From Team"

If a player should for any reason, other than resulting from a change in policy as outlined in Section I of this manual, such player shall receive back only his initial investment or portion remaining at the time of withdrawal. The withrawing player will forfeit any and all winnings.

-- Anonymous, October 26, 1999

this penalty is too great, IMHO. (SF)

there should be a penalty to discourage fickle players & to compensate for the headache in book-keeping that it necessitates, but really... forfeiture of all winnings is draconian. especially so when the player in question may have some valid personal reasons for needing to withdraw.

besides, all a person has to do to get around this restriction, is to simply quit the team without telling anyone that he's quitting. for example: this is essentially what seeker has done. he is currently doing jack for the team, but when the bank breaks, he will suffer no special penalty. nor should he... just pointing it out.

i suggest a 10% penalty for early withdrawal.

an early withdrawal really doesn't effect the eventual EV of the other players so much that he should be denied all winnings.

-- Anonymous, November 01, 1999


Ok. I will use your suggestion and correct the text.

-- Anonymous, November 02, 1999


we need a firm policy on what happens with the void created by the early withdrawal. will we permit new or existing players to jump in & buy the shares (as we have done)? or will we simply reduce the value of the bank?

we need to put it in writing.

-- Anonymous, November 01, 1999

Buy-out of Departing Shares

Will write up a policy.

-- Anonymous, November 02, 1999

D. Play Requirements

During the onset of the Y2K bank, each player is required to make a minimum of one trip to Las Vegas in either June, July or August. Such trip is to consist of a minimum of four days, to enable the player to play a minimum of 30 hours, but in no event more than eight hours each day.

-- Anonymous, October 18, 1999

failure to comply... (SF)

anyone who fails to meet the time-requirement should be penalized in some way OR not invited to join in on the next bank. extenuating circumstances may be cause for leniency.

-- Anonymous, November 01, 1999

Failure to Comply (Rick)

Good idea. Need to think on this, but I'll come up with a proposal.

-- Anonymous, November 02, 1999

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