Re: Going 10% of each other question.
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If the agreement is "we share 10% of our profit with each other" he did just fine. That's what he's doing. And that's the only agreement I would ever go with--if I win $400 in a $340 tourney for going out on the bubble at the same time as another player, I ain't giving you $40 and keeping $20 for myself; you're getting $6. And if someone else pays my way in to the tourney, the agreement with that guy holds, and again, you'll get 10% of my profit. And if I have a 10% agreement with 3 other players, I'm obviously not giving 4 people $40 each and losing money on this.
So I see nothing wrong with this, other than it sounds like you haven't been doing 10% of profit in the past...sounds more like you've been doing 10% of the gross take.
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What if he'd sold all of himself? Then I guess you'd get $0 regardless of where he finished?
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