Staking Agreement

[stunnersuh]

Hey guys, a good friend of mine wants to stake me for some low limit cash games. He wants to start up a new account with $1000 in it, on PokerStars so I can multitable 50NL FR.

We're both keen on the agreement, but we are having trouble figuring out what a good percentage is that I should take of the potential winnings? I have been a fairly solid winner at 50NL and 100NL on Stars.
We really have no clue as to what is a fair deal for both sides. We plan on running this stake for a few months or so. Thanks for any input guys.

[jono]

If you're a "fairly solid winner" up to NL100, why do you need an NL50 stake?

stake ends when account hits $3K, he gets $2k, you get $1k. He absorbs any loss.

[stunnersuh]

I guess it's the fact that I'd feel pretty bad if I lost my friend's money, but obviously I am confident I can make him some money.

[Henry17]

If you are a solid player why do you need $1000?

[stunnersuh]

It's more for him than me. I have my own bankroll and would like to make him a little money where he is willing to take on the entire risk.

[poorolrich]

If it is more for him than you just charge him per hour at whatever your time is worth.

[Elvis57]

How do you have 2 accounts at a site in the first place?

[RikaKazak]

I didn't read the post...but don't need to.

Staking friends is -EV...PERIOD!

If you want to be nice and do it, fine, but don't do it for the money, do it to be nice.

[xxx]

50/50 split, 3 mo, no makeup.

Although I agree with every other poster that something is fishy.

If you are a solid winner, you are donating time and money to your friend- so save the time and donate the money.

If you are not a solid winner, you are fooling either yourself or your friend.

So either way, [img]/images/graemlins/confused.gif[/img] [img]/images/graemlins/confused.gif[/img] [img]/images/graemlins/confused.gif[/img].

[apefish]

[ QUOTE ]
50/50 split, 3 mo, no makeup.


[/ QUOTE ]


As the staker I would never do this.

You don't have to be a charity to "help"- but every edge you push trying to get the better end of the deal makes you less of a friend trying to help.

An argument could be made that the best thing a friend could do is simply say no to risking a buddy's money.