Backers

[Adam D]

A deal my friend came up with recently worked as follows:
He'll back the player 100% w/ full access to PT database.
You start out making 30%. For every 30 bets you win the percentage goes up by 5%. It can never go higher than 50/50. So if you win 90 bets, you make 30% on the first 30 bets, 35% on the second 30, and 40% on the third 30 and so on.
Rakeback is split 50/50 if you win. If you lose the rakeback goes towards paying back the loss, anything left over is split 50/50.
You also have to work out a minimum hands played per month.
Everything resets at the beginning of the next month.

[Pog0]

[ QUOTE ]
A deal my friend came up with recently worked as follows:
He'll back the player 100% w/ full access to PT database.
You start out making 30%. For every 30 bets you win the percentage goes up by 5%. It can never go higher than 50/50. So if you win 90 bets, you make 30% on the first 30 bets, 35% on the second 30, and 40% on the third 30 and so on.
Rakeback is split 50/50 if you win. If you lose the rakeback goes towards paying back the loss, anything left over is split 50/50.
You also have to work out a minimum hands played per month.
Everything resets at the beginning of the next month.

[/ QUOTE ]

... .. until you pay back your backer and play out of pocket, right?

Unless you prefer the whole zero risk element.

[Spechel EDD]

my backer for live play fronts me the standard buyins and at the end of the night he takes back the intitial buyin(s) and 20% of my winnings.

he says that if i ever lose my buyins i dont have to ever pay him back as that is his risk but ive yet to lose anything or walk away without a profit.

online play im not quite certain about. 35%ish would probably be average im guessing

[DavidC]

I'd probably work a backing deal something like this:

X # of hands, split wins and losses 50/50, or, you play X # of hands for $Y.

X would be a number between 100,000 and 400,000.

[Young_Rodney17]

I'll back you tickner.

<font color="white"> j/k, go back to SNGs</font>

[Pog0]

[ QUOTE ]
my backer for live play fronts me the standard buyins and at the end of the night he takes back the intitial buyin(s) and 20% of my winnings.

he says that if i ever lose my buyins i dont have to ever pay him back as that is his risk but ive yet to lose anything or walk away without a profit.

[/ QUOTE ]

Nevertheless, it sounds like you've got the better end of the deal here.

[Spechel EDD]

im thinking the same thing. i think its insane that most people here are talking about 50% WITH having to pay back LOSSES.

[Pog0]

[ QUOTE ]
im thinking the same thing. i think its insane that most people here are talking about 50% WITH having to pay back LOSSES.

[/ QUOTE ]

That's not backing, that's selling action.

Backing = you risk nothing but can win less. Details can get complicated.

[Spechel EDD]

right now even if you posted all the details it would take me forever to read all of it and id have to reread it all over again and i probably still wouldnt understand

thanks jaeger!

[keikiwai]

[ QUOTE ]
right now even if you posted all the details it would take me forever to read all of it and id have to reread it all over again and i probably still wouldnt understand

thanks jaeger!

[/ QUOTE ]

You don't live on Staton Island do you?