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Old 01-19-2007, 04:02 PM
snowbank snowbank is offline
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Join Date: Apr 2004
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Default Re: A staking decision

[ QUOTE ]
Ok, so your friend/parent/uncle/random man in the street approaches you and is interested in backing you for poker.

You'll obviously sort out some kind of agreement maybe something like:

Borrow for for 6months or 50% return - whichever comes sooner.

Borrow untill returned original + 25% on his investment.


However your decision is this, your bankroll is $5k and if you continue you'll prob make around $100 000 this year. The problem is, when do you take this "guys" stake?

Do you:

1) Accept it now, let it take you from NL$100 instantly to NL$200 and NL$400 increasing your hourly wage immediately and means you'll be at NL$1000 alot sooner(Then when you go alone you make alot more cash for yourself as you'll be playing NL$500 and 1k etc)

Or

2) Continue on your own BR now, make your $100 000 goal this year then accept it further down the line where the investor(Who you want to continue to have a good business relationship with) will get faster returns but means you'll be giving up alot more interms of $$$$.

Appreciate any comments or if you've been staked yourself, any downfalls which i may overlook? PM if you wanna keep it quiet.

[/ QUOTE ]

This doesn't make sense. If you're trying to get to $100's to $200s or $400s, you should be able to get your roll big enough in like a week or two if you grinded and are a winning enough player. What % is the backer taking? If he takes 50% and you move to a higher level you'll probably make less.

The thing that makes sense if you want very little risk and the backer doesn't mind risk, is having him take like 25% of you and move you up to higher levels, but if you have a $5k roll it seems like a bad deal for the backer.

Maybe if the backer was someone who was coaching you as well to make sure that you win, that would make sense, but otherwise it seems like you are going to take a -ev gamble with someone else's money in the situation you mentioned to be honest.
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