Re: need a fair deal
Typical arrangment (as I understand it) would be to split PROFITS, not revenue. If you hadn't cashed in a long time, $1,000 would go to your friend, and so would any other winnings until you made it out of the red, at which point the two of you would split the profits 60-40. 60-40 is a reasonable split, but 50-50 is also fairly common.
So in your example, where you had gone the first three weeks without cashing but cashed in the fourth week, your friend gets (215*4) + (0.6*140) = 860 + 84 = $944, and you get $56.
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