Re: Staking/Make-up question: What to do with lower prize-pools?
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Working off your make-up is as good as earning cash, if this arrangement is for the long term.
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for you to say you wouldn't play your best and rather gambool it up or it wasn't worth your time if you weren't participating in the cash profits of that smaller tourney would be a firing offense if i were your backer.
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The way makeup is usually enforced, is one of the reasons staking arrangements will typically fail. (I am speaking in total, on average, there are many many exceptions).
The whole point of a contract like this, is to keep everyone's incentives perfectly aligned. What I suggested in an earlier thread is to have some sort of sliding scale. The deeper underwater you are, the smaller % of your winnings you get, but always a reasonable share (10-20% maybe). The backer may make more in the short run with a full makeup, but having a fully motivated player will always work out best in the long run.
FWIW, I see everyone's point about just playing your way out of a make-up. But, you are just ignoring human nature. People should treat 30k less debt = 30k in cash, but they don't. It doesn't happen in basically any of the average person's financial dealings.
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what they all said.
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